Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    76N Franklin St Hempstead, NY 11550

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $140,000

    Deli/grocery for sale with great potential in Hempstead.

    Property Features for 76N Franklin St

    General Information

    Property type
    Commercial
    Standard status
    Active

    We can help!

    Listing Contact
    Augusto O. Torres
    Source: Elliman

    Listing Agent: Augusto O. Torres

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Deli/Grocery in Busy Area

    This deli/grocery property is for sale and situated in a busy area. The property offers great potential for various business opportunities.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Holiday Farms Supermarket, Franklin Square, Holiday Farms Supermarket

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6250308
    Latitude
    40.7028986

    Nearby Similar for Sale

    • $398,000
      0.48 Acres

      Retail Opportunity in Hempstead, NY

      High-visibility storefront in a prime retail area with ample parking.
      555 Greenwich St, Hempstead, NY 11550
      View Details
    • $375,000
      2,338 SF

      Professional Office Condominium in Hempstead

      2,338 sq. ft. office condo with versatile layout.
      230 109, Hempstead, NY 11550
      View Details
    • New
      $825,000
      1,448 SF

      Uniondale Two-Family Investment Opportunity

      Well-maintained two-family property with stable rental income in Uniondale.
      1060 Midland St, Uniondale, NY 11553
      View Details
    • New
      $695,000
      0.11 Acres

      Hempstead Two-Family High-Ranch Home

      Legal two-family home with reliable rental history and Section 8 approval.
      3840 Linden Pl, Hempstead, NY 11550
      View Details
    • New
      $829,000
      0.19 Acres

      Legal Three-Family Tudor in Hempstead

      Legal 3-family Tudor near Hofstra, LIRR, and highways.
      22 Fairview Blvd, Hempstead, NY 11550
      View Details
    • $799,000
      Pending

      West Hempstead Two-Family Home

      Well-maintained two-family home with rental income potential.
      618 Jennings Ave, West Hempstead, NY 11552
      View Details
    • $895,888
      1,936 SF

      Uniondale Mixed-Use Corner Property

      High-traffic mixed-use property with residential and retail components.
      701 Nostrand Ave, Uniondale, NY 11553
      View Details
    • New
      $1,450,000
      0.11 Acres

      East Meadow Mixed-Use Investment

      Fully occupied mixed-use building in East Meadow with income stability.
      220-226 East Meadow Ave, East Meadow, NY 11554
      View Details
    • $925,000
      0.07 Acres

      Mixed-Use Property in Hempstead, NY

      Profitable commercial property with retail and residential units in Hempstead.
      171 S Franklin St, Hempstead, NY 11550
      View Details
    • $1,350,000
      0.19 Acres

      Unique East Meadow Multifamily Opportunity

      Two legal dwellings on one property with multiple use options.
      557 Newbridge Rd, East Meadow, NY 11554
      View Details
    • $1,399,000
      0.17 Acres

      Renovated Four-Family Home

      Legal four-family home in Hempstead, recently renovated.
      136 Fairview Blvd, Hempstead, NY 11550
      View Details
    • $1,450,000
      0.05 Acres

      West Hempstead Mixed-Use Investment Opportunity

      Four-unit mixed-use corner building with detached two-car garage.
      352 Hempstead Ave, West Hempstead, NY 11552
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Deli/grocery for sale with great potential in Hempstead.
    Where is this grocery and convenience store located?
    The property is located at 76N Franklin St Hempstead, NY.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Deli/grocery for sale; - Located in a busy area; - Great potential
    (718) 819-7097
    Request Owner's contact information
    76N Franklin St Hempstead, NY 11550
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    76N Franklin St
    Hempstead, NY 11550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    76N Franklin St Hempstead, NY 11550
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Augusto O. Torres
    (718) 819-7097 (718) 552-2352
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!