First-Floor Medical Office
For Sale
$325,000
230 Hilton Avenue Ste 105, Hempstead, NY 11550
Reception area, nine rooms, two baths, central air and heat, plus elevator access.
Property Size1,500 SF
Price / SF$216.67
Days on Market14
Property Features for 230 Hilton Avenue Ste 105
General Information
Standard status
Active
Size
1,500 SF
Elevators
Yes
Additional Details
Floor
First Floor
Building Details
Tenancy
Single
Listing Agency:
Keller Williams Landmark II
(718) 749-9192
Listed By:
Vincent Thompson
Source:
Focusreg
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 28 at 2:49PM
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 Landmark II
Investment Insights
Based on property information with market context.
Suite 105 at 230 Hilton Avenue provides approximately 1,500 square feet of first-floor medical office space. The existing layout includes a reception and waiting area, nine rooms, two baths, central air and heat, and elevator access. The premises are currently configured for a Nurse Practitioner office, supporting continued medical use or adaptation for professional services.
The building provides 200 parking spaces for occupants and visitors. Located in Hempstead, New York, the property offers an established office setting with a practical room count and existing reception infrastructure.
The building provides 200 parking spaces for occupants and visitors. Located in Hempstead, New York, the property offers an established office setting with a practical room count and existing reception infrastructure.
Key Highlights
- Approximately 1,500 square feet of first‑floor medical office space
- Nine rooms with a reception and waiting area
- Two baths and central air and heat
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
$26,316
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
8.10%
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%
$526,320
$526.3K
Cap Rate 7%
$375,943
$375.9K
Cap Rate 9%
$292,400
$292.4K
Market Conditions
NOI Build-Up for 1,500 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
$50.9K $33.96/SF
− Vacancy
−$7.1K −$4.72/SF
EGI
$43.9K $29.24/SF
− OpEx
−$17.5K −$11.70/SF
NOI
$26.3K $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%
$526,320
Cap Rate 7%
$375,943
Cap Rate 9%
$292,400
Alternative Uses
Best Use
Healthcare Medical
$375.9K
$329.0K – $438.6K
NOI $26,316 @ 7.0% cap · market cap 8.10%
Second Best
Office B
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 7.94%
Theoretical Best
Specialty Retail
$991.8K
$867.8K – $1.16M
NOI $69,424 @ 7.0% cap · market cap 21.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,867
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception area, nine rooms, two baths, central air and heat, plus elevator access.
Where is this medical office space located?
The property is located at 230 Hilton Avenue Ste 105 Hempstead, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approximately 1,500 square feet of first‑floor medical office space; Nine rooms with a reception and waiting area; Two baths and central air and heat
