Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Suite in Glen Cove Title is generated by Realmo AI

    15 1/2 Glen St 203, Glen Cove, NY 11542

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Well-located, renovated office suite in the heart of Glen Cove.

    Type:Commercial
    Added:
    Apr 16, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 16 at 11:47 pm

    Property Features for 15 1/2 Glen St 203

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1897

    We can help!

    Listing Contact
    Giuseppe Gregorio
    Giuseppe Gregorio

    Listing agent Giuseppe Gregorio License #10301214544

    Listing office NY Space Finders

    Listing date Apr 16, 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 NY Space Finders

    HighLights

    • Prime location in the heart of Glen Cove's vibrant business district, surrounded by shops, restaurants, banks, and services.
    • Ample, free municipal parking directly behind the building and along Glen Street.
    • Recently renovated (2023) elevator building with well‑maintained common areas.
    • Excellent natural light from windows facing Glen Street.
    • Minutes from Glen Cove LIRR station for easy commuting to NYC.
    • Functional layout with central HVAC.

    Overview

    Located in the heart of Glen Cove's vibrant business district, this second-floor office suite at 15 1/2 Glen Street offers a functional layout with central HVAC and access to common hallway restrooms. The suite, located in a well-maintained elevator building fully renovated in 2023, features windows facing Glen Street, providing natural light and an inviting workspace. Ample municipal parking is available directly behind the building and along Glen Street, offering a valuable amenity for employees and visitors. The property is minutes from the Glen Cove LIRR station, providing access for commuters traveling to and from New York City and surrounding areas. Surrounded by local shops, restaurants, banks, and essential services, this location provides resources for businesses in an accessible and active downtown setting. The property has a walk score of 82, indicating it is very walkable, a bike score of 31, indicating it is somewhat bikeable, and a transit score of 26, indicating some transit options are available. The suite can be combined with suite #204.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Cove
    County
    Nassau
    State
    New York
    Longitude
    -73.6309596
    Latitude
    40.8642089

    Nearby Similar for Lease

    • $4,500/Mo

      Glen Cove Work/Live Space

      Unique work/live space suitable for various business and residential purposes.
      122 Forest Avenue, Glen Cove, NY 11542
      View Details
    • $1,850/Mo

      Glen Cove Office Space Available

      Office space with conference room, reception, and private offices.
      Cedar Swamp Rd, Glen Cove, NY 11542
      View Details
    • $1,100/Mo
      1,150 SF

      Glen Cove Storage Space

      Lower level storage space in Glen Cove available for rent.
      34 Glen St Rear, Glen Cove, NY 11542
      View Details
    • $35 SF/Yr

      Glen Cove Retail Storefront Opportunity

      Well-located retail storefront in the heart of Glen Cove.
      64 School St, Glen Cove, NY 11542
      View Details
    • $3,800/Mo
      2,700 SF

      Prime Retail Space in Glen Cove

      2,700 SF retail space in downtown Glen Cove.
      Glen St 14-20, Glen Cove, NY
      View Details
    • $3,500/Mo

      Office Suite with Private Office

      Downtown office suite with private office, bullpen, break area, and private bath, with CAM included and no fee.
      58 school st, Glen Cove, NY 11542
      View Details
    • $35 SF/Yr
      4,100 SF

      Glen Cove Office Space Available

      Newly remodeled office spaces in the heart of Glen Cove.
      50 School St, Glen Cove, NY, 11542-2534
      View Details
    • $12 SF/Yr

      Glen Cove Apartment with Amenities

      Well-maintained 2-bedroom apartment with included utilities in Glen Cove.
      45 Wolfle St 2, Glen Cove, NY 11542
      View Details
    • $2,600/Mo

      Spacious Apartment with Bonus Room

      Second-floor apartment featuring a bonus room, driveway parking, and in-unit laundry.
      34 Smith Street Smith, Glen Cove, NY 11542
      View Details
    • $3,800/Mo
      1,400 SF

      Glen Cove Commercial Space Available

      Prime commercial space in downtown Glen Cove, suitable for various businesses.
      14 Glen St, Glen Cove, NY, 11542-2739
      View Details
    • $2,200/Mo

      Secure Office Space with View

      Office unit for rent in secure building with scenic views.
      10 Cedar Swamp Rd Ste 1, Glen Cove, NY, 11542-3746
      View Details
    • Contact for pricing
      2,100 SF

      Glen Cove Retail Space Available

      Neighborhood center in downtown Glen Cove with excellent visibility.
      71-121 School St, Glen Cove, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Well-located, renovated office suite in the heart of Glen Cove.
    Where is this office units located?
    The property is located at 15 1/2 Glen St 203 Glen Cove, NY.
    What are key features of this property?
    This property features: Prime location in the heart of Glen Cove's vibrant business district, surrounded by shops, restaurants, banks, and services.; Ample, free municipal parking directly behind the building and along Glen Street.; Recently renovated (2023) elevator building with well‑maintained common areas.
    (516) 840-8029
    We can help!
    Listing Contact
    Giuseppe Gregorio
    Giuseppe Gregorio
    Real Estate License ID: 10301214544
    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

    Thank You for Inquiry
    15 1/2 Glen St 203, Glen Cove, NY 11542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!