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    The Largest CRE Database in the US with Over 1 Million Listings

    Gladys Ramirez, Flushing, NY

    License ID: 31RA0597323
    Association
    Long Island Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (347) 351-5846
    Office Address:
    102-01 Northern Blvd., Flushing, NY 11368

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Residential Multi Family

    Performance

    Listings
    15

    Listings

    For Sale (9)

    View map
    • $1,299,000
      0.04 Acres

      Corona Multifamily Property For Sale

      Multifamily property in Corona, Queens. Easy to show.
      35-18 108Th St, Corona, NY 11368
      View Details
    • $1,150,000
      Pending

      East Elmhurst Two-Family Home

      Two-family home near Northern Boulevard with parking and rental potential.
      32-26 103Rd St, East Elmhurst, NY 11369
      View Details
    • $185,000
      2,540 SF

      East Elmhurst Turnkey Restaurant Opportunity

      Profitable, fully-equipped Ecuadorian restaurant for sale in East Elmhurst.
      9109 31St Ave, East Elmhurst, NY 11369
      View Details
    • $299,000
      2,800 SF

      East Elmhurst Bar Restaurant Opportunity

      Fully equipped bar and restaurant for sale in East Elmhurst.
      88-11 31St Ave, East Elmhurst, NY 11369
      View Details
    • $3,997,000
      6,201 SF

      Jamaica Multifamily Investment Opportunity

      Modern 8-unit building near Sutphin Blvd F train station.
      87-87 144Th St, Jamaica, NY 11435
      View Details
    • $35,000
      12,000 SF

      Rockaway Beach Restaurant Opportunity

      Restaurant for sale near the beach, needs some work.
      97-20 Rockaway Beach Blvd, Rockaway Beach, NY 11693
      View Details
    • $1,199,000
      Pending

      East Elmhurst Brick Duplex

      Two-family brick house with finished basement and backyard.
      3219 104Th St, East Elmhurst, NY 11369
      View Details
    • $110,000

      Queens Land For Sale

      Land available in Queens, New York.
      10322 Northern Blvd, Queens, NY 11368
      View Details
    • $185,000

      Established Restaurant in East Elmhurst

      Turnkey Ecuadorian restaurant for sale in a vibrant neighborhood.
      9109 31St Ave, Queens, NY 11369
      View Details

    For Lease (6)

    View map
    • $7,500 /Mo
      900 SF

      Elmhurst Retail Space for Rent

      Retail space available near Roosevelt Ave, ready for immediate occupancy.
      40-07 95Th St, Elmhurst, NY 11432
      View Details
    • $1,500 /Mo
      4,574 SF

      Jackson Heights Office Space Available

      Office space for rent in a busy Jackson Heights area.
      8203 Roosevelt Ave Unit, Jackson Heights, NY 11372
      View Details
    • $3,500 /Mo

      Retail Storefront in Corona, NY

      Retail space available for rent in Corona, NY.
      95-15 Northern Boulevard, Corona, NY 11368
      View Details
    • $4,000 /Mo
      4,574 SF

      Roosevelt Avenue Office Space

      Second-floor office space in high-traffic Corona location.
      9718 Roosevelt Ave, Corona, NY 11368
      View Details
    • $4,200 /Mo

      Retail Store for Rent

      Store for rent suitable for various businesses.
      95-15 Northern Blvd, Queens, NY 11368
      View Details
    • $7,500 /Mo

      Retail Storefront Near Roosevelt Avenue

      Store for rent, suitable for any business, near transportation.
      40-07 95Th St, Jamaica, NY 11432
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Gladys Ramirez, Flushing, NY
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    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.

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