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Property profile & analytics
FOR LEASE
Investment properties
316-318 Fulton Ave Hempstead, NY 11550
Entity Owned
7-yr Hold
Property ID
US63-5588931
For Lease
1 / 8
$34 SF/Yr
316-318 Fulton Ave, Hempstead, NY 11550
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1911
Construction
FRAME
Total area
3,381 SF
Lot
0.22 ac (9,800 SF)
APN
34-340-00-0318
UPID
US63-5588931
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
-
Future Idea Insurance NY Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.03M
Owner & transaction history
Hempstead Shg 2 LLC · 7 yrs held
Hempstead Shg 2 LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.7M
+15.3%
Office building
$1.5M
+2.2%
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 Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$665,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,475,000
Current use
WAREHOUSE, STORAGE
$1,700,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,505,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,435,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$305 / 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
$52,899
Tax year 2023
Assessed value
$11,765
Assessed 2023
Previous assessed
$11,357
+3.6% YoY
Effective rate
449.63%
On assessed value
Assessed land
$3,087
Assessed improvement
$8,678
Total market value
$1,176,500
Applied tax rate
399.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1911
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
3,381 SF
Lot
0.22 ac (9,800 SF)
APN
34-340-00-0318
UPID
US63-5588931
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1911
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Hempstead Shg 2 LLC
Entity
Mailing address
500 OLD COUNTRY RD, GARDEN CITY, NY 11530-1901
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2018
$1,200,000
Hempstead Shg 2 LLC
316-318 Fulton Lg LLC
Bargain And Sale Deed
—
Sep 23, 2016
$575,000
316-318 Fulton Lg LLC
Referee Of Nassau County|macwcp II LLC
Trustees Deed
related
$500,000 · Barry Singer
Mar 26, 2012
$350,000
316-318 Fulton LLC
Pekich,peter A
Quit Claim Deed
—
Jun 8, 2011
$5,646
Peter A Pekich
Treasurer Of Nassau County
Grant Deed
—
Dec 7, 2007
$1,545,398
316-318 Fulton LLC
Lentini,vincent M
Grant Deed
—
—
—
Hempstead Shg 2 LLC
—
Loan Modification, Consolidation And Extension
related
$2,520,000 · Sharestates Invs Dacl LLC
—
—
316-318 Fulton Lg LLC
—
Loan Modification, Consolidation And Extension
related
$520,000 · Marvin Kornmehl
—
—
316-318 Fulton Lg LLC
—
Deed Of Trust
related
$20,000 · Marvin Kornmehl
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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