Hempstead Turnpike
For Sale
$2,560,000
444 Hempstead Turnpike, West Hempstead, NY 11552
Located in West Hempstead, the property includes wall/window units and natural gas.
Property Size10,000 SF
Days on Market36
Property Features for 444 Hempstead Turnpike
General Information
Standard status
Active
Size
10,000 SF
Additional Details
Corner Location
No
Liquor License
No
Taxes and HOA fees
Annual Taxes
$57,461
Amenities
Wall/Window Unit(s)
Natural Gas
Finished, Full
Building Details
Building Size
10,000 SF
Year Built
1958
Listing Agency:
Voro LLC
Listed By:
Suping Wang · License #10401304979
(718) 710-3583
Source:
Evrealestate
Added: Sep 1
Changed: Sep 28
Last Checked: Oct 5 at 6:17PM
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 Voro LLC
Investment Insights
Based on property information with market context.
This storefront property at 444 Hempstead Turnpike in West Hempstead was built in 1958. Interior features include wall/window units, natural gas, and a finished full area.
Key Highlights
- 444 Hempstead Turnpike address in West Hempstead, NY 11552
- Built in 1958
- Interior features include wall/window units and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,030
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,960,600
$4.0M
Cap Rate 7%
$2,829,000
$2.8M
Cap Rate 9%
$2,200,333
$2.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$17.1K −$1.71/SF
EGI
$282.9K $28.29/SF
− OpEx
−$84.9K −$8.49/SF
NOI
$198.0K $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%
$3,960,600
Cap Rate 7%
$2,829,000
Cap Rate 9%
$2,200,333
Alternative Uses
Best Use
Retail
$2.83M
$2.48M – $3.30M
NOI $198,030 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.61M
$5.79M – $7.71M
NOI $462,825 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
220k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 27%
Groceries 24%
Apparel 5%
Stop & Shop
Groceries
51,047 visits/mo
0.1 miles
Dollar Tree
Shops & Services
30,973 visits/mo
0.5 miles
Starbucks
Dining
18,857 visits/mo
0.3 miles
McDonald's
Dining
14,725 visits/mo
0.1 miles
Capital One Bank
Shops & Services
12,594 visits/mo
0.4 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
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Similar Off Market Nearby
- Elena's Florist — 167 Hempstead Ave, West Hempstead, NY 11552
- Elena's Florist — 163 hempstead ave, west hempstead, ny 11552
- The iCraft Studio — 163 Hempstead Turnpike, West Hempstead, NY 11552
Frequently Asked Questions
What type of property is this?
Storefront property - Located in West Hempstead, the property includes wall/window units and natural gas.
Where is this storefront property located?
The property is located at 444 Hempstead Turnpike West Hempstead, NY.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: 444 Hempstead Turnpike address in West Hempstead, NY 11552; Built in 1958; Interior features include wall/window units and natural gas
