Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3695-3721 Hempstead Tpke Levittown, NY 11756

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Levittown Shopping Center - 6 Suites Available

    Lot size:
    17,550 SF

    Property Features for 3695-3721 Hempstead Tpke

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,550 SF

    Spaces For Lease

    at 3695-3721 Hempstead Tpke, Levittown, NY 11756 Contact us

    We can help!

    Listing Contact
    Jason Sobel
    Jason Sobel

    Listing Agency: Ripco Real Estate Listing Agent: Jason Sobel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity presents a 17,550 square foot shopping center located at 3695-3721 Hempstead Turnpike in Levittown, New York, within Nassau County (zip code 11756). The property features six individual suites, offering flexible space options ranging from a minimum of 1,350 square feet to a maximum contiguous space of 4,050 square feet. Currently, a significant portion of the center, totaling 12,150 square feet, is available for lease. This presents a unique chance for businesses seeking immediate occupancy and a prime location within a bustling commercial area. The center boasts ample parking with 100 spaces available for customers and tenants. The property is classified as a multi-tenant retail shopping center, ideal for a variety of retail uses. Its strategic location on Hempstead Turnpike ensures high visibility and accessibility for potential customers. This is an excellent opportunity to establish or expand your business in a thriving Nassau County market. The property's size and layout offer considerable flexibility for various retail concepts. Interested parties are encouraged to inquire for further details and leasing information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Levittown
    County
    Nassau
    State
    New York
    Longitude
    -73.4993835
    Latitude
    40.7258747

    Nearby Similar for Lease

    • $4,600 /Mo
      17,281 SF

      Levittown Retail Space For Rent

      Prime storefront in a busy, established shopping center with ample parking.
      3259 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      6,956 SF

      Retail Space in Levittown

      Retail space with high visibility and accessibility in Levittown.
      3345-3371 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      2,250 SF

      Retail Space on Hempstead Turnpike

      Retail space available in a densely populated Nassau County community.
      3601-3633 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      5,000 SF

      Levittown Retail Space Available

      5,000 SF retail property for lease in Levittown, NY.
      3171 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      3,000 SF

      Levittown Retail Space Available

      3,000 SF retail space for rent in Levittown, NY.
      2921 Hempstead Tpke, Levittown, NY 11756
      View Details
    • $25 SF/Yr
      18,000 SF

      Levittown Executive Office Space

      Prime Levittown office, 3,500 sq ft available.
      2938 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      1,496 SF

      Levittown Medical Office Space

      1,496 SF Medical Office, Ample Parking
      3 Hollyhock Rd, Levittown, NY 11756
      View Details
    • $25 SF/Yr
      95,450 SF

      Levittown Retail Space Available

      Prime Retail Space, Nassau County, NY
      3601 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      459,760 SF

      Kohl's Plaza Retail Space

      Levittown, NY retail spaces available
      3575-3675 Hempstead Tpke, Levittown, NY 11750
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Levittown Shopping Center - 6 Suites Available
    Where is this lifestyle center located?
    The property is located at 3695-3721 Hempstead Tpke Levittown, NY.
    (347) 865-4524 Call to check price and availability
    Request Owner's contact information
    3695-3721 Hempstead Tpke Levittown, NY 11756
    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.
    3695-3721 Hempstead Tpke
    Levittown, NY 11756
    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
    3695-3721 Hempstead Tpke Levittown, NY 11756
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Sobel
    Jason Sobel
    (347) 865-4524 (516) 933-8880 (212) 750-6565
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!