135 Rockaway Turnpike, Lawrence, NY 11559

Listing Agency: EOM Realty Advisors LLC a***@levkovichlaw.com Show Phone

Listed By: Marc Jeret · License #10401368899 Show Phone

Source: Neilcharlesrealestate

Added: Oct 12 Changed: Nov 7 Last Checked: Nov 7 at 3:57PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This renovated office suite offers approximately 75 square feet of workspace. Utilities and high-speed internet are included, and parking is available for occupants.

The suite is at 135 Rockaway Turnpike in Hempstead, New York.

Key Highlights

• Approximately 75 square feet of renovated office space
• Utilities and high‑speed internet included
• Parking available

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,290

Suggested Prices Based on Cap Rates

Cap Rate 5%

$25,800 $25.8K

Cap Rate 7%

$18,429 $18.4K

Cap Rate 9%

$14,333 $14.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 75 SF

Gross rent

$2.1K $27.96/SF

− Vacancy

−$377 −$5.03/SF

EGI

$1.7K $22.93/SF

− OpEx

−$430 −$5.73/SF

NOI

$1.3K $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 Rate 5%

$25,800

Cap Rate 7%

$18,429

Cap Rate 9%

$14,333

Alternative Uses

Best Use

Office B

$18.4K

$16.1K – $21.5K (±1% cap)

NOI $1,290 @ 7.0% cap · market cap 151.94%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$49.6K

$43.4K – $57.9K (±1% cap)

NOI $3,471 @ 7.0% cap · market cap 408.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Five Towns Plastic ... Medical Clinic Glatt Daniel DDS Dental Office Operant Systems Inc. (Bike/Boat/Book/etc) Store Lawrence Physical Therapy ... Physician Dr. Raul Mendoza, ... Physician

Suggested Use

Top Pick Pet Grooming Service Tattoo & Piercing Shop Nursing Home Real Estate Agency Pet Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,396

Businesses Nearby

Explore this area Business Placement

Demographics for 11559, NY

8,709

Population

2,849

Households

3.1

Avg Household Size

36

Median Age

56%

College-Educated

89%

High-School Grad

4.2 sq mi

ZIP Area

2,074

Density / Sq Mi

$156,429

Median Household Income

$70,023

Median Earnings

$2,031

Median Rent

$1,108,200

Median Home Value

Market

Average Price Trend$/SF for Office Units in Nassau County, NY

$361 Jul

$264 Aug

$240 Sep

$162 Oct

Properties on Market for Office Units in Nassau County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Utilities and high-speed internet are included, with parking available for the office.

Where is this office unit located?

The property is located at 135 Rockaway Turnpike Lawrence, NY.

What are key features of this property?

This property features: Approximately 75 square feet of renovated office space; Utilities and high‑speed internet included; Parking available