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    Front Office Suite with Overhead Door Access Title is generated by Realmo AI

    13 Hendrickson Avenue, Lynbrook, NY 11563

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    For Lease
    $7,450 /Mo

    Well-lit office suite with separate climate control, parking, and rear warehouse space with an overhead door.

    Type:Commercial
    Added:
    May 20, 2025
    Days on Market:
    381
    Last Refresh:
    Jun 4 at 1:49 am

    Property Features for 13 Hendrickson Avenue

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    BRIAN E. LEWIS SRES

    Listing agent BRIAN E. LEWIS SRES

    Listing office EXP REALTY

    Listing date May 20, 2025

    Source Corcoran

    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 EXP REALTY

    HighLights

    • 1950‑built office building with glass lobby, keyless entry, and cameras throughout
    • Front office space up to 2,600± SF with separate heat/AC, full bath, half bath, and pantry area
    • Front rent $7,450/month includes utilities and CAM (listed rate $35/SF per month)
    • Rear space ~1,100 SF with separate heat/AC, 2 offices, warehouse, half bath, and 9'-9" x 8'-9" overhead rear door
    • Parking for 12 cars
    • Located at the Lynbrook 5 corners with transit nearby: 0.8 miles to Lynbrook train and 0.7 miles to Malverne LIRR; multiple bus stops on the corner

    Overview

    This property offers a flexible office-and-warehouse configuration within a single building. The front of the building provides up to 2,600+- square feet of office space for rent, with separate heat/air, a full bath with shower, a half bath, and a pantry area. The rear portion is currently rented and includes about 1,100 square feet of space with separate heat/air, two offices, a warehouse area, a 9'-9" x 8'-9" overhead door, and a half bath. The pantry area that was previously in the back was removed but can be reinstalled, and the building features high ceilings, extensive natural light, and a glass lobby with keyless entry and cameras throughout.

    The building is located near the Lynbrook “5 corners” area, with multiple bus stops on the corner. Transit access is also described as 0.8 miles to the Lynbrook train and 0.7 miles to the Malverne LIRR, supporting convenient day-to-day access for staff and visitors. Parking is provided for 12 cars.

    For tenants seeking a professional office setup alongside light warehouse capabilities, the front office layout supports client-facing work with multiple restrooms and pantry space, while the rear provides a functional warehouse component with a loading door. The owner indicates the front office area may be subdivided into smaller offices for the right deal, which can help accommodate a range of office team sizes.
    Location Intelligence

    Current Use by Public Records

    Weather Champions Ltd Hardware & Home Improvement Ecological Laboratories Inc. Corporate Office

    Suggested Use

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

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

    Similar Places Nearby

    • P Twelve — 12 Watkins St, Lynbrook, NY 11563
    • Kane Kutterz, Savory Caribbean Food Truck — Food Truck, Malverne, NY 11565
    • St.Marys Maris/Stella Knights of Columbus — 78 Hempstead Ave, Lynbrook, NY 11563
    • The Waffle Chic Inc — 32 Atlantic Ave, Lynbrook, NY 11563
    • Ked Food Services Corporation — 150 Denton Ave, Lynbrook, NY 11563

    Location Insight

    • Map
    • Local Demand
    City
    Lynbrook
    County
    Nassau
    State
    New York
    Longitude
    -73.673043
    Latitude
    40.666332

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    FAQs

    What type of property is this?
    Flex space - Well-lit office suite with separate climate control, parking, and rear warehouse space with an overhead door.
    Where is this flex space located?
    The property is located at 13 Hendrickson Avenue Lynbrook, NY.
    What is the lease rate?
    The lease rate is $7,450 /Mo.
    What are key features of this property?
    This property features: 1950‑built office building with glass lobby, keyless entry, and cameras throughout; Front office space up to 2,600± SF with separate heat/AC, full bath, half bath, and pantry area; Front rent $7,450/month includes utilities and CAM (listed rate $35/SF per month)
    (888) 276-0630
    We can help!
    Listing Contact
    BRIAN E. LEWIS SRES
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    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.

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