Renovated Retail Property For
180 Hempstead Turnpike West Hempstead, NY
For Sale
Contact for pricing
Retail property with renovated basement and high-traffic location.
Property Size8,800 SF
Lot Size0.14 Acres
Price / SF$227.16
Days on Market323
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.
(917) 696-3630
Listed By:
Dawn Assael Gingold · License #31K00933350
(917) 696-3630
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:47AM
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.
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.0k | $30.00 |
| − Vacancy | −$15.0k | −$1.71 |
| EGI | $249.0k | $28.29 |
| − OpEx | −$74.7k | −$8.49 |
| NOI | $174.3k | $19.80 |
8,800 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- The iCraft Studio — 163 Hempstead Turnpike, West Hempstead, NY 11552
- Elena's Florist — 167 Hempstead Ave, West Hempstead, NY 11552
- Stop & Shop Florist — 132 Fulton Ave, Hempstead, NY 11550
- Elena's Florist — 163 hempstead ave, west hempstead, ny 11552
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
