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    Property profile & analytics

    31 Franklin Ave Hewlett, NY 11557-2038

    • Retail space
    • 368 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $3,470,000
    Last Sale
    May 26, 2022
    $3,650,000
    Location Intelligence
    Property ID
    US63-5558379
    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

    • Driving School of Hewlett / Driving School
    • Gold Star Mechanical HEATING AND COOLING / Hvac Contractor
    • Dunkin' / Takeout Restaurant / Bakery
    • Grow By Media inc. We Bring The Cloud To You Lets APP! / Website Designer
    • Part Showcase / Plant Nursery

    Property Details for 31 Franklin Ave

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.36 lot acres
    Property size
    368 SF
    Property type
    Retail space
    APN
    39-121-00-0202
    APU
    39121000202

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,410,000
      6.5%
      $3,910,000
      7%
      $4,065,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,745,000
      Geo Method
      $3,290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,105,000
      Retail
      $3,320,000
      Mixed-Use
      $3,905,000
      Hospitality
      $3,275,000
      Educational
      $3,090,000
      Residential Income
      $3,550,000
      Energy
      $4,065,000
      Income-Based Land
      $3,500,000
      Food Service
      $3,545,000

    Location Insight

    • Map
    • Local Demand
    City
    Hewlett
    County
    Nassau
    State
    New York
    Longitude
    -73.7042
    Latitude
    40.637
    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
    $99,653
    $4,452
    $12,234
    $16,686
    -
    $0.00
    $0.00
    $1,668,600

    Comparable in this City

    • Value Estimation by Request
      6,185 SF

      1296 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 6,185 SF
      1296 Broadway, Hewlett, NY 11557-2113
      View Details
    • Value Estimation by Request
      3,364 SF

      1245 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 3,364 SF
      1245 Broadway, Hewlett, NY 11557-2015
      View Details
    • Value Estimation by Request
      4,900 SF

      1191 Broadway, Unit 99

      RETAIL STORES (PERSONAL SERVICES) • 4,900 SF
      1191 Broadway, Hewlett, NY 11557-2323
      View Details
    • Value Estimation by Request
      1,054 SF

      15 Prospect Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,054 SF
      15 Prospect Ave, Hewlett, NY 11557-1631
      View Details
    • Value Estimation
      $685,000
      882 SF

      1263-1267 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 882 SF
      1263-1267 Broadway, Hewlett, NY 11557
      View Details
    • Value Estimation by Request
      0.60 Acres

      1300 Peninsula Blvd, Unit 1368

      RETAIL STORES (PERSONAL SERVICES) • 0.60 Acres
      1300 Peninsula Blvd, Hewlett, NY 11557-1226
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail spaces available near Peninsula Boulevard and Mill Road.
      1300-1368 Peninsula Blvd, Hewlett, NY 11557
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    • Contact for pricing
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      Retail Space in Busy Center

      Retail space available in a busy neighborhood shopping center.
      1296-1340 Broadway, Hewlett, NY 11557
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    • $2,999 /Mo

      Storage and Office Space Combo

      Storage and office space suitable for e-commerce or contractors.
      3 Crescent St, Hewlett, NY 11557
      View Details
    • Contact for pricing
      7,050 SF

      Office Space with Planned Improvements

      Office space for rent with prominent signage and planned upgrades.
      1315 Peninsula Blvd, Hewlett, NY 11557
      View Details
    • $3,000 /Mo

      Renovated Apartment Near Grant Park

      Renovated 2nd-floor apartment with private entrance and modern amenities.
      108 Sheridan Ave, Hewlett, NY 11557
      View Details
    • $9 SF/Yr
      2,755 SF

      Hewlett Office Space For Rent

      Office spaces available for rent in Hewlett, NY.
      1553 Broadway, Hewlett, NY 11557
      View Details

    Property Visit Statistics

    • Visits by month
      21.3k
    • Visitors by month
      10.8k
    • Avg Time on site
      11 min
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    31 Franklin Ave
    Hewlett, NY 11557-2038
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    Realmo Value Estimation

    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.

    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.

    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
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