700 Woodfield Rd W Hempstead, NY 11552
Property profile & analytics
700 Woodfield Rd W Hempstead, NY 11552
- Grocery and convenience stores
- 10,000 SF
- 0.75 lot acres
Property ID
US63-1004128
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.
Location Intelligence
Current Use by Public Records
- ATM / Atm
Property Details for 700 Woodfield Rd
- Year built
- 1964
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.75 lot acres
- Property size
- 10,000 SF
- Property type
- Grocery and convenience stores
- APN
- 35-436-00-0739
- APU
- 35436000739
Description
This exceptional 10,000-square-foot vacant retail building presents a remarkable investment opportunity in West Hempstead, NY. Located at 700 Woodfield Road, this single-story, freestanding structure sits on a sizable 0.75-acre lot (32,501 sq ft) and boasts 13-foot ceilings, offering significant flexibility for various uses. Previously operating as a supermarket, the property includes a full 10,000-square-foot basement with multiple walk-in refrigerators and freezers, ideal for food-related businesses or adaptable to other needs. The building's dimensions are 100' x 100', allowing for potential subdivision. Benefitting from tremendous exposure with 163 feet of frontage on Woodfield Road, just south of Eagle Avenue and directly across from the Lakeview Long Island Railroad Station, this location ensures high visibility and accessibility. Conveniently situated near major thoroughfares, including Hempstead Avenue and the Southern State Expressway, the property enjoys easy access for both customers and employees. The surrounding area demonstrates strong demographics, with over 262,439 residents within a three-mile radius and an average household income exceeding $170,000. The property is zoned for Light Manufacturing, further expanding its potential uses. This is a prime opportunity to acquire a versatile, well-located commercial property in a thriving market. The asking price is $2,900,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,300,000
- 6.5%
- $3,045,000
- 7%
- $2,830,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,276,000
- AI Estimate
- $1,703,000
Market price range: $2.48M - $5.74MMarket price range: $197k - $4.55M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,245,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Hempstead
- County
- Nassau
- State
- New York
- Longitude
- -73.6529
- Latitude
- 40.6858
- 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
$95,122
$7,963
$6,782
$14,745
-
$0.00
$0.00
$1,474,500
