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175 Baldwin Rd, Hempstead, NY 11550
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Property summary
AI-generated overview
This exceptional multi-tenant retail storefront at 175 Baldwin Road, Hempstead, NY 11550, offers a prime investment opportunity. Boasting 7,550 square feet on a generous 8,550 square foot lot, this property enjoys excellent visibility at a heavily trafficked four-corner intersection. The building features three tenants and currently generates $90,120 in annual revenue. Available space totals 4,600 square feet, divisible into ground floor retail/office (1,840 SF), second-floor office (225 SF), and warehouse space (2,535 SF). The warehouse boasts a 14-foot ceiling, while retail and office areas have 10-foot ceilings. Convenient features include one loading dock with a driveway accommodating trucks and several cars, plus an additional 200 square feet of basement storage. The property is zoned Business B and benefits from a new roof installed in 2015. This location presents a compelling opportunity for both users and investors seeking a well-maintained, high-traffic retail space in a thriving Nassau County market.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1923
Construction
FRAME
Total area
2,832 SF
Lot
0.2 ac (8,600 SF)
APN
36-071-00-0051
UPID
US63-5760669
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cosmetic Store
-
Hair Salon
-
Hair Salon
-
Hair Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$805k
Owner & transaction history
since 2012
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Office building
$1.3M
+2.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 23 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$805k
Value range
$725k – $886k
±10% around blend
Estimated value / SF
$284 / SF
Confidence
High
23 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$725k
blend $805k
$886k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,832 SF
Lot area
0.2 ac
Year built
1923
Stories
1
APN
36-071-00-0051
Assessed value
$7,780
Annual tax
$34,735
3
Income approach: direct capitalization
Partial preview
Income approach indication
$600k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$650k
@ 6.5% CAP return
$600k
@ 7% CAP return
$560k
4
Sales comparison
Partial preview
Sales approach indication
$1.11M
Weighted, 20 comps · high confidence
Evidence
23 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.4 mi away · 2,000 SF
6.5 mi away · 2,480 SF
6.5 mi away · 2,600 SF
6.8 mi away · 2,200 SF
7.3 mi away · 2,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$805k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 26 sales
$436
-35%
Submarket 51 sales
$605
-53%
County 604 sales
$647
-56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $284/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+2%
vs current-use indication
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 23 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8k
Move the market yield to see immediate price impact.
Value / SF
$3
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$491
$10k
$7k
$5k
$545
$11k
$8k
$6k
$600
$12k
$9k
$7k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
23 found
High confidence · county-verified
Closest comparable
$700k
5.1 mi · Feb 2026 · $323/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,735
Tax year 2023
Assessed value
$7,780
Assessed 2023
Previous assessed
$7,780
+0.0% YoY
Effective rate
446.47%
On assessed value
Assessed land
$2,107
Assessed improvement
$5,673
Total market value
$778,000
Applied tax rate
399.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1923
Construction
FRAME
Heating
FORCED AIR
Stories
1
Total area
2,832 SF
Lot
0.2 ac (8,600 SF)
APN
36-071-00-0051
UPID
US63-5760669
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
FRAME
Heating
FORCED AIR
Stories
1
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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