Professional Medical Office
For Sale
$229,888
230 Hilton Avenue #9, Hempstead, NY 11550
Well-maintained office condo with 24/7 access, dual entrances, and handicap accessibility, plus private restrooms and on-site security.
Property Size611 SF
Days on Market77
Property Features for 230 Hilton Avenue #9
General Information
Standard status
Active
Size
611 SF
Class
B
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,186
Amenities
24/7 access
dual entrances
handicap accessibility
full surveillance systems
24-hour security
common conference room
private restrooms
utilities included
Building Details
Building Size
611 SF
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty Liberty
(347) 257-9475
Listed By:
Sher Singh MRP · License #10301219683
(347) 257-9475
Source:
Cohenandcohenrealty
Added: May 25
Changed: Aug 8
Last Checked: Aug 9 at 2:01PM
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 Keller Williams Realty Liberty
Investment Insights
Based on property information with market context.
This well-maintained professional and medical office condo is designed with day-to-day usability in mind, offering a smart, efficient layout with dual entrances and handicap accessibility throughout. The space includes private restrooms and access to a common conference room for meetings and collaboration. Security and convenience are supported by full surveillance systems and 24-hour security, and the building provides 24/7 access for occupants.
For practical operations, the property features a large parking lot for staff and visitors. Ownership also includes low HOA fees and taxes, and utilities are listed as included, including water, trash, heat, and cooling.
Suite-level flexibility is reinforced by the presence of dual entrances, while the combination of private restrooms, controlled access, and shared conference space supports professional use in both office and medical environments.
For practical operations, the property features a large parking lot for staff and visitors. Ownership also includes low HOA fees and taxes, and utilities are listed as included, including water, trash, heat, and cooling.
Suite-level flexibility is reinforced by the presence of dual entrances, while the combination of private restrooms, controlled access, and shared conference space supports professional use in both office and medical environments.
Key Highlights
- Well‑maintained professional/medical office condo with 24/7 access for business use
- Dual entrances and handicap accessibility throughout
- Private restrooms plus a common conference room for meetings and collaboration
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
$10,719
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
4.66%
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%
$214,380
$214.4K
Cap Rate 7%
$153,129
$153.1K
Cap Rate 9%
$119,100
$119.1K
Market Conditions
NOI Build-Up for 611 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
$20.7K $33.96/SF
− Vacancy
−$2.9K −$4.72/SF
EGI
$17.9K $29.24/SF
− OpEx
−$7.1K −$11.70/SF
NOI
$10.7K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
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%
$214,380
Cap Rate 7%
$153,129
Cap Rate 9%
$119,100
Alternative Uses
Best Use
Healthcare Medical
$153.1K
$134.0K – $178.7K
NOI $10,719 @ 7.0% cap · market cap 4.66%
Second Best
Office B
$150.1K
$131.3K – $175.1K
NOI $10,506 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$404.0K
$353.5K – $471.3K
NOI $28,279 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,867
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office condo with 24/7 access, dual entrances, and handicap accessibility, plus private restrooms and on-site security.
Where is this office units located?
The property is located at 230 Hilton Avenue #9 Hempstead, NY.
What is the asking price?
The asking price for this property is $229,888.
What are key features of this property?
This property features: Well‑maintained professional/medical office condo with 24/7 access for business use; Dual entrances and handicap accessibility throughout; Private restrooms plus a common conference room for meetings and collaboration
