Multi-Suite Office
For Sale
Contact for pricing
294 Hempstead Avenue, Hempstead, NY 11565
An open area and several office suites provide a mix of workspace configurations.
Property Size3,168 SF
Price / SF$0.95
Days on Market17
Property Features for 294 Hempstead Avenue
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1910
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 14
Changed: Oct 30
Last Checked: Oct 30 at 2:03AM
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 Neil Charles Real Estate
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 office property combines an open work area with multiple individual office suites. The building dates to 1910, offering a defined multi-space configuration for office use.
Key Highlights
- Multiple office suites alongside an open area
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,475
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,500
$1.1M
Cap Rate 7%
$778,214
$778.2K
Cap Rate 9%
$605,278
$605.3K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$88.6K $27.96/SF
− Vacancy
−$15.9K −$5.03/SF
EGI
$72.6K $22.93/SF
− OpEx
−$18.2K −$5.73/SF
NOI
$54.5K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,500
Cap Rate 7%
$778,214
Cap Rate 9%
$605,278
Alternative Uses
Best Use
Office B
$778.2K
$680.9K – $907.9K
NOI $54,475 @ 7.0% cap · market cap 1,816.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.44M
NOI $146,623 @ 7.0% cap · market cap 4,889.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 11565, NY
8,845
Population
3,466
Households
2.6
Avg Household Size
47
Median Age
56%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
8,041
Density / Sq Mi
$145,290
Median Household Income
$72,548
Median Earnings
$1,861
Median Rent
$628,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - An open area and several office suites provide a mix of workspace configurations.
Where is this office unit located?
The property is located at 294 Hempstead Avenue Hempstead, NY.
What are key features of this property?
This property features: Multiple office suites alongside an open area; Built in 1910
