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 Market344
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: Aug 8
Last Checked: Aug 19 at 3:20PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$174,266
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
