Corner Commercial
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For Sale
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101-01 Jamaica Avenue, Richmond Hill, NY 11418
C2-4 zoning and approved plans define a corner parcel one block from the J Train.
Property Size16,325 SF
Price / SF$113.32
Days on Market7
Property Features for 101-01 Jamaica Avenue
General Information
Standard status
Active
Size
16,325 SF
Property subtype
Land
Zoning
C2-4
Listing Agency:
Matthews
Listed By:
Eli Roerden · License #NY 10401387913
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 15 at 7:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This corner commercial land parcel is located at 101-01 Jamaica Avenue in Richmond Hill, NY 11418. The property carries C2-4 zoning and includes approved plans, providing a defined framework for evaluating future development or commercial use.
The site is positioned one block from the J Train, with the corner-lot configuration providing direct street presence. Its listed property size is 16325.
The site is positioned one block from the J Train, with the corner-lot configuration providing direct street presence. Its listed property size is 16325.
Key Highlights
- C2‑4 zoning
- Approved plans included
- Corner lot configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,699
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,053,980
$2.1M
Cap Rate 7%
$1,467,129
$1.5M
Cap Rate 9%
$1,141,100
$1.1M
Market Conditions
NOI Build-Up for 16,325 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$154.8K $9.48/SF
− Vacancy
−$8.0K −$0.49/SF
EGI
$146.7K $8.99/SF
− OpEx
−$44.0K −$2.70/SF
NOI
$102.7K $6.29/SF
Area
Queens County, NY
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,053,980
Cap Rate 7%
$1,467,129
Cap Rate 9%
$1,141,100
Alternative Uses
Best Use
Retail
$4.16M
$3.64M – $4.86M
NOI $291,401 @ 7.0% cap · market cap 15.75%
Second Best
Industrial
$1.47M
$1.28M – $1.71M
NOI $102,699 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$12.03M
$10.53M – $14.04M
NOI $842,448 @ 7.0% cap · market cap 45.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,412
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 66%
Shops & Services 34%
Boost Mobile
Electronics
3,299 visits/mo
0.4 miles
H&R Block
Shops & Services
1,708 visits/mo
0.3 miles
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - C2-4 zoning and approved plans define a corner parcel one block from the J Train.
Where is this commercial land located?
The property is located at 101-01 Jamaica Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: C2‑4 zoning; Approved plans included; Corner lot configuration
