Multi-Room Storefront
For Sale
$588,000
288 Hempstead Avenue, West Hempstead, NY 11552
The interior is arranged in multiple rooms, offering a varied commercial layout.
Property Size1,338 SF
Price / SF$439.46
Days on Market136
Property Features for 288 Hempstead Avenue
General Information
Standard status
Active
Size
1,338 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,225
Building Details
Building Size
1,338 SF
Buildings
1
Stories
1
Listing Agency:
Skylux Realty Inc
(718) 500-2231
Listed By:
Kenny Theam H. Tan ABR CIPS SRS C2
(917) 806-4383
Source:
Croninreale
Added: Jun 11
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
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 Skylux Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This West Hempstead storefront property has a multi-room interior and a full basement. The configuration provides distinct interior areas within a commercial space.
The property is on Hempstead Avenue, along a business corridor described as serving West Hempstead, with access to major roads and nearby neighborhoods.
The property is on Hempstead Avenue, along a business corridor described as serving West Hempstead, with access to major roads and nearby neighborhoods.
Key Highlights
- Multi‑room interior layout
- Full basement
- Located on Hempstead Avenue in West Hempstead
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,496
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,920
$529.9K
Cap Rate 7%
$378,514
$378.5K
Cap Rate 9%
$294,400
$294.4K
Market Conditions
NOI Build-Up for 1,338 SF
Gross rent
$40.1K $30.00/SF
− Vacancy
−$2.3K −$1.71/SF
EGI
$37.9K $28.29/SF
− OpEx
−$11.4K −$8.49/SF
NOI
$26.5K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,920
Cap Rate 7%
$378,514
Cap Rate 9%
$294,400
Alternative Uses
Best Use
Retail
$378.5K
$331.2K – $441.6K
NOI $26,496 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$884.7K
$774.1K – $1.03M
NOI $61,926 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Chase Bank
Shops & Services
5,576 visits/mo
0.1 miles
Webster Bank
Shops & Services
1,956 visits/mo
0.1 miles
Villagio
Dining
1,380 visits/mo
0.1 miles
Angelo's Pizza
Dining
468 visits/mo
0.2 miles
Demographics for 11552, NY
24,903
Population
7,736
Households
3.2
Avg Household Size
40
Median Age
47%
College-Educated
93%
High-School Grad
3.5 sq mi
ZIP Area
7,115
Density / Sq Mi
$153,192
Median Household Income
$58,371
Median Earnings
$3,185
Median Rent
$615,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Flowers Wedding Boutique, Inc. — 533 Pinebrook Ave, West Hempstead, NY 11552
Frequently Asked Questions
What type of property is this?
Storefront property - The interior is arranged in multiple rooms, offering a varied commercial layout.
Where is this storefront property located?
The property is located at 288 Hempstead Avenue West Hempstead, NY.
What is the asking price?
The asking price for this property is $588,000.
What are key features of this property?
This property features: Multi‑room interior layout; Full basement; Located on Hempstead Avenue in West Hempstead
