Office Building with Finished
For Sale
$1,295,000
86 Front St, Hempstead, NY 11550
Storefront office property with flexible work areas, basement amenities, elevator access, and on-site parking.
Property Size4,796 SF
Lot Size0.12 Acres
Price / SF$270.02
Days on Market40
Property Features for 86 Front St
General Information
Standard status
Active
Size
4,796 SF
Total Parking Spaces
6
Elevators
Yes
Lot size
0.12 Acres
Additional Details
Road Access
Yes
Building Details
Year Built
1941
Buildings
1
Listing Agency:
Jamie Realty Group
(718) 886-0668
Listed By:
Xiao Zheng · License #10491212408
Source:
Wesellhomes
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 5:50AM
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 Jamie Realty Group
Investment Insights
Based on property information with market context.
This office property combines a storefront presence with a functional interior layout. The 4,796-square-foot building includes a first-floor open area, three enclosed offices, a bathroom, and elevator access to a fully finished basement. Basement improvements include a conference room, kitchenette, and additional office space.
The parcel measures 60 by 88 feet and provides six front parking spaces. Built in 1941, the property is positioned along a busy street and offers a combination of visible frontage, dedicated parking, and varied office configurations.
The parcel measures 60 by 88 feet and provides six front parking spaces. Built in 1941, the property is positioned along a busy street and offers a combination of visible frontage, dedicated parking, and varied office configurations.
Key Highlights
- 4,796 interior sq ft office building
- 60x88 lot size
- First floor includes open area, three offices, bathroom, and elevator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,899,500
$1.9M
Cap Rate 7%
$1,356,786
$1.4M
Cap Rate 9%
$1,055,278
$1.1M
Market Conditions
NOI Build-Up for 4,796 SF
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.
Gross rent
$143.9K $30.00/SF
− Vacancy
−$8.2K −$1.71/SF
EGI
$135.7K $28.29/SF
− OpEx
−$40.7K −$8.49/SF
NOI
$95.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,899,500
Cap Rate 7%
$1,356,786
Cap Rate 9%
$1,055,278
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $94,975 @ 7.0% cap · market cap 7.33%
Second Best
Office B
$1.18M
$1.03M – $1.37M
NOI $82,469 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$3.17M
$2.77M – $3.70M
NOI $221,971 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 11550, NY
61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Storefront office property with flexible work areas, basement amenities, elevator access, and on-site parking.
Where is this office building located?
The property is located at 86 Front St Hempstead, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 4,796 interior sq ft office building; 60x88 lot size; First floor includes open area, three offices, bathroom, and elevator
