Professional/Medical Condo
For Sale
$229,888
230 Hilton Ave 9, Hempstead, NY 11550
Well-maintained condo with 24/7 access, ideal for business owners.
Property Size611 SF
Days on Market106
Property Features for 230 Hilton Ave 9
General Information
Standard status
Active
Size
611 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,186
Building Details
Building Size
611 SF
Listing Agency:
Keller Williams Realty Liberty
(646) 354-0799
Listed By:
Chatter Singh · License #10301219683
(646) 354-0799
Source:
Elliman
Added: May 14
Changed: Aug 7
Last Checked: Aug 26 at 9:20AM
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 Keller Williams Realty Liberty
Investment Insights
Based on property information with market context.
This professional or medical condo is designed for business owners, practitioners, and investors. The well-maintained space offers 24/7 access, a smart and efficient layout, and dual entrances. Handicap accessibility is provided throughout the property. Security features include full surveillance systems and 24-hour security. A common conference room is available for meetings and collaboration. The property includes private restrooms and a large parking lot for staff and visitors. Utilities, including water, trash, heat, and cooling, are included. Located in an area supported by strong demographics and continued growth, this property offers equity opportunity with upside potential and long-term appreciation. The location has a bike score of 61, indicating it is bikeable. The walk score is 89, meaning it is very walkable, and the transit score is 62, indicating good transit options.
Key Highlights
- Opportunity to build equity and own commercial property instead of renting.
- Benefit from 24/7 access and 24‑hour security with full surveillance systems.
- Smart, efficient layout with dual entrances and handicap accessibility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$210,120
$210.1K
Cap Rate 7%
$150,086
$150.1K
Cap Rate 9%
$116,733
$116.7K
Market Conditions
NOI Build-Up for 611 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.1K $27.96/SF
− Vacancy
−$3.1K −$5.03/SF
EGI
$14.0K $22.93/SF
− OpEx
−$3.5K −$5.73/SF
NOI
$10.5K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$210,120
Cap Rate 7%
$150,086
Cap Rate 9%
$116,733
Alternative Uses
Best Use
Office B
$150.1K
$131.3K – $175.1K
NOI $10,506 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$404.0K
$353.5K – $471.3K
NOI $28,279 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,867
Businesses Nearby
Explore this area
Business Placement
Demographics for 11550, NY
61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained condo with 24/7 access, ideal for business owners.
Where is this office units located?
The property is located at 230 Hilton Ave 9 Hempstead, NY.
What is the asking price?
The asking price for this property is $229,888.
What are key features of this property?
This property features: Opportunity to build equity and own commercial property instead of renting.; Benefit from 24/7 access and 24‑hour security with full surveillance systems.; Smart, efficient layout with dual entrances and handicap accessibility.
