New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,120,000
Office buildings
300 Hempstead Tpke, West Hempstead, NY 11552-1450
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0097312
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,570 SF
Lot
0.72 ac (31,189 SF)
APN
33-502-00-0233
UPID
US63-0097312
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
-
West Hempstead Neck & Spinal Alternative Medicine Practice
-
NDH Web Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Iglesia De Dios Monte Sinai Church
-
Renewing Life Christian Church Church
-
Winston Ceramic Inc Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.31M
CAP Approach
CAP
$2.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.12M
Owner & transaction history
300 Hempstead Realty LLC · 11 yrs held
300 Hempstead Realty LLC
since 2014
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+35.6%
Industrial (general)
$6.4M
+35.3%
Auto repair, garage
$6.1M
+29.4%
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 West Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Hempstead 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
$4,565,000
ML approach
$5,310,000
CAP Approach
CAP Return
Estimation
6%
$3,230,000
6.5%
$2,985,000
7%
$2,770,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,715,000
Current use
COMMERCIAL (GENERAL)
$6,390,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,375,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,100,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,315,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.12M
Range $3.71M – $4.53M · ±10% · vs last sale $4.00M (Oct 22 2020)
Last sale anchor
$4.00M
Oct 22 2020
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
$390 / 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
$241,056
Tax year 2023
Assessed value
$37,400
Assessed 2023
Previous assessed
$37,400
+0.0% YoY
Effective rate
644.53%
On assessed value
Assessed land
$8,662
Assessed improvement
$28,738
Total market value
$3,740,000
Applied tax rate
85.0000
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
10,570 SF
Lot
0.72 ac (31,189 SF)
APN
33-502-00-0233
UPID
US63-0097312
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
$4.7M
COMMERCIAL (GENERAL)
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
300 Hempstead Realty LLC
Entity
Free & Clear · 11 yrs held
Mailing address
11 BROADWAY STE #1168, NEW YORK, NY 10004-1326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2014
$3,625,000
300 Hempstead Realty LLC
Empire Plaza Realty LLC
Deed
—
Oct 16, 2008
$5,600,000
Empire Plaza Realty LLC
Sun & Sun Corp
Grant Deed
$3,400,000 · Intervest National Bank
Mar 28, 2007
$4,950,000
Sun & Sun Corp
Yuns Hempstead Plaza LLC
Grant Deed
—
Jul 7, 1998
$1,350,000
Blue Devil Realty Corp
300 Plaza INC
Grant Deed
—
Sep 29, 1997
—
300 Plaza INC
—
Grant Deed
related
$1,017,000 · Brooklyn Fsb
May 4, 1994
$800,000
300plaza INC
Movtady,d
Grant Deed
$600,000
—
—
Yuns Hempstead Plaza LLC
—
Deed Of Trust
related
$1,774,465 · Nara Bank
—
—
300 Plaza INC
—
Deed Of Trust
related
$216,437 · Brooklyn Fsb
—
—
300 Hempstead Realty LLC
—
Loan Modification
related
$1,430,000 · Ridgewood Svgs Bk
—
—
Empire Plaza Realty LLC
—
Deed Of Trust
related
$3,317,665 · Intervest National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 300 Hempstead Tpke?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
