Lower-Level Office
For Sale
Contact for pricing
8 Maple Street #10 North, Hempstead, NY 11050
The office is on the lower floor of a two-story building with nine offices.
Property Size250 SF
Price / SF$2.60
Days on Market18
Property Features for 8 Maple Street #10 North
General Information
Standard status
Active
Size
250 SF
Property subtype
Office
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 13
Changed: Oct 30
Last Checked: Oct 30 at 1:45AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 250-square-foot office unit occupies the lower level of a two-story building containing nine offices. The space is available furnished or unfurnished.
Parking includes one designated space in front of the building, with additional street parking and a lot across the street. The property is near the LIRR in North Hempstead.
Parking includes one designated space in front of the building, with additional street parking and a lot across the street. The property is near the LIRR in North Hempstead.
Key Highlights
- 250‑square‑foot office unit on the lower level
- Building includes 9 offices across 2 floors
- Available furnished or unfurnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,299
Suggested Prices Based on Cap Rates
Cap Rate 5%
$85,980
$86.0K
Cap Rate 7%
$61,414
$61.4K
Cap Rate 9%
$47,767
$47.8K
Market Conditions
NOI Build-Up for 250 SF
Gross rent
$7.0K $27.96/SF
− Vacancy
−$1.3K −$5.03/SF
EGI
$5.7K $22.93/SF
− OpEx
−$1.4K −$5.73/SF
NOI
$4.3K $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 Rate 5%
$85,980
Cap Rate 7%
$61,414
Cap Rate 9%
$47,767
Alternative Uses
Best Use
Office B
$61.4K
$53.7K – $71.7K
NOI $4,299 @ 7.0% cap · market cap 661.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$165.3K
$144.6K – $192.9K
NOI $11,571 @ 7.0% cap · market cap 1,780.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 11050, NY
31,512
Population
12,329
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
3,120
Density / Sq Mi
$153,819
Median Household Income
$78,132
Median Earnings
$2,454
Median Rent
$990,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The office is on the lower floor of a two-story building with nine offices.
Where is this office unit located?
The property is located at 8 Maple Street #10 North Hempstead, NY.
What are key features of this property?
This property features: 250‑square‑foot office unit on the lower level; Building includes 9 offices across 2 floors; Available furnished or unfurnished
