Office Suite with Private
For Sale
Contact for pricing
96 Main Street, Hempstead, NY 11550
Updated finishes, tall ceilings, and natural light define this compact professional workspace.
Property Size1,000 SF
Price / SF$3.50
Days on Market25
Property Features for 96 Main Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Additional Details
Condition
Newly Renovated
Property Use
Office
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 6
Changed: Oct 30
Last Checked: Oct 30 at 1:54AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office suite measures approximately 1,000 square feet and provides three private offices, a kitchenette, a bathroom, and a storage area. Its updated interior has white finishes, high ceilings, and abundant natural light. The space is described as secure and newly built out, with a storefront facing the street.
Dunkin’ Donuts is next door, and Nassau County District Court is directly across the street. The suite’s street-facing position is part of the property’s physical setting.
Dunkin’ Donuts is next door, and Nassau County District Court is directly across the street. The suite’s street-facing position is part of the property’s physical setting.
Key Highlights
- Approximately 1,000 square feet
- Three private offices, plus a kitchenette, bathroom, and storage area
- Updated interior with white finishes, high ceilings, and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,195
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,900
$343.9K
Cap Rate 7%
$245,643
$245.6K
Cap Rate 9%
$191,056
$191.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$28.0K $27.96/SF
− Vacancy
−$5.0K −$5.03/SF
EGI
$22.9K $22.93/SF
− OpEx
−$5.7K −$5.73/SF
NOI
$17.2K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,900
Cap Rate 7%
$245,643
Cap Rate 9%
$191,056
Alternative Uses
Best Use
Office B
$245.6K
$214.9K – $286.6K
NOI $17,195 @ 7.0% cap · market cap 491.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$661.2K
$578.5K – $771.4K
NOI $46,283 @ 7.0% cap · market cap 1,322.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,442
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
Frequently Asked Questions
What type of property is this?
Office unit - Updated finishes, tall ceilings, and natural light define this compact professional workspace.
Where is this office unit located?
The property is located at 96 Main Street Hempstead, NY.
What are key features of this property?
This property features: Approximately 1,000 square feet; Three private offices, plus a kitchenette, bathroom, and storage area; Updated interior with white finishes, high ceilings, and abundant natural light
