Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Suite with Private Office Title is generated by Realmo AI

    58 school st, Glen Cove, NY 11542

    View on Map
    Claim this Listing
    For Lease
    $3,500 /Mo

    Commercial Lease - Glen Cove, NY

    Added:
    Aug 26, 2024
    Days on Market:
    647
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 58 school st

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet, Linoleum
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Lovaglio

    Listing agent Joseph Lovaglio

    Listing office J D S NORTH SHORE REALTY INC 37 A CEDAR SWAMP RD, GLEN COVE, NY

    Listing date Aug 26, 2024

    MLS# 11336325 Listing URL

    Copyright © 2026 My State 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

    • Office space in downtown Glen Cove near Stoes and restaurants, with a large private office, bullpen area, and break area
    • Includes a private bathroom (Bathroom 1)
    • CAM is included in the rent; tenant pays own utilities
    • No fee reported for the space
    • Brick construction with carpet and linoleum flooring
    • Forced‑air natural gas heating with central air cooling; rubber roof; garage parking

    Overview

    This office suite is designed for day-to-day productivity, featuring a large private office plus a bullpen area for additional workstations. The layout also includes a dedicated break area and a private bathroom, providing convenience and privacy for staff and visiting clients. CAM is included in the rent, and the tenant is responsible for their own utilities.

    Located in the heart of downtown Glen Cove, the space benefits from a central setting near local stores and restaurants. For a business that values walkable amenities and an accessible downtown address, this configuration supports both client interaction and efficient team operations.

    The space is a strong fit for professional services, back-office teams, or any tenant seeking a balance of private focus and open collaboration. With its enclosed private office, shared bullpen area, and on-site break space, it offers a practical environment for teams that need room to meet internally while maintaining a professional front-end. With no fee and CAM included, it can also simplify budgeting for an operating tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marvin's Barber Shop Barber Shop Charles E. Parisi, ... Law Firm Wolf Dennis E ... Physician Parisi Mary S ... Pediatrician Gill Associates (Bike/Boat/Book/etc) Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Cove
    County
    Nassau
    State
    New York
    Longitude
    -73.630878
    Latitude
    40.865839

    Nearby Similar for Lease

    • $4,500/Mo

      Glen Cove Work/Live Space

      Unique work/live space suitable for various business and residential purposes.
      122 Forest Avenue, Glen Cove, NY 11542
      View Details
    • $1,850/Mo

      Glen Cove Office Space Available

      Office space with conference room, reception, and private offices.
      Cedar Swamp Rd, Glen Cove, NY 11542
      View Details
    • $1,100/Mo
      1,150 SF

      Glen Cove Storage Space

      Lower level storage space in Glen Cove available for rent.
      34 Glen St Rear, Glen Cove, NY 11542
      View Details
    • $35 SF/Yr

      Glen Cove Retail Storefront Opportunity

      Well-located retail storefront in the heart of Glen Cove.
      64 School St, Glen Cove, NY 11542
      View Details
    • Contact for pricing

      Renovated Office Suite in Glen Cove

      Well-located, renovated office suite in the heart of Glen Cove.
      15 1/2 Glen St 203, Glen Cove, NY 11542
      View Details
    • $3,800/Mo
      2,700 SF

      Prime Retail Space in Glen Cove

      2,700 SF retail space in downtown Glen Cove.
      Glen St 14-20, Glen Cove, NY
      View Details
    • $35 SF/Yr
      4,100 SF

      Glen Cove Office Space Available

      Newly remodeled office spaces in the heart of Glen Cove.
      50 School St, Glen Cove, NY, 11542-2534
      View Details
    • $12 SF/Yr

      Glen Cove Apartment with Amenities

      Well-maintained 2-bedroom apartment with included utilities in Glen Cove.
      45 Wolfle St 2, Glen Cove, NY 11542
      View Details
    • $2,600/Mo

      Spacious Apartment with Bonus Room

      Second-floor apartment featuring a bonus room, driveway parking, and in-unit laundry.
      34 Smith Street Smith, Glen Cove, NY 11542
      View Details
    • $3,800/Mo
      1,400 SF

      Glen Cove Commercial Space Available

      Prime commercial space in downtown Glen Cove, suitable for various businesses.
      14 Glen St, Glen Cove, NY, 11542-2739
      View Details
    • $2,200/Mo

      Secure Office Space with View

      Office unit for rent in secure building with scenic views.
      10 Cedar Swamp Rd Ste 1, Glen Cove, NY, 11542-3746
      View Details
    • Contact for pricing
      2,100 SF

      Glen Cove Retail Space Available

      Neighborhood center in downtown Glen Cove with excellent visibility.
      71-121 School St, Glen Cove, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Downtown office suite with private office, bullpen, break area, and private bath, with CAM included and no fee.
    Where is this office units located?
    The property is located at 58 school st Glen Cove, NY.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: Office space in downtown Glen Cove near Stoes and restaurants, with a large private office, bullpen area, and break area; Includes a private bathroom (Bathroom 1); CAM is included in the rent; tenant pays own utilities
    (516) 676-6400
    We can help!
    Listing Contact
    Joseph Lovaglio
    Real Estate License ID: 31LO0798752
    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

    Thank You for Inquiry
    58 school st, Glen Cove, NY 11542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!