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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Office buildings
1975 Hempstead Tpke, East Meadow, NY 11554-1758
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1625199
Property summary
AI-generated overview
This exceptional executive office space, located at 1975 Hempstead Turnpike in East Meadow, NY, offers a fantastic opportunity for businesses seeking a prestigious address in Nassau County. The building boasts a total of 32,305 square feet, currently featuring multiple tenants. This specific suite comprises 675 square feet of well-maintained office space, perfect for a small team or individual professional. Ample parking is available with 134 spaces provided for tenants and visitors. The property is conveniently situated at 1975 Hempstead Turnpike, in the vibrant East Meadow community, with easy access to major roadways and public transportation, making commuting a breeze. The zip code is 11554. This is a rare opportunity to secure a move-in ready executive office suite in a well-maintained building with convenient amenities. The property is classified as an office building with a subtype of Executive Office and Professional Office. Don't miss out on this chance to establish your business in a prime location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
CONCRETE
Total area
5,216 SF
Lot
1.14 ac (49,615 SF)
APN
45-234-00-0064
UPID
US63-1625199
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bernie Michael Glintz LCSW / BCD Psychotherapist
-
Exchange Solutions, Inc Bank Loan Service
-
The First National Bank of Long Island Bank Loan Service
-
Simi Joseph Physician
-
Elana Friedman Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.44M
Owner & transaction history
United Properties Corp · 9 yrs held
United Properties Corp
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Meadow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Meadow submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,325,000
Current use
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$276 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$215,696
Tax year 2023
Assessed value
$23,171
Assessed 2023
Previous assessed
$45,671
-49.3% YoY
Effective rate
930.89%
On assessed value
Assessed land
$7,726
Assessed improvement
$15,445
Total market value
$2,317,100
Applied tax rate
41.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
5,216 SF
Lot
1.14 ac (49,615 SF)
APN
45-234-00-0064
UPID
US63-1625199
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
1.14 ac
Current owner
From public records · entity-resolved
United Properties Corp
Entity
Mailing address
3000 MARCUS AVE STE #2, NEW HYDE PARK, NY 11042-1096
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2016
—
United Properties Corp
—
Deed
related
$2,230,000 · Bridgehampton Nat'l Bk
Jan 29, 2013
—
Tower Lease Acquisition L Cell
—
Deed Of Trust
related
$5,293,773 · Deutsche Bank Trust Co America
—
—
United Properties Corp
—
Deed Of Trust
related
$2,230,000 · Bridgehampton Nat'l Bk
—
—
Tower Lease Acquisition L Cell
—
Deed Of Trust
related
$250,000 · Cell Tower Lease Funding LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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