Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    249-02 Jericho Turnpike Floral Park, NY 11001

    View on Map
    Claim this Listing
    For Lease
    $1,800 /Mo

    COMMERCIAL - Floral Park, NY

    Type:Office
    Added:
    Oct 8, 2025
    Days on Market:
    193
    Last Refresh:
    Apr 18 at 2:06 pm

    Property Features for 249-02 Jericho Turnpike

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    20000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Building materials
    Stucco

    We can help!

    Listing Contact
    Lizette Beltran

    Listing agent Lizette Beltran

    Listing office Realty Executives Powerhouse 24406 Jericho Tpke, Floral Park, NY

    Listing date Oct 8, 2025

    MLS# 922470

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Floral Park Creative Commercial Space

    This commercial space is located in Floral Park, New York. The property is well-maintained. The owner covers the costs of heat, electricity, air conditioning, and taxes. An elevator is available. The location is convenient, with buses, the Long Island Rail Road (LIRR), and a highway nearby. This space is suitable for creative businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brighter Dental Center Dental Office Pallavi Patel Physician Faresandbeyond Association Or Organization Travelomatrix Travel Agency Steps To Success Occupational ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Floral Park
    County
    Queens
    State
    New York
    Longitude
    -73.71762
    Latitude
    40.72592

    Nearby Similar for Lease

    • Contact for pricing

      Floral Park Office Space

      1300 sq ft office with new HVAC and parking.
      387A Jericho Turnpike, Floral Park, NY 11001
      View Details
    • Contact for pricing

      Renovated Office Space in Floral Park

      6,000 sq ft renovated office space for rent.
      504 Cherry Lane, Floral Park, NY 11001
      View Details
    • Contact for pricing

      Retail Space with Garage

      Commercial space for rent with garage and unfinished basement.
      2 Mckee Street, Floral Park, NY 11001
      View Details
    • Contact for pricing

      Floral Park Creative Space Available

      Creative space in well-maintained building near transportation.
      249-02 Jericho Turnpike, Floral Park, NY 11001
      View Details
    • $30/mo

      North Shore Towers

      Co-sharing space available in Floral Park, NY.
      26910 Grand Central Pkwy, Unit Arcade Level, Floral Park, NY 11005
      View Details
    • Contact for pricing

      North Shore Towers

      Co-sharing space available for dermatologist/dental/internist in Floral Park, NY.
      26910 Grand Central Pkwy Floral Park # NY 11005, Unit arcade level, Floral Park, NY 11005
      View Details
    • $30/mo

      Office Space Near Transportation Hubs

      Office space for rent, convenient access to transportation and amenities.
      102-114 Jericho Tpke, Floral Park, NY
      View Details
    • Contact for pricing

      Office Space Near LIRR Station

      Office space available near LIRR Floral Park Station.
      13 Mayflower Pl, Floral Park, NY
      View Details
    • Contact for pricing

      Floral Park Office Space Available

      50000 sqft office space for rent in Floral Park.
      99 Tulip Ave, Floral Park, NY
      View Details
    • Contact for pricing

      Office Space Near LIRR Station

      Office space for rent, close to transportation and amenities.
      51 Atlantic Ave, Floral Park, NY
      View Details
    • Contact for pricing

      Free Standing Retail Building

      Retail building with drive-thru and exclusive parking.
      2 Whitney Ave, Floral Park, NY
      View Details
    • Contact for pricing

      Floral Park Office Space Available

      1,025 SF office space for rent in Floral Park.
      35 N Tyson Ave, Floral Park, NY 11001
      View Details

    FAQs

    What type of property is this?
    Creative space - Creative commercial space in Floral Park, convenient location.
    Where is this creative space located?
    The property is located at 249-02 Jericho Turnpike Floral Park, NY.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: Owner pays heat, electric, AC, and taxes; Convenient location near buses, LIRR, and highway; Elevator available
    (516) 437-8080
    We can help!
    Listing Contact
    Lizette Beltran
    Learn More
    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.
    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!