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    487 Hempstead Ave West Hempstead, NY 11552

    Sponsored
    For Sale
    $3,350,000

    12,400 SF Flex Space, Great Investment

    Property size:
    12,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,400 square foot industrial-flex building presents a compelling investment opportunity in West Hempstead, NY. Situated on a 0.42-acre lot (APN: Sec: 35

    Property Features for 487 Hempstead Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    12,400 SF
    Lot Size
    18,295 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Strong investment opportunity with one tenant in 1,400 square feet paying approximately $3,000 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.654119136903
    Latitude
    40.696380893222

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    FAQs

    What type of property is this?
    Distribution property - 12,400 SF Flex Space, Great Investment
    Where is this distribution property located?
    The property is located at 487 Hempstead Ave West Hempstead, NY.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: Strong investment opportunity with one tenant in 1,400 square feet paying approximately $3,000 per month.; ;
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    487 Hempstead Ave West Hempstead, NY 11552
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