Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    111 Frnt St Hempstead, NY 11550

    • Investment properties
    • 2,940 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5941078
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 111 Frnt St

    Year built
    1985
    Lot size
    0.69 lot acres
    Property size
    2,940 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    34-295-00-0041
    APU
    34295000041

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,773,000
      Market price range: $598k - $1.77M
      AI Estimate
      $1,202,000
      Market price range: $60.0k - $1.20M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,280,000
      Current use
      AUTO REPAIR, GARAGE
      $1,720,000
      Change: +34% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,480,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $1,310,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $1,250,000
      Change: -3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6371
    Latitude
    40.7046
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,013
    $9,454
    $3,612
    $13,066
    -
    $0.00
    $0.00
    $1,306,600

    Comparable in this City

    • Value Estimation
      $560,000
      1,200 SF

      459 Peninsula Blvd

      STORE/OFFICE (MIXED USE) • 1,200 SF
      459 Peninsula Blvd, Hempstead, NY 11550-5412
      View Details
    • Value Estimation
      $1,080,000
      5,304 SF

      468 Peninsula Blvd

      STORE/OFFICE (MIXED USE) • 5,304 SF
      468 Peninsula Blvd, Hempstead, NY 11550-5425
      View Details
    • Value Estimation
      $1,080,000
      4,212 SF

      390 Clinton St, Unit 396

      STORE/OFFICE (MIXED USE) • 4,212 SF
      390 Clinton St, Hempstead, NY 11550-1737
      View Details
    • Value Estimation
      $735,000
      1,449 SF

      530 Fulton Ave

      STORE/OFFICE (MIXED USE) • 1,449 SF
      530 Fulton Ave, Hempstead, NY 11550-4364
      View Details
    • Value Estimation
      $785,000
      4,070 SF

      1170 Grand Ave

      STORE/OFFICE (MIXED USE) • 4,070 SF
      1170 Grand Ave, South Hempstead, NY 11550-8008
      View Details
    • Value Estimation by Request
      1,710 SF

      165 Henry St

      STORE/OFFICE (MIXED USE) • 1,710 SF
      165 Henry St, Hempstead, NY 11550-5711
      View Details

    Similar Nearby for Sale

    • $515,000
      1,950 SF

      Hempstead Duplex Sold As-Is

      Two-family home in Hempstead, sold as-is with tenants.
      106-108 Remsen Ave, Hempstead, NY 11550
      View Details
    • $5,580,000
      Pending

      Hempstead Retail Investment Opportunity

      Prime retail strip mall in bustling Hempstead, NY.
      158 Main St, Hempstead, NY 11550
      View Details
    • $879,000
      4,428 SF

      Hempstead Mixed-Use Investment

      High-yield, dual-building property. Great potential.
      229 Franklin St, Hempstead, NY 11550
      View Details
    • $825,000
      5,530 SF

      Hempstead Mixed-Use Investment Opportunity

      High-Income Potential, Two Buildings on .23 Acres
      220 Franklin St, Hempstead, NY 11550
      View Details
    • $1,500,000

      Hempstead Waterfront Mixed-Use Gem

      Prime waterfront commercial & residential investment.
      70 Front St, Hempstead, NY 11550
      View Details
    • $520,000
      Pending

      Mixed-Use Building in Hempstead, NY

      Two-level mixed-use building with commercial space and apartments.
      678 Fulton Ave, Hempstead, NY 11550
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,900 SF

      West Hempstead Mixed-Use Space

      Mixed-use space with loading doors and high ceilings for rent.
      393 S Franklin St, West Hempstead, NY 11550
      View Details
    • Contact for pricing
      800 SF

      Move-in Ready Commercial Space

      Second-floor commercial space with private offices and excellent visibility.
      32 Main St, Hempstead, NY 11550
      View Details
    • $12,000 /Mo
      2,850 SF

      Hempstead Commercial Space For Rent

      New commercial space suitable for daycare or school facility.
      533 Greenwich St, Hempstead, NY 11550
      View Details
    • $5,500 /Mo
      12,537 SF

      Hempstead Office Space For Rent

      2,575 SF office space with private entrance available for rent.
      218 Front St, Hempstead, NY 11550
      View Details
    • $2,750 /Mo

      Hempstead Commercial Space For Rent

      Move-in ready commercial space with private offices and excellent visibility.
      32 Main St, Hempstead, NY 11550
      View Details
    • $3,500 /Mo
      5,685 SF

      Commercial Space in Hempstead, NY

      Versatile commercial space suitable for storage, warehouse, or e-commerce.
      72 Fulton Ave, Hempstead, NY 11550
      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.
    111 Frnt St
    Hempstead, NY 11550
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!