Flex Space with Fenced
For Sale
Contact for pricing
32 Holman Blvd, Hicksville, NY 11801
Two-level office accommodation includes a secured, illuminated yard and convenient access to public transportation.
Property Size5,133 SF
Price / SF$330.22
Days on Market110
Property Features for 32 Holman Blvd
General Information
Standard status
Active
Size
5,133 SF
Property subtype
INDUSTRIAL
Site & Location
Public Transit
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
Fenced & lit yard space
Building Details
Stories
2
Listing Agency:
Metro Realty Services LLC
(516) 375-8069
Listed By:
Mark Timpone · License #10491200183
Source:
Moodyscre
Added: May 14
Changed: Aug 31
Last Checked: Aug 31 at 1:46AM
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 Metro Realty Services LLC
Investment Insights
Based on property information with market context.
This 5,133-square-foot flex property combines office accommodation across two floors with outdoor yard space enclosed by fencing and served by lighting. Parking is also available at the property.
The site at 32 Holman Blvd in Hicksville is within walking distance of the LIRR Hicksville Station and a bus stop, providing access to nearby transit options. The combination of office improvements, secured outdoor space, and on-site parking supports a range of flex-oriented commercial requirements.
The site at 32 Holman Blvd in Hicksville is within walking distance of the LIRR Hicksville Station and a bus stop, providing access to nearby transit options. The combination of office improvements, secured outdoor space, and on-site parking supports a range of flex-oriented commercial requirements.
Key Highlights
- 5,133 SF flex property at 32 Holman Blvd, Hicksville, NY 11801
- Fenced and lit yard space
- Office areas located on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,264
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,765,280
$1.8M
Cap Rate 7%
$1,260,914
$1.3M
Cap Rate 9%
$980,711
$980.7K
Market Conditions
NOI Build-Up for 5,133 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$143.5K $27.96/SF
− Vacancy
−$25.8K −$5.03/SF
EGI
$117.7K $22.93/SF
− OpEx
−$29.4K −$5.73/SF
NOI
$88.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,765,280
Cap Rate 7%
$1,260,914
Cap Rate 9%
$980,711
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,264 @ 7.0% cap · market cap 5.21%
Second Best
Industrial
$1.05M
$918.3K – $1.22M
NOI $73,460 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$3.39M
$2.97M – $3.96M
NOI $237,568 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,939
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11801, NY
41,779
Population
13,068
Households
3.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
6,236
Density / Sq Mi
$147,945
Median Household Income
$54,052
Median Earnings
$2,992
Median Rent
$611,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level office accommodation includes a secured, illuminated yard and convenient access to public transportation.
Where is this flex space located?
The property is located at 32 Holman Blvd Hicksville, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 5,133 SF flex property at 32 Holman Blvd, Hicksville, NY 11801; Fenced and lit yard space; Office areas located on both floors
