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    Turn-Key Coffee Shop Title is generated by Realmo AI

    882 Hempstead Turnpike, Franklin Square, NY 11010

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    For Sale
    $99,999

    Renovated cafe with private parking and fully included equipment, furniture, and decor, plus basement storage.

    Type:Commercial
    Property size:
    900 SF
    Price / SF:
    $111/SF
    Added:
    Feb 18, 2026
    Days on Market:
    107
    Last Refresh:
    Jun 4 at 2:11 am

    Property Features for 882 Hempstead Turnpike

    General Information

    Standard status
    Active
    Size
    900 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    STEVE LAZO

    Listing agent STEVE LAZO

    Listing office REAL BROKER NY LLC

    Listing date Feb 18, 2026

    Source Corcoran

    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 REAL BROKER NY LLC

    HighLights

    • Renovated Vida Coffee Shop at 882 Hempstead Turnpike (Franklin Square) on a high‑traffic corner lot with private parking
    • Approx. 900 SF cafe plus full basement storage
    • All equipment, furniture, and decor included and owned outright
    • Triple net lease of $4,580/month (includes rent, taxes, utilities) with a 5‑year term and renewal options
    • Major operating efficiency noted: only 2 employees per shift; open 9AM–5PM
    • Currently operated for about 2 years with loyal customer base and strong online reviews

    Overview

    Vida Coffee Shop is offered as a turn-key specialty cafe built around a Colombian “Vida—Life” concept with botanical décor and greenery. The space is described as beautifully renovated and equipped for efficient daily operations, with all equipment, furniture, and decor included and owned outright. The café includes approximately 900 square feet of main space plus a full basement for storage. Operation is described as straightforward, with staffing of about two employees per shift, and current operating hours listed as 9AM–5PM.

    The business is located at 882 Hempstead Turnpike in Franklin Square, NY, positioned on a high-traffic corner lot with private parking.

    For sale with an existing triple net lease of $4,580 per month, which is stated to include rent, taxes, and utilities, and a 5-year term with renewal options. The landlord is described as willing to transfer the lease or offer a new lease. The seller notes the shop has been operating for about two years, and while current operations run during standard daytime hours, there is an opportunity to consider extended hours and additional customer channels such as delivery apps and catering.
    Location Intelligence

    Current Use by Public Records

    Vida Coffee Shop ... Cafe & Coffee Shop K W Kitchen ... Hardware & Home Improvement Column Nugent Law ... Law Firm Rsm Insurance Insurance Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • NY Caffeine — 797 Hempstead Turnpike, Franklin Square, NY 11010
    • Dolce Gelato — 220 Franklin Ave, Franklin Square, NY 11010
    • Bonba que tiene baño — 579 hempstead turnpike, west hempstead, ny 11552
    • Mr. Wish Franklin Square — 962 Hempstead Turnpike, Franklin Square, NY 11010
    • Kung fu tea — 902 Hempstead Turnpike, Franklin Square, NY 11010

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Square
    County
    Nassau
    State
    New York
    Longitude
    -73.672986
    Latitude
    40.707457

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    FAQs

    What type of property is this?
    Coffee shop - Renovated cafe with private parking and fully included equipment, furniture, and decor, plus basement storage.
    Where is this coffee shop located?
    The property is located at 882 Hempstead Turnpike Franklin Square, NY.
    What is the asking price?
    The asking price for this property is $99,999.
    What are key features of this property?
    This property features: Renovated Vida Coffee Shop at 882 Hempstead Turnpike (Franklin Square) on a high‑traffic corner lot with private parking; Approx. 900 SF cafe plus full basement storage; All equipment, furniture, and decor included and owned outright
    (518) 730-4228
    We can help!
    Listing Contact
    STEVE LAZO
    Learn More
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    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.

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