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    Ground-Floor Medical Office Suite Title is generated by Realmo AI

    288 Hempstead Avenue, West Hempstead, NY 11552

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    New
    For Lease
    $4,200/Mo $18 SF/Yr (calc)

    COMMERCIAL - West Hempstead, NY

    Property size:
    2,760 SF
    Lot size:
    0.05 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 288 Hempstead Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Rooms
    Basement
    Basement
    Full
    Standard status
    Active
    APN
    2089-35-383-00-0274-0
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10404

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1926
    Building materials
    Brick

    We can help!

    Listing Contact
    Kenny Theam H. Tan ABR CIPS SRS C2

    Listing agent Kenny Theam H. Tan ABR CIPS SRS C2 License #10311210013

    Listing office Skylux Realty Inc 55 Northern Blvd Suite 302, FLUSHING, NY

    Listing date Jun 3, 2026

    MLS# 1008455

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 2,760 SF professional storefront space for lease at 288 Hempstead Ave, West Hempstead, NY 11552
    • Flexible layout with 5 private rooms/offices for uses such as treatment rooms, offices, or collaborative workspaces
    • Prominent Hempstead Avenue frontage with strong signage for pedestrian and vehicular traffic
    • Central air conditioning plus natural gas heating
    • Brick construction; public water and public sewer; basement included
    • Municipal parking nearby for customer and client access

    Overview

    Professional ground-floor store space is available for lease at 288 Hempstead Avenue. The unit features a flexible floor plan with five rooms that can support a range of professional uses, including private offices, treatment rooms, or collaborative work areas. The space is designed for day-to-day comfort with central air conditioning, along with natural gas heating.

    Prominent storefront presence on Hempstead Avenue provides visibility to both pedestrian and vehicular traffic, with signage and access suited to an established neighborhood location. Municipal parking is noted as nearby, supporting convenient arrivals for patients, clients, and visitors.

    This suite is a strong fit for medical and wellness providers looking for a patient-friendly, street-level environment. It also works well for professional services such as legal or financial offices, where clients benefit from a clear, accessible setting and multiple dedicated rooms to support consultations, appointments, or focused work. The overall configuration provides enough versatility to accommodate different business models while maintaining a professional storefront presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fernandez Christine T Physician Cynthia M Navas ... Medical Clinic Sergio Acupuncture Plus Medical Clinic Marilyn Ciccone Physician Pierce Rubbish Removal Waste Management Facility

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Penson Veterinary Office — 495 Nassau Blvd, West Hempstead, NY 11552
    • Latham Veterinary — 74 Elton St, West Hempstead, NY 11552
    • Wesley Vet Clinic — 242 Oak St, West Hempstead, NY 11552
    • West Hempstead Animal Hospital — 104 Cherry Valley Ave, West Hempstead, NY 11552
    • Halpern David DVM — 104 Cherry Valley Ave, West Hempstead, NY 11552

    Location Insight

    • Map
    • Local Demand
    City
    West Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6689779
    Latitude
    40.6757625

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    FAQs

    What type of property is this?
    Medical Office Space - Ground-floor storefront layout with multiple rooms, strong Hempstead Avenue visibility, and central air for patient-friendly operations.
    Where is this medical office space located?
    The property is located at 288 Hempstead Avenue West Hempstead, NY.
    What is the lease rate?
    The lease rate is $4,200 /Mo.
    What are key features of this property?
    This property features: Approximately 2,760 SF professional storefront space for lease at 288 Hempstead Ave, West Hempstead, NY 11552; Flexible layout with 5 private rooms/offices for uses such as treatment rooms, offices, or collaborative workspaces; Prominent Hempstead Avenue frontage with strong signage for pedestrian and vehicular traffic
    (917) 806-4383
    We can help!
    Listing Contact
    Kenny Theam H. Tan ABR CIPS SRS C2
    Real Estate License ID: 10311210013
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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.

    More about this property
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