Office Suite with Private
For Sale
Contact for pricing
982 Church Street, Hempstead, NY 11510
Wood flooring and a drop ceiling finish the interior of this commercial space.
Property Size800 SF
Price / SF$2.50
Days on Market37
Property Features for 982 Church Street
General Information
Standard status
Active
Size
800 SF
Property subtype
Business
Additional Details
Condition
Move-in Ready
Public Transit
Yes
Property Use
Office or Storefront
Amenities
private bathroom
Building Details
Year Built
1908
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Sep 24
Changed: Oct 30
Last Checked: Oct 30 at 1:56AM
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 800-square-foot office space at 982 Church Street in Hempstead includes wood flooring, a drop ceiling with 8.5-foot clearance, and a private bathroom. The building dates to 1908, and the space has undergone renovation.
The property is described as close to major roadways, shopping, dining, and public transportation.
The property is described as close to major roadways, shopping, dining, and public transportation.
Key Highlights
- 800 square feet of office space
- Private bathroom
- Drop ceiling with 8.5‑foot ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,756
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,120
$275.1K
Cap Rate 7%
$196,514
$196.5K
Cap Rate 9%
$152,844
$152.8K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$22.4K $27.96/SF
− Vacancy
−$4.0K −$5.03/SF
EGI
$18.3K $22.93/SF
− OpEx
−$4.6K −$5.73/SF
NOI
$13.8K $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%
$275,120
Cap Rate 7%
$196,514
Cap Rate 9%
$152,844
Alternative Uses
Best Use
Retail
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 792.10%
Second Best
Office B
$196.5K
$172.0K – $229.3K
NOI $13,756 @ 7.0% cap · market cap 687.80%
Theoretical Best
Specialty Retail
$528.9K
$462.8K – $617.1K
NOI $37,026 @ 7.0% cap · market cap 1,851.30%
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
705
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office space - Wood flooring and a drop ceiling finish the interior of this commercial space.
Where is this office space located?
The property is located at 982 Church Street Hempstead, NY.
What are key features of this property?
This property features: 800 square feet of office space; Private bathroom; Drop ceiling with 8.5‑foot ceiling height
