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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail space
334 Hempstead Ave West Hempstead, NY 11552-2051
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-5604429
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
FRAME
Total area
1,120 SF
Lot
0.08 ac (3,534 SF)
APN
35-375-00-0019
UPID
US63-5604429
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
-
Physical Therapy Services-New Yrk Physician
-
The Gamers Club Arcade & Gaming Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$575k
Owner & transaction history
L & J Real Estat Holding LLC · 8 yrs held
L & J Real Estat Holding LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$675,000
+42.5%
Auto repair, garage
$645,000
+35.9%
Warehouse, storage
$565,000
+18.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$475,000
Current use
COMMERCIAL (GENERAL)
$675,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$645,000
Change: +36% · Conversion: Difficult
WAREHOUSE, STORAGE
$565,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$513 / 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
$31,778
Tax year 2023
Assessed value
$4,796
Assessed 2023
Previous assessed
$4,796
+0.0% YoY
Effective rate
662.59%
On assessed value
Assessed land
$866
Assessed improvement
$3,930
Total market value
$479,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Total area
1,120 SF
Lot
0.08 ac (3,534 SF)
APN
35-375-00-0019
UPID
US63-5604429
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
RETAIL STORES Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$565,000
OFFICE BUILDING
Est. value
$500,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1925
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
L & J Real Estat Holding LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2818 BAYVIEW AVE, WANTAGH, NY 11793-4312
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2018
$450,000
L & J Real Estat Holding LLC
Kja R/e Holdings Co LLC
Grant Deed
—
Apr 11, 2006
$440,000
Kja Real Estate Holding Co LLC
334 Hempstead Avenue Corp
Grant Deed
—
May 28, 2004
$380,000
Henry Ginsberg
Cohen,aaron
Grant Deed
$266,000 · Delta Funding
May 14, 2004
—
334 Hempstead Avenue Corp
Ginsberg,henry & Debra
Grant Deed
related
—
Apr 28, 1995
$307,000
Hastings A
Farella,manageme
Grant 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.
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