11-Store Retail
158 Main Street, Hempstead, NY 11550
For Sale
$5,580,000
Pending
Commercial Sale, Hempstead, NY
Property Size22,753 SF
Lot Size0.42 Acres
Days on Market1058
Property Features for 158 Main Street
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Floors in Building
Listing Agency:
B Square Realty Inc
Listed By:
Li Li
(718) 939-8388
Added: Dec 18, 2023
Changed: Oct 5
Last Checked: Nov 9 at 10:06AM
MLS# L3521619
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 22,753-square-foot retail center containing 11 stores, with one currently vacant. The center occupies 0.4167 acres and is zoned Bus B, providing a multi-tenant configuration along Main Street.
The property is located next to a large parking lot and near the Hempstead LIRR station. Its Hempstead setting places the retail center within an established commercial area served by rail access and nearby parking.
The property is located next to a large parking lot and near the Hempstead LIRR station. Its Hempstead setting places the retail center within an established commercial area served by rail access and nearby parking.
Key Highlights
- 22,753‑square‑foot retail center
- 11‑store layout with one vacant store
- 0.4167‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$450,578
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,011,560
$9.0M
Cap Rate 7%
$6,436,829
$6.4M
Cap Rate 9%
$5,006,422
$5.0M
Market Conditions
NOI Build-Up for 22,753 SF
Gross rent
$682.6K $30.00/SF
− Vacancy
−$38.9K −$1.71/SF
EGI
$643.7K $28.29/SF
− OpEx
−$193.1K −$8.49/SF
NOI
$450.6K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,011,560
Cap Rate 7%
$6,436,829
Cap Rate 9%
$5,006,422
Alternative Uses
Best Use
Retail
$6.44M
$5.63M – $7.51M
NOI $450,578 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.04M
$13.16M – $17.55M
NOI $1,053,066 @ 7.0% cap · market cap 18.87%
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
Lease Details
90.9%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,781
Businesses Nearby
241k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Groceries 26%
Apparel 21%
Home Improvements & Furnishings 12%
T.J. Maxx
Apparel
37,575 visits/mo
0.5 miles
Aldi
Groceries
30,727 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
27,975 visits/mo
0.5 miles
Bravo Supermarkets
Groceries
16,794 visits/mo
0.4 miles
Key Food Supermarkets
Groceries
16,330 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- The Hub — 132-178 Fulton Ave, Hempstead, NY 11550
- Hempstead Village Commons — 340 peninsula blvd, hempstead, ny 11550
- Fulton Corner — 236 Fulton Ave, Hempstead, NY 11550
- Chino — 12 n franklin st, hempstead, ny 11550
- Clinton Plaza — 80 Clinton St, Hempstead, NY 11550
Frequently Asked Questions
What type of property is this?
Shopping center - Bus B-zoned retail center near the Hempstead LIRR station with adjacent parking access.
Where is this shopping center located?
The property is located at 158 Main Street Hempstead, NY.
What is the asking price?
The asking price for this property is $5,580,000.
What are key features of this property?
This property features: 22,753‑square‑foot retail center; 11‑store layout with one vacant store; 0.4167‑acre site
