Mixed-Use Property with Drive-In
For Sale
$1,100,000
2425 Long Beach Road, Hempstead, NY 11572
Two-story commercial space combines warehouse areas with dedicated office space and on-site parking.
Property Size4,740 SF
Price / SF$232.07
Days on Market25
Property Features for 2425 Long Beach Road
General Information
Standard status
Active
Size
4,740 SF
Property subtype
Mixed Use
Additional Details
Utilities to Site
Yes
Drive-In Doors
1
Property Use
Flex
Building Details
Year Built
1954
Buildings
1
Stories
2
Building Size
4,740 SF
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Gregory Zaurov · License #10401316515
(516) 401-8821
Source:
Neilcharlesrealestate
Added: Oct 7
Changed: Oct 30
Last Checked: Oct 30 at 2:10AM
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 Real Broker NY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 4,740 square feet of warehouse and commercial space, with a dedicated office area. A drive-in garage door provides loading access, and parking is available on site. The building also has central air conditioning, forced-air heat, public water, and public sewer. Built in 1954, the property offers a combination of work and office areas within one building.
Key Highlights
- 4,740‑square‑foot, two‑story mixed‑use building
- Warehouse and commercial areas with a dedicated office space
- Drive‑in garage door for loading access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,372
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,440
$1.6M
Cap Rate 7%
$1,176,743
$1.2M
Cap Rate 9%
$915,244
$915.2K
Market Conditions
NOI Build-Up for 4,740 SF
Gross rent
$104.1K $21.96/SF
− Vacancy
−$7.2K −$1.52/SF
EGI
$96.9K $20.44/SF
− OpEx
−$14.5K −$3.07/SF
NOI
$82.4K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,440
Cap Rate 7%
$1,176,743
Cap Rate 9%
$915,244
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.37M
NOI $82,372 @ 7.0% cap · market cap 7.49%
Second Best
Industrial
$969.1K
$848.0K – $1.13M
NOI $67,836 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.66M
NOI $219,379 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 11572, NY
31,157
Population
10,811
Households
2.9
Avg Household Size
44
Median Age
48%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
6,491
Density / Sq Mi
$144,419
Median Household Income
$61,627
Median Earnings
$2,118
Median Rent
$627,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial space combines warehouse areas with dedicated office space and on-site parking.
Where is this mixed-use property located?
The property is located at 2425 Long Beach Road Hempstead, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,740‑square‑foot, two‑story mixed‑use building; Warehouse and commercial areas with a dedicated office space; Drive‑in garage door for loading access
