This exceptional medical office space, located at 380 Hempstead Avenue in West Hempstead, NY 11552, offers a fantastic opportunity for medical professionals seeking a well-established presence in a thriving community. The building, constructed in 1963, is a two-story structure encompassing a total of 6,720 square feet and features one available suite of 1,864 square feet. The property is classified as a multi-tenant building, providing a collaborative and professional environment. Convenient on-site parking is available with a ratio of 4 spaces per 1000 square feet. The building is equipped with elevators for easy access to both floors. This is a single building property, ideal for a variety of medical practices. The property's location in West Hempstead, New York offers easy access to major transportation routes and a strong local patient base. This is a rare opportunity to secure a well-situated medical office space in a desirable location. The building's age is complemented by its well-maintained condition and functional layout, making it an attractive option for medical professionals seeking a comfortable and efficient workspace. The available suite provides ample space for a variety of medical specialties. Don't miss this chance to establish or expand your practice in this prime West Hempstead location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$555,508
6.5%
$512,777
7%
$476,150
Comparable approach
Method
Valuation
Relative Method
$439,018
Geo Method
$439,018
Alternative Use
Use
Valuation
Residential
$635,843
Hospitality
$582,429
Educational
$484,574
Medical
$501,239
Retail
$753,782
Location Insight
City
West Hempstead
County
Nassau
State
New York
Latitude
40.6986
Longitude
-73.6517
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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