Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    570 Elmont Rd Elmont, NY 11003

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,250,000

    Renovated building approved for hotel/motel, retail use.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 24 at 8:04 pm

    Property Features for 570 Elmont Rd

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Shri Singh

    Listing agent Shri Singh License #10301221745

    Listing office Laffey International Realt Estate

    Listing date Apr 24, 2026

    Source Elliman

    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 Laffey International Realt Estate

    Overview

    Renovated Elmont Road Opportunity

    This renovated building, constructed in 1973, presents an add-value opportunity. Connectivity is a key feature of this property, serving as a gateway to Long Island. The location provides access to major transportation arteries, including the Cross Island Parkway, Belt Parkway, Northern State Parkway, and Long Island Expressway. The property is approved for hotel/motel and retail use. The walk score is 66, indicating it is somewhat walkable, and the bike score is 46, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Morna Barsky, LCSW Foster Care Service Fabrizio Paula DO Physician Claude-Aline Charles, PSY Physician Ms. Andrea Carson Physician Horizon Garage Door ... Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmont
    County
    Queens
    State
    New York
    Longitude
    -73.716366
    Latitude
    40.695879

    Nearby Similar for Sale

    • $1,200,000

      Elmont Two-Family Home with Solar

      Well-maintained two-family property with updates, solar panels, and garage.
      1543 Sweetman Avenue, Elmont, NY 11003
      View Details
    • $1,100,000

      Renovated Colonial Home with Income

      Elmont triplex with renovated interiors, kitchens, and baths.
      1371 Rosser Avenue, Elmont, NY 11003
      View Details
    • $599,999

      Elmont Multifamily Investment Opportunity

      Multifamily property in Elmont with value-add potential.
      19 Frederick Avenue, Elmont, NY 11003
      View Details
    • $549,888

      Elmont Duplex with Garage

      Two-family duplex in Elmont, featuring a separate garage.
      6 Hendrickson Avenue, Elmont, NY 11003
      View Details
    • $999,999

      Renovated Two-Family Home in Elmont

      Renovated two-family home with park views in Elmont.
      30 Norfolk Drive E, Elmont, NY 11003
      View Details
    • $1,500,000

      Repurposed Church with Event Space

      Unique property featuring dining space, kitchen, and classrooms.
      1350 A Street, Elmont, NY 11003
      View Details
    • $2,500,000

      Elmont Commercial Investment Opportunity

      Commercial property for sale in Elmont, NY.
      1285 Hempstead Turnpike, Elmont, NY 11003
      View Details
    • Contact for pricing
      10,000 SF

      Elmont Retail Property For Sale

      Retail property in Elmont, New York with high traffic volume.
      333 Hempstead Tpke, Elmont, NY
      View Details
    • $4,999,999
      7,200 SF

      Prime Commercial Property Near UBS Arena

      Versatile commercial property near UBS Arena with retail and parking.
      1529 Hempstead Tpke, Elmont, NY
      View Details
    • $4,990,000
      8,800 SF

      Elmont Commercial Property For Sale

      8,800 SF commercial property with two retail storefronts and parking.
      1529 Hempstead Turnpike, Elmont, NY 11003
      View Details
    • Contact for pricing
      6,000 SF

      Renovated Office Space Near Highways

      Fully renovated office space with convenient highway access.
      570 Elmont Rd, Elmont, NY
      View Details

    FAQs

    What type of property is this?
    Hotel - Renovated building approved for hotel/motel, retail use.
    Where is this hotel located?
    The property is located at 570 Elmont Rd Elmont, NY.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: Approved for Hotel/Motel and Retail Use: Provides immediate revenue‑generating possibilities.; **Totally Renovated Building**: Reduces immediate maintenance costs and enhances appeal.; **Strategic Location**: Serves as a gateway to Long Island and its opportunities.
    (516) 734-1299
    We can help!
    Listing Contact
    Shri Singh
    Real Estate License ID: 10301221745
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!