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    Retail Property on Hempstead Turnpike Title is generated by Realmo AI

    636 Hempstead Tpke, Franklin Square, NY

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    Freestanding retail property with high traffic and frontage.

    Type:RETAIL
    Property size:
    8,388 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $286/SF
    Added:
    Apr 2, 2025
    Days on Market:
    447
    Last Refresh:
    May 20 at 9:24 pm

    Property Features for 636 Hempstead Tpke

    General Information

    Standard status
    Active
    Size
    8,388 SF
    Lot size
    0.20 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 636 Hempstead Tpke Contact us

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    Listing Contact
    Roger A. Delisle, Jr.

    Listing agent Roger A. Delisle, Jr.

    Listing office Island Associates Real Estate, Inc.

    Listing date Apr 2, 2025

    Source Moodyscre

    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 Island Associates Real Estate, Inc.

    HighLights

    • Freestanding Retail Property on Hempstead Turnpike
    • High Daily Traffic Counts of 32,806
    • 128’ Frontage on Hempstead Turnpike
    • Strategically Situated in Franklin Square
    • Possible Automotive Use

    Overview

    This freestanding retail property is strategically located on Hempstead Turnpike in Franklin Square. The property benefits from high daily traffic counts of 32,806 vehicles. It features 128 feet of frontage on Hempstead Turnpike. The property may be suitable for automotive use.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $251.6k $30.00
    − Vacancy −$14.3k −$1.71
    EGI $237.3k $28.29
    − OpEx −$71.2k −$8.49
    NOI $166.1k $19.80
    8,388 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.37M
    $2.08M – $2.77M (±1% cap)
    NOI $166,108 @ 7.0% cap · market cap 6.92%
    Second Best
    Industrial
    $1.71M
    $1.50M – $2.00M (±1% cap)
    NOI $120,043 @ 7.0% cap · market cap 5.00%
    Theoretical Best
    Specialty Retail
    $5.55M
    $4.85M – $6.47M (±1% cap)
    NOI $388,218 @ 7.0% cap · market cap 16.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    DealerTrackIt.com Telecommunications Service Movin On Sounds Telecommunications Service Smart Start Ignition ... Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Enterprise Rent-A-Car — 362 Hempstead Turnpike, West Hempstead, NY 11552
    • Bethpage FCU ATM — 652 Hempstead Turnpike, Franklin Square, NY 11010
    • Stride Limo Worldwide — 1040 Hempstead Turnpike Suite LL2, Franklin Square, NY 11010
    • Easy Wheels Auto Group, LLC — 1040 Hempstead Turnpike, Franklin Square, NY 11010
    • U-Haul Neighborhood Dealer — 6 Terminal Rd, West Hempstead, NY 11552

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Square
    County
    Nassau
    State
    New York
    Longitude
    -73.6634
    Latitude
    40.7069

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    FAQs

    What type of property is this?
    Automotive property - Freestanding retail property with high traffic and frontage.
    Where is this automotive property located?
    The property is located at 636 Hempstead Tpke Franklin Square, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Freestanding Retail Property on Hempstead Turnpike; High Daily Traffic Counts of 32,806; 128’ Frontage on Hempstead Turnpike
    (631) 982-2100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Roger A. Delisle, Jr.
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