Entity Owned
No photos on file
For Sale
Contact for pricing
236 Fulton Ave, Hempstead, NY 11550
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,156 SF
Lot
0.29 ac (12,807 SF)
APN
34-339-00-0101
UPID
US63-5867810
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
-
Loan Service Bank
-
Law Firm
-
Hair Salon Nail Salon
-
Nail Salon
-
Social Service Agency Charitable Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.34M
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$4.44M
Owner & transaction history
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Warehouse, storage
$6.1M
+12.8%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.44M
Value range
$4.00M – $4.88M
±10% around blend
Estimated value / SF
$365 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
$4.00M
blend $4.44M
$4.88M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,156 SF
Lot area
0.29 ac
Year built
1938
Stories
2
APN
34-339-00-0101
Assessed value
$19,141
Annual tax
$88,815
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.43M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.72M
@ 6.5% CAP return
$3.43M
@ 7% CAP return
$3.19M
4
Sales comparison
Partial preview
Sales approach indication
$4.45M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.5 mi away · 8,721 SF
12.2 mi away · 14,318 SF
17.1 mi away · 15,026 SF
17.2 mi away · 10,320 SF
17.3 mi away · 12,288 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.44M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 20 sales
$446
-18%
County 295 sales
$706
-48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $365/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+13%
vs current-use indication
Office Building · current use
Commercial (general)
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 · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.00%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$288k *
Last sale · May 2023
$4.11M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.75M
Move the market yield to see immediate price impact.
Value / SF
$473
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
4.50%5.00%5.50%
$259k
$5.75M
$5.18M
$4.71M
$288k
$6.39M
$5.75M
$5.23M
$316k
$7.03M
$6.33M
$5.75M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$5.10M
7.1 mi · Mar 2026 · $514/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$88,815
Tax year 2023
Assessed value
$19,141
Assessed 2023
Previous assessed
$19,141
+0.0% YoY
Effective rate
464.00%
On assessed value
Assessed land
$2,719
Assessed improvement
$16,422
Total market value
$1,914,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
12,156 SF
Lot
0.29 ac (12,807 SF)
APN
34-339-00-0101
UPID
US63-5867810
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.29 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.
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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.
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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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