Sign Up Successful!
You now have access to more from Realmo!
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

    124 Nassau Blvd West Hempstead, NY 11552-1028

    • Retail properties
    • 800 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2022
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1904932
    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

    • Westminster Nursery Gardens / Garden Center

    Property Details for 124 Nassau Blvd

    Year built
    1900
    Lot size
    0.21 lot acres
    Property size
    800 SF
    Property type
    Retail properties
    APN
    33-506-00-0061
    APU
    33506000061

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $749,000
      Market price range: $55.0k - $749k

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6608
    Latitude
    40.7099
    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
    $18,487
    $2,438
    $415
    $2,853
    -
    $0.00
    $0.00
    $285,300

    Comparable in this City

    • Value Estimation
      $2,260,000
      6,392 SF

      30 Westminster Rd

      NURSERY, GREENHOUSE, FLORIST • 6,392 SF
      30 Westminster Rd, West Hempstead, NY 11552-1617
      View Details
    • Value Estimation
      $1,485,000
      672 SF

      233 Hempstead Ave

      NURSERY, GREENHOUSE, FLORIST • 672 SF
      233 Hempstead Ave, West Hempstead, NY 11552-2121
      View Details
    • Value Estimation by Request
      71,131 SF

      50 Cherry Valley Ave

      Retail properties • 71,131 SF
      50 Cherry Valley Ave, West Hempstead, NY 11552
      View Details
    • Value Estimation
      $1,065,000
      1,425 SF

      357 Hempstead Ave

      NURSERY, GREENHOUSE, FLORIST • 1,425 SF
      357 Hempstead Ave, West Hempstead, NY 11552-2044
      View Details
    • Value Estimation
      $750,000
      1,378 SF

      62 Westminster Rd

      NURSERY, GREENHOUSE, FLORIST • 1,378 SF
      62 Westminster Rd, West Hempstead, NY 11552-1618
      View Details
    • Value Estimation by Request
      7,200 SF

      156-166 Hempstead Tpke

      Individual retail properties • 7,200 SF
      156-166 Hempstead Tpke, West Hempstead, NY 11552
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Mixed-Use Development Opportunity, West Hempstead

      16,814 SF mixed-use property in West Hempstead business district.
      349 Hempstead Ave, West Hempstead, NY 11552
      View Details
    • $1,450,000
      0.05 Acres

      West Hempstead Mixed-Use Investment Opportunity

      Four-unit mixed-use corner building with detached two-car garage.
      352 Hempstead Ave, West Hempstead, NY 11552
      View Details
    • $2,900,000
      10,000 SF

      West Hempstead Retail Opportunity

      10,000 SF Vacant Retail Building
      700 Woodfield Rd, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      2,314 SF

      340 Hempstead Tpke

      Hard Corner Development Opportunity
      340 Hempstead Tpke, West Hempstead, NY 11552
      View Details
    • $3,350,000
      12,400 SF

      West Hempstead Multi-Tenant Building

      Multi-tenant building suitable for industrial, office, and retail use.
      481-503 Hempstead Ave, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      7,760 SF

      Retail Property on Hempstead Turnpike

      Retail property with high traffic volume and on-site parking.
      159-163 Hempstead Tpke, W Hempstead, NY 11552
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      71,131 SF

      Prime Nassau County Retail Space

      High-traffic location, large vacant space.
      50 Cherry Valley Ave, West Hempstead, NY 11552
      View Details
    • $29 SF/Yr
      34,681 SF

      Cherry Valley Plaza: Retail Investment

      West Hempstead, NY Retail Center - 15 Suites
      456-488 Hempstead Tpke, West Hempstead, NY 11552
      View Details
    • $23 SF/Yr
      5,500 SF

      Retail/Medical Space Near LIRR

      Freestanding, renovated retail/medical building near train and new complex.
      165 Woodfield Rd, West Hempstead, NY 11552
      View Details
    • $4,800 /Mo
      1,560 SF

      West Hempstead Retail Space Available

      Retail space for rent in West Hempstead, New York.
      1017 Woodfield Rd, West Hempstead, NY 11552
      View Details
    • $4,750 /Mo

      Retail Space on Hempstead Turnpike

      Prime retail space with high visibility and traffic.
      188-206 Hempstead Tpke, West Hempstead, NY 11552
      View Details
    • $18 SF/Yr
      9,600 SF

      West Hempstead Warehouse Space Available

      9,600 SF warehouse space available for lease.
      59 Hempstead Gardens Dr, West Hempstead, NY 11552
      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.
    124 Nassau Blvd
    West Hempstead, NY 11552-1028
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.