Sign Up Successful!
You now have access to more from Realmo!
    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 Tpke, Unit 202 Floral Park, NY 11001

    Sponsored
    For Lease
    $1,900 /Mo

    COMMERCIAL - Floral Park, NY

    Type:Office
    Days on Market:
    87
    Last Refresh:
    Feb 6 at 2:06 pm

    Property Features for 249-02 Jericho Tpke

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    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

    Realty Executives Powerhouse (516) 437-8080

    Listing agent Lizette Beltran (917) 940-0069

    Listing date Nov 12, 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.

    Learn more

    Property Insight Report

    Overview

    Floral Park Creative Office Space

    This commercial space in Floral Park, NY, offers a creative environment suitable for various businesses. The building is well-maintained. The owner covers the costs for heat, electricity, air conditioning, and taxes. An elevator is available for convenient access. The location offers convenient access to buses, the Long Island Rail Road (LIRR), and the highway.
    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

    • $4,200 /Mo
      1,800 SF

      Floral Park Commercial Studio Space

      Spacious 1,800 sq ft commercial studio in Floral Park Village.
      249-12 Jericho Tpke, Floral Park, NY 11001
      View Details
    • $3,800 /Mo
      1,518 SF

      Versatile Commercial Studio in Floral Park

      Spacious 1,518 sq ft studio in Floral Park Village.
      24912 Jericho Tpke, Floral Park, NY 11001
      View Details
    • $11,000 /Mo
      3,920 SF

      Glen Oaks Commercial Space Available

      4000 SF commercial space suitable for office, retail, or warehouse.
      257-10 Union Tpke, Glen Oaks, NY 11004
      View Details
    • $2,350 /Mo

      Floral Park Creative Office Space

      Well-maintained creative space in Floral Park, convenient location.
      249-02 Jericho Tpke, Floral Park, NY 11001
      View Details
    • $14,000 /Mo
      3,999 SF

      Renovated Office Space in Floral Park

      6,000 sq ft renovated office space for rent.
      504 Cherry Ln, Floral Park, NY 11001
      View Details
    • $3,500 /Mo
      500 SF

      Renovated Office Space in Floral Park

      Renovated office space with reception and parking in Floral Park.
      26234 Grand Central Pkwy, Floral Park, NY 11005
      View Details
    • $3,200 /Mo
      1,300 SF

      Floral Park Office Space Available

      1300 sq ft office space in high-traffic Floral Park.
      387a Jericho Tpke, Floral Park, NY 11001
      View Details
    • $1,800 /Mo
      4,380 SF

      Floral Park Office Sublet Space

      Bright office space suitable for various uses in Floral Park.
      265 Jericho Tpke, Floral Park, NY 11001
      View Details
    • $1,000 /Mo
      1,000 SF

      Elmont Office Space For Rent

      Office space in prime Elmont location, utilities included.
      474 Meacham Ave, Elmont, NY 11003
      View Details
    • $3,900 /Mo
      1,160 SF

      Floral Park Free Standing Office

      7,200 SF office building with parking and utilities included.
      275 Jericho Tpke, Floral Park, NY 11001
      View Details
    • $2,100 /Mo
      725 SF

      Floral Park Office Space Available

      Office space in high-traffic Floral Park location, convenient first-floor access.
      344 Jericho Tpke, Floral Park, NY 11001
      View Details
    • $3,000 /Mo
      1,000 SF

      Elmont Office Space For Rent

      1000 sq ft office/storage space in prime Elmont location.
      474 Meacham Ave, Elmont, NY 11003
      View Details

    FAQs

    What type of property is this?
    Creative space - Creative office space in Floral Park, convenient location.
    Where is this creative space located?
    The property is located at 249-02 Jericho Tpke, Unit 202 Floral Park, NY.
    What are key features of this property?
    This property features: - Owner pays heat, electric, AC, and taxes; - Convenient location near buses, LIRR, and highway; - Well-maintained building
    (516) 437-8080
    Request Owner's contact information
    249-02 Jericho Tpke, Unit 202 Floral Park, NY 11001
    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.
    249-02 Jericho Tpke, Unit 202
    Floral Park, NY 11001
    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
    249-02 Jericho Tpke, Unit 202 Floral Park, NY 11001
    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

    We can help!
    Listing Contact
    Lizette Beltran
    (516) 437-8080
    Learn more
    Google sign-in failed. Please try again or use another login method.