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    Corner Retail-Office Suite Title is generated by Realmo AI

    281 Broadway, Bethpage, NY 11714

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    For Lease
    $3,700/Mo $44 SF/Yr (calc)

    Corner retail space with adjoining office area, a private bathroom, and convenient parking access in Bethpage.

    Type:Commercial
    Property size:
    1,000 SF
    Added:
    Aug 29, 2025
    Days on Market:
    280
    Last Refresh:
    Jun 4 at 1:42 am

    Property Features for 281 Broadway

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    MARY M. MACALUSO
    MARY M. MACALUSO

    Listing agent MARY M. MACALUSO License #30MA0942002

    Listing office COMPASS GREATER NY LLC

    Listing date Aug 29, 2025

    Source Corcoran

    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 COMPASS GREATER NY LLC

    HighLights

    • Approx. 1,000 SF corner retail space on Broadway in Bethpage with adjoining office area
    • Brick facade and curb appeal
    • Includes a private bathroom
    • Provides access to on‑site parking
    • Previously used as a showroom
    • Additional storage space available (not included in the current lease)

    Overview

    The space offers a versatile, multi-use setup with approximately 1,000 square feet of corner retail area plus included office space. The layout includes a bathroom and direct access to parking. The building features a brick facade with curb appeal, and the space was previously used as a showroom.

    Located on Broadway in the heart of Bethpage, the property is positioned for day-to-day customer and business access. In addition to the in-place space, there is access to additional storage that is not included in the current lease, which may be useful depending on the operating needs of the tenant.

    This suite is well suited for businesses looking for a retail storefront combined with on-site office support, such as showroom-oriented operations or customer-facing service users that benefit from dedicated office space and a restroom in the same location. The combination of corner visibility, brick frontage, and parking access can support a broad range of retail and light office uses, subject to applicable lease terms and approvals.
    Location Intelligence

    Current Use by Public Records

    aristakitchens.com Hardware & Home Improvement SERVPRO of Levittown, Bethpage Hardware & Home Improvement Bethpage Garbage Collection ... Waste Management Facility Beautiful Souls PMU Medical Clinic Union Mutual Mortgage Loan Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethpage
    County
    Nassau
    State
    New York
    Longitude
    -73.479985
    Latitude
    40.740237

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    FAQs

    What type of property is this?
    Storefront property - Corner retail space with adjoining office area, a private bathroom, and convenient parking access in Bethpage.
    Where is this storefront property located?
    The property is located at 281 Broadway Bethpage, NY.
    What is the lease rate?
    The lease rate is $3,700 /Mo.
    What are key features of this property?
    This property features: Approx. 1,000 SF corner retail space on Broadway in Bethpage with adjoining office area; Brick facade and curb appeal; Includes a private bathroom
    (516) 517-4866
    We can help!
    Listing Contact
    MARY M. MACALUSO
    MARY M. MACALUSO
    Real Estate License ID: 30MA0942002
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    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.

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