Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    183 Orchard St Hempstead, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial land in downtown Hempstead with ample parking and accessibility.

    Type:LAND
    Property size:
    4,000 SF
    Lot size:
    0.34 Acres
    Added:
    Nov 26, 2024
    Days on Market:
    515
    Last Refresh:
    Apr 5 at 11:12 pm

    Property Features for 183 Orchard St

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.34 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 183 Orchard St Contact us

    We can help!

    Listing Contact
    Kenneth Breslin

    Listing agent Kenneth Breslin

    Listing office Sabre Real Estate Group, LLC

    Listing date Nov 26, 2024

    Source Moodyscre

    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 Sabre Real Estate Group, LLC

    Overview

    Hempstead Commercial Land For Rent

    Located in downtown Hempstead, this commercial land offers close proximity to Garden City and West Hempstead. The location benefits from ample parking and regional highway accessibility. The area has favorable office and residential demographics. Traffic count is approximately 31,000 vehicles per day on Fulton Avenue/Hempstead Turnpike. The property size is 4,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6283
    Latitude
    40.7066

    Nearby Similar for Lease

    • $3,700/Mo

      Renovated Commercial Space on Fulton

      Turnkey commercial space in prime location with ample parking.
      72 Fulton Avenue, Hempstead, NY 11550
      View Details
    • $5,500/Mo

      Hempstead Office Space For Rent

      2,575 SF office space with private entrance available for rent.
      218 Front Street, Hempstead, NY 11550
      View Details
    • $3,500/Mo

      Retail/Office Space in Hempstead, NY

      New retail/office space in prime Hempstead location.
      283 Clinton Street, Hempstead, NY 11550
      View Details
    • $9,999/Mo

      Hempstead Showroom/Storage Space Available

      3,000 SF showroom/storage space in high-traffic Hempstead location.
      218 Front Street, Hempstead, NY 11550
      View Details
    • $2,800/Mo

      Storefront in Busy Hempstead Area

      Storefront opportunity in a busy area with basement storage.
      105 Westbury Boulevard, Hempstead, NY 11550
      View Details
    • $25 SF/Yr

      Long Island Warehouse Opportunity

      Warehouse space near Roosevelt Field Mall with flexible layout.
      603 Chestnut Street, Hempstead, NY 11530
      View Details
    • $2,750/Mo

      Move-in Ready Commercial Space

      Second-floor commercial space with private offices and excellent visibility.
      32 Main St, Hempstead, NY
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Versatile space in a vibrant commercial district, Hempstead, NY.
      290 Peninsula Blvd, Hempstead, NY 11550
      View Details
    • $44 SF/Yr

      High-Visibility Commercial Space Available

      Prime location with high traffic and private parking.
      1717 Hempstead Turnpike, Hempstead, NY 11003
      View Details
    • $23 SF/Yr

      East Meadow Office/Retail Space

      High-traffic location ideal for office or retail use.
      2242 Hempstead Turnpike, North Hempstead, NY 11554
      View Details
    • $1.32 SF/Yr

      Educational Facility Ready For Lease

      Turnkey educational facility with classrooms, gymnasium, and playground.
      90 Henry Street, Hempstead, NY 11096
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with high traffic and ample parking available.
      80 Clinton St, Hempstead, NY
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land in downtown Hempstead with ample parking and accessibility.
    Where is this land located?
    The property is located at 183 Orchard St Hempstead, NY.
    What are key features of this property?
    This property features: High traffic count (approximately 31,000 vehicles per day) ensures excellent visibility.; Ample parking available for customers and employees.; Excellent office and residential demographics surround the location.
    (516) 874-8070 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kenneth Breslin
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!