Renovated Retail Property For
For Sale
Contact for pricing
180 Hempstead Turnpike, West Hempstead, NY
Retail property with renovated basement and high-traffic location.
Property Size8,800 SF
Lot Size0.14 Acres
Price / SF$227.16
Days on Market413
Property Features for 180 Hempstead Turnpike
General Information
Standard status
Active
Size
8,800 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Listing Agency:
American Investment Properties, Inc.
(516) 393-2300
Listed By:
Dawn Assael Gingold
(917) 696-3630
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:28AM
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 American Investment Properties, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is currently owner-occupied and the owner is looking to vacate upon sale. The property features a fully renovated basement with high ceilings. Located on Hempstead Turnpike, the location benefits from high traffic counts of 23,047 cars per day. The property size is 8,800 square feet.
Key Highlights
- Fully renovated basement with high ceilings
- Owner‑occupied, ensuring the property is well‑maintained
- High traffic counts on Hempstead Tpke: 23,047 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,266
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,485,320
$3.5M
Cap Rate 7%
$2,489,514
$2.5M
Cap Rate 9%
$1,936,289
$1.9M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$264.0K $30.00/SF
− Vacancy
−$15.0K −$1.71/SF
EGI
$249.0K $28.29/SF
− OpEx
−$74.7K −$8.49/SF
NOI
$174.3K $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%
$3,485,320
Cap Rate 7%
$2,489,514
Cap Rate 9%
$1,936,289
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.90M
NOI $174,266 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.82M
$5.09M – $6.79M
NOI $407,286 @ 7.0% cap · market cap 20.37%
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
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
189k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 45%
Apparel 6%
Dollar Tree
Shops & Services
30,973 visits/mo
0.1 miles
Shell
Shops & Services
20,198 visits/mo
0.2 miles
Wendy's
Dining
16,656 visits/mo
0.3 miles
Dunkin' Donuts
Dining
16,188 visits/mo
0.4 miles
McDonald's
Dining
14,725 visits/mo
0.4 miles
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
- Elena's Florist — 167 Hempstead Ave, West Hempstead, NY 11552
- Elena's Florist — 163 hempstead ave, west hempstead, ny 11552
- The iCraft Studio — 163 Hempstead Turnpike, West Hempstead, NY 11552
- Stop & Shop Florist — 132 Fulton Ave, Hempstead, NY 11550
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property with renovated basement and high-traffic location.
Where is this storefront property located?
The property is located at 180 Hempstead Turnpike West Hempstead, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Fully renovated basement **with high ceilings**; Owner‑occupied, ensuring the property is well‑maintained; High traffic counts on Hempstead Tpke: 23,047 cars per day
