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    250 Fulton Ave Hempstead, NY 11550

    Sponsored
    For Lease
    Contact for pricing

    Medical Office Space Available, Central Nassau

    Lot size:
    90,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    The Executive Building at 250 Fulton Avenue in Hempstead, NY, offers prime medical office space in Central Nassau County. This seven-story building boasts a total of 90,000 square feet, with 30,230 square feet currently vacant and available for lease. Multiple tenancy options are available, ranging from a minimum divisible space of 985 square feet to a maximum contiguous space of 15,000 square feet. Ideal for a variety of medical practices, the building's location within the Hempstead submarket cluster provides excellent accessibility and visibility. A full-mezzanine floor is also available, offering additional space and flexibility. The property is categorized as both Medical Office and Traditional Office space, ensuring suitability for a broad range of healthcare professionals. Located in Nassau County, New York, with a zip code of 11550, this property presents a unique opportunity for businesses seeking high-quality office space in a thriving medical community. The building's strategic location offers convenient access to major transportation routes and local amenities. Inquire today to learn more about leasing opportunities and explore the potential of establishing your practice in this exceptional building.

    Property Features for 250 Fulton Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,000 SF

    Building Details

    Stories
    7

    Unit(s) available at that property

    Space
    5th Floor
    Size
    1,010 SF
    Space
    2nd Floor
    Size
    800 SF
    Space
    Mezzanine-Divisible
    Size
    15,000 SF
    Space
    4th Floor- Divisible
    Size
    1,205 SF
    Space
    1st Floor
    Size
    6,630 SF

    We can help!

    Listing Contact
    Adam Rochlin
    Adam Rochlin

    Learn more

    Property Insight Report

    HighLights

    • Half‑mile to Hempstead LIRR, half‑block to NICE bus.
    • Two miles to Hofstra University.
    • Close proximity to retail and dining.
    • Ample parking: private, municipal, and street.
    • 24/7 building access.
    • On‑site management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ortho Bending Dental ... Dental Laboratory L & R Orthodontic ... Dental Laboratory 3D-ORTHOLAB Dental Laboratory Brill & Medina, LLP Law Firm Long Island Pressure ... Pressure Washing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.626272898048
    Latitude
    40.707802665174

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    FAQs

    What type of property is this?
    Medical office - Medical Office Space Available, Central Nassau
    Where is this medical office located?
    The property is located at 250 Fulton Ave Hempstead, NY.
    What are key features of this property?
    This property features: Half-mile to Hempstead LIRR, half-block to NICE bus.; Two miles to Hofstra University.; Close proximity to retail and dining.
    Request Owner's contact information
    250 Fulton Ave Hempstead, NY 11550
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    Hempstead, NY 11550
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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.

    More about this property
    250 Fulton Ave Hempstead, NY 11550
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    We can help!
    Listing Contact
    Adam Rochlin
    Adam Rochlin
    Real Estate License ID: NY 10491201180
    Learn more
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