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

    83 Roosevelt Ave Valley Stream, NY 11581

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,900 /Mo

    Storefront with natural light, near transportation and highways.

    Type:Commercial
    Added:
    Apr 23, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 23 at 4:00 am

    Property Features for 83 Roosevelt Ave

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    Edna Edelman
    Edna Edelman

    Listing agent Edna Edelman

    Listing office Bella Mia Realty LLC

    Listing date Apr 23, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Bella Mia Realty LLC

    Overview

    Bright Storefront Near Valley Stream

    This storefront property benefits from abundant natural light. It is located one block from Valley Stream station and offers convenient access to the Belt Parkway, JFK Airport, and other major highways. The location has a walk score of 91, indicating it is a walker's paradise. The bike score is 52, meaning it is bikeable. The transit score is 58, reflecting good transit options.
    Location Intelligence

    Current Use by Public Records

    Small Torguq Motor ... Car Racing Track Tcs Dental Training ... Dental Office

    Suggested Use

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

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

    Similar Places Nearby

    • Wild Iris Inc — 70 Sunrise Hwy, Valley Stream, NY 11580

    Location Insight

    • Map
    • Local Demand
    City
    Valley Stream
    County
    Nassau
    State
    New York
    Longitude
    -73.703966
    Latitude
    40.659241

    Nearby Similar for Lease

    • $2,000/Mo

      Renovated Office Space Near LIRR

      Renovated office space in Valley Stream, utilities included.
      5 Sunrise Plaza, Valley Stream, NY 11580
      View Details
    • $8,460/Mo

      Valley Stream Office Space Available

      Office space for rent, available June 15, 2026.
      64 S Central Avenue, Valley Stream, NY 11580
      View Details
    • $4,475/Mo

      Valley Stream Commercial Space Available

      Commercial space for rent in Valley Stream, New York.
      66-68 S central Avenue, Valley Stream, NY 11580
      View Details
    • $6,000/Mo

      Valley Stream Office Space Available

      2100 sqft office space in downtown Valley Stream.
      11 E Hawthorne Avenue, Valley Stream, NY 11580
      View Details
    • $1,000/Mo

      Valley Stream Office Space Available

      Second floor office space for rent in Valley Stream.
      475 W Merrick Road, Valley Stream, NY 11580
      View Details
    • $3,000/Mo

      Valley Stream Renovated Office Space

      Renovated office space near transportation in Valley Stream, NY.
      124 Rockaway Avenue, Valley Stream, NY 11580
      View Details
    • $2,000/Mo

      Renovated Office Space Near LIRR

      Recently renovated office space in Valley Stream, utilities included.
      5 Sunrise Plz Suite 207, Valley Stream, NY 11580
      View Details
    • $5,000/Mo

      Valley Stream First-Floor Office Space

      1,800 SF office space with flexible layout on Merrick Road.
      550 W Merrick Rd, Valley Stream, NY 11580
      View Details
    • $3,500/Mo

      Versatile Commercial Space in Valley Stream

      1660 sq ft space suitable for office, retail, distribution.
      139 N Central Ave 5, Valley Stream, NY 11580
      View Details
    • $3,000/Mo

      Renovated Office Near Transportation

      Recently renovated office space with convenient access to transportation.
      124 Rockaway Ave, Valley Stream, NY 11580
      View Details
    • Sponsored
      Contact for pricing

      Valley Stream

      70 Sunrise Hwy, Unit 500, Valley Stream, NY 11581
      View Details
    • $14,000/Mo

      Historic Valley Stream Commercial Building

      Free-standing building in the heart of the business district.
      235 Rockaway Avenue, Valley Stream, NY 11580
      View Details

    FAQs

    What type of property is this?
    Storefront property - Storefront with natural light, near transportation and highways.
    Where is this storefront property located?
    The property is located at 83 Roosevelt Ave Valley Stream, NY.
    What is the lease rate?
    The lease rate is $2,900 /Mo.
    What are key features of this property?
    This property features: Walker's Paradise: With a Walk Score of 91, enjoy excellent walkability.; Good Transit: Benefit from convenient access to public transportation with a Transit Score of 58.; Proximity to Valley Stream Station: Located just one block from the train station.
    (516) 984-0169
    We can help!
    Listing Contact
    Edna Edelman
    Edna Edelman
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!