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Property profile & analytics
OFF-MARKET
Estimated value
$3,535,000
Office buildings
4271 Hempstead Tpke, Bethpage, NY 11714-5708
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-4018899
Property summary
AI-generated overview
This exceptional Class A medical office building, totaling 9,878 square feet, is available for sale at $5,000,000. Located at 4271 Hempstead Turnpike in Bethpage, NY (zip code 11714), this fee-simple property sits on a 0.6-acre lot and offers a prime location with 175 feet of frontage on a high-traffic road boasting 45,000 vehicles per day. The single-story, 1985-built building is currently vacant, presenting a unique owner-user opportunity or value-add potential for investors. Its strategic location near St. Joseph's Hospital (a 203-bed facility), Bethpage State Park, and the 290,000 square foot Nassau Mall ensures high visibility and strong potential for tenant attraction. The property includes approximately 4.15 parking spaces. This is an excellent chance to acquire a well-situated medical office building in a thriving Nassau County market. The asking price translates to $506.18 per square foot. The property is a single unit.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,939 SF
Lot
0.6 ac (26,267 SF)
APN
49-00C-00-0308
UPID
US63-4018899
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
-
Jason Moston Foster Care Service Social Service Agency
-
Rapid Commercial Garbage Collection Service Waste Management Facility
-
Dr. Jerry Ipe Physician
-
Dr. Heather Ogando Pediatrician Physician
-
Iwona Rawinis Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
4271 Hempstead LLC · 3 yrs held
4271 Hempstead LLC
since 2022
Last sale
$3.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.3M
+24.3%
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 Bethpage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethpage 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
$3,490,000
ML approach
$3,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,335,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,245,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,200,000
Change: -8% · Conversion: Easy
RETAIL STORES
$2,815,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.54M
Range $3.18M – $3.89M · ±10% · vs last sale $3.60M (Sep 20 2022)
Last sale anchor
$3.60M
Sep 20 2022
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
$716 / 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
$69,937
Tax year 2023
Assessed value
$9,199
Assessed 2023
Previous assessed
$9,199
+0.0% YoY
Effective rate
760.27%
On assessed value
Assessed land
$8,269
Assessed improvement
$930
Total market value
$919,900
Applied tax rate
569.0000
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
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,939 SF
Lot
0.6 ac (26,267 SF)
APN
49-00C-00-0308
UPID
US63-4018899
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
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
4271 Hempstead LLC
Entity
Mailing address
4271 HEMPSTEAD TPKE, BETHPAGE, NY 11714-5708
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
$3,600,000
4271 Hempstead LLC
4271 Realty Corp
Bargain And Sale Deed
$2,880,000 · Priovide INC
Jan 5, 1998
$550,000
4271 Realty Corp
Bsr 1400 Corp
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.
Try Rey
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