Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    496 Jerusalem Ave Uniondale, NY 11553-2552

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    496 Jerusalem Ave Uniondale, NY 11553-2552

    View on Map
    • Retail space
    • 1,875 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US63-5589380
    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.
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Titi african hair braiding / Hair Salon / Nail Salon
    • Ehd the Beauty Shop Inc / Hair Salon / Nail Salon

    Property Details for 496 Jerusalem Ave

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    1,875 SF
    Property type
    Retail space
    APN
    36-123-00-0162
    APU
    36123000162

    Description

    This exceptional investment opportunity presents a prime commercial office building located at 496 Jerusalem Avenue in Uniondale, New York, 11553. The property boasts a highly desirable corner location, ensuring maximum visibility and accessibility for potential tenants. The building offers ample parking with 10 spaces available, a significant advantage in a competitive market. While the exact square footage is currently unavailable, the asking price is $1,500,000. This presents a strong return potential for investors seeking a well-situated commercial property in a thriving area. The property's prominent location on Jerusalem Avenue in Uniondale offers easy access to major transportation routes and a diverse range of local amenities. Further details regarding the building's interior layout and specifications are available upon request. This is an excellent chance to acquire a valuable asset in a strategic location with significant growth potential. Serious inquiries are encouraged to explore this lucrative investment opportunity. Contact the listing agent for further information and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $795,000
      Current use
      COMMERCIAL (GENERAL)
      $1,135,000
      Change: +42% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,080,000
      Change: +36% Conversion: Difficult
      WAREHOUSE, STORAGE
      $945,000
      Change: +19% Conversion: Difficult
      OFFICE BUILDING
      $835,000
      Change: +5% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Uniondale
    County
    Nassau
    State
    New York
    Longitude
    -73.5984
    Latitude
    40.7012
    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
    $28,562
    $1,176
    $3,795
    $4,971
    -
    $0.00
    $0.00
    $497,100

    Comparable in this City

    • Value Estimation
      $585,000
      2,503 SF

      604-606 Jerusalem Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,503 SF
      604-606 Jerusalem Ave, Uniondale, NY 11553
      View Details
    • Value Estimation
      $555,000
      1,484 SF

      940 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 1,484 SF
      940 Frnt St, Uniondale, NY 11553-1541
      View Details
    • Value Estimation
      $735,000
      3,150 SF

      420 Uniondale Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      420 Uniondale Ave, Uniondale, NY 11553-1909
      View Details
    • Value Estimation
      $845,000
      2,040 SF

      2 Stanton Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      2 Stanton Blvd, Uniondale, NY 11553-2723
      View Details
    • Value Estimation
      $960,000
      4,380 SF

      292 Uniondale Ave, Unit 296

      RETAIL STORES (PERSONAL SERVICES) • 4,380 SF
      292 Uniondale Ave, Uniondale, NY 11553
      View Details
    • Value Estimation
      $500,000
      2,800 SF

      433 Jerusalem Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      433 Jerusalem Ave, Uniondale, NY 11553-2505
      View Details

    Similar Nearby for Sale

    • $1,199,000
      0.14 Acres

      Uniondale Renovated Three-Bay Shop

      Newly renovated three-bay shop with ample storage and parking.
      478 Jerusalem Ave, Uniondale, NY 11553
      View Details
    • $825,000

      Uniondale Multi-Family Home For Sale

      Two-family home with income potential in Uniondale, New York.
      185 Lawrence St, Uniondale, NY 11553
      View Details
    • Contact for pricing

      Cleared Land in Hempstead

      Paved lot with excellent visibility near transportation and shopping.
      160 Marvin Ave, Hempstead, NY 11553
      View Details
    • $2,850,000

      Four Commercial Spaces on Main

      Four commercial spaces available on a walkable street.
      490-498 Uniondale Ave, Uniondale, NY 11553
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Hempstead Turnpike

      Retail space available on heavily trafficked Hempstead Turnpike.
      2440 Hempstead Tpke, East Meadow, NY 11553
      View Details
    • $10,000 /Mo
      8,002 SF

      Uniondale Warehouse Storefront For Rent

      Corner warehouse with storefront, office, loading dock, and basement.
      1065 Front St, Uniondale, NY 11553
      View Details
    • Contact for pricing
      639,302 SF

      Earle Ovington Health Club Space

      Omni-Health Club with pool and concierge services available for rent.
      333 Earle Ovington Blvd, Uniondale, NY 11553
      View Details
    • Contact for pricing
      16,504 SF

      Uniondale Office Sublease Opportunity

      16,504 SF office space available for sublease in Uniondale.
      333 Earle Ovington Blvd, Uniondale, NY 11553
      View Details
    • Contact for pricing
      4,875 SF

      Uniondale Office Space For Rent

      Office space available for lease in Uniondale, New York.
      Rxr Plz, Uniondale, NY 11553
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    496 Jerusalem Ave
    Uniondale, NY 11553-2552
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!