New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,285,000
Office buildings
320 Fulton Ave, Hempstead, NY 11550
Individually Owned
1-yr Hold
Free & Clear
Property ID
US63-5404419
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
CONCRETE
Total area
14,000 SF
Lot
0.32 ac (13,983 SF)
APN
34-340-00-0030
UPID
US63-5404419
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.71M
Blend (final)
Blend
$8.29M
Owner & transaction history
The Incorporated Village Of Hempste · 1 yrs held
The Incorporated Village Of Hempste
since 2025
Last sale
$8.8M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.4M
+99.1%
Neighborhood: shopping center
$12.3M
+96.8%
Industrial (general)
$8.4M
+35.3%
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
$8,085,000
ML approach
$8,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,240,000
Current use
RESTAURANT
$12,430,000
Change: +99% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,280,000
Change: +97% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,445,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,185,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,040,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,105,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$8.29M
Range $7.46M – $9.11M · ±10% · vs last sale $8.75M (Mar 21 2025)
Last sale anchor
$8.75M
Mar 21 2025
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
$592 / 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
$131,256
Tax year 2023
Assessed value
$79,853
Assessed 2023
Previous assessed
$79,853
+0.0% YoY
Effective rate
164.37%
On assessed value
Assessed land
$4,410
Assessed improvement
$75,443
Total market value
$7,985,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Total area
14,000 SF
Lot
0.32 ac (13,983 SF)
APN
34-340-00-0030
UPID
US63-5404419
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
$6.2M
RESTAURANT
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.3M
INDUSTRIAL (GENERAL)
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.2M
WAREHOUSE, STORAGE
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1956
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
6
Lot
0.32 ac
Current owner
From public records · entity-resolved
The Incorporated Village Of Hempste
Individual
Free & Clear · 1 yrs held
Mailing address
57 WILLOUGHBY ST, BROOKLYN, NY 11201-5257
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$8,750,000
The Incorporated Village Of Hempste
Helen Keller Services
Deed
—
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 320 Fulton Ave?
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.
