Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Levittown Pkwy Hicksville, NY 11756
    Back to Search
    Property profile & analytics

    40 Levittown Pkwy, Hicksville, NY 11756

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 40 Levittown Pkwy

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail storefront property, located at 40 Levittown Parkway, Hicksville, NY 11756, presents a rare investment opportunity. The property, asking $2,900,000, is a fully leased retail strip center, boasting a strong annual cash flow of $280,000. This is the first time this property has been on the market in 25 years, indicating its stability and desirability. Situated in the thriving Levittown community, the property benefits from its convenient location near the busy Hempstead Turnpike and a local school, ensuring high visibility and foot traffic. Tenants enjoy easy access via a large municipal parking lot located at the rear of the building. This prime corner location offers a secure investment with established, reliable tenants, making it an attractive proposition for discerning investors seeking a stable and profitable retail asset in a well-established Nassau County market. The property's long-standing success and consistent cash flow make it a compelling opportunity for long-term growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hicksville
    County
    Nassau
    State
    New York
    Longitude
    -73.5372
    Latitude
    40.7433

    Comparable in this City

    • Value Estimation
      $715,000
      3,800 SF

      Fulton St

      RETAIL STORES (PERSONAL SERVICES)
      Fulton St, Levittown, NY 11756
      View Details
    • Value Estimation
      $12,150,000
      70,000 SF

      3266 Hempstead Tpke

      RETAIL STORES (PERSONAL SERVICES)
      3266 Hempstead Tpke, Levittown, NY 11756-1345
      View Details
    • Value Estimation
      $3,905,000
      22,500 SF

      3349 Hempstead Tpke

      RETAIL STORES (PERSONAL SERVICES)
      3349 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Value Estimation
      $3,325,000
      17,296 SF

      2694 Hempstead Tpke, Unit 2710

      RETAIL STORES (PERSONAL SERVICES)
      2694 Hempstead Tpke, Levittown, NY 11756-1324
      View Details
    • Value Estimation by Request
      2,500 SF

      3140 Hempstead Tpke

      RETAIL STORES (PERSONAL SERVICES)
      3140 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Value Estimation
      $1,225,000
      1,892 SF

      29 Jerusalem Ave

      RETAIL STORES (PERSONAL SERVICES)
      29 Jerusalem Ave, Levittown, NY 11756-3759
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,810 SF

      Levittown Retail Space Available

      3,000 SF retail space for rent in Levittown, NY.
      2921 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      30,000 SF

      Levittown Retail Property For Sale

      30,000 SF retail property in Levittown, NY for sale.
      2707 Hempstead Tpke, Levittown, NY 11756
      View Details
    • $149,990

      Established Dry Cleaner Business Levittown

      Well-established dry cleaner business for sale in Levittown, NY.
      6 Village Grn E, Levittown, NY 11756
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Levittown Commercial Property For Rent

      Commercial property in Levittown with storefronts, office spaces, and parking.
      2938 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      19,800 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

      Levittown Retail Space Available

      Retail space available for rent in Levittown, New York.
      2705 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available, divisible, with ample parking and high visibility.
      3695-3721 Hempstead Tpke, Levittown, NY 11756
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space on Hempstead Turnpike

      Retail property with high traffic and ample parking.
      3695-3721 Hempstead Tpke, Bethpage, NY 11756
      View Details
    Request Owner's contact information
    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.
    40 Levittown Pkwy
    Hicksville, 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
    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

    Thank You for Inquiry
    40 Levittown Pkwy, Hicksville, NY, 11756
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!