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

    3747 74Th St Jackson Heights, NY 11372

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces in prime Jackson Heights location, all uses considered.

    Property size:
    2,183 SF
    Lot size:
    0.26 Acres

    Property Features for 3747 74Th St

    General Information

    Size
    2,183 SF
    Lot size
    0.26 Acres

    We can help!

    Listing Contact
    Daniel D. Depasquale
    Source: Moodyscre

    Listing Agent: Daniel D. Depasquale

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space Available

    This property features retail spaces that can be combined for a total of 5,576 square feet. The available spaces are second generation and have separately metered utilities. Located in a prime area of 74th Street in Jackson Heights, the property benefits from a highly dense population. All uses are considered for the space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    74th St Plumbing ... Plumber

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Heights
    County
    Queens
    State
    New York
    Longitude
    -73.89123
    Latitude
    40.747113

    Nearby Similar for Lease

    • $6,000 /Mo
      1,600 SF

      Jackson Heights Office Space Available

      Office space for rent in Jackson Heights, Queens.
      37-55 77Th St, Jackson Heights, NY 11372
      View Details
    • New
      $3,000 /Mo
      2,818 SF

      Jackson Heights Commercial Building For Rent

      Commercial space suitable for retail, medical, offices, or community use.
      88-22 Roosevelt Ave, Jackson Heights, NY 11372
      View Details
    • $3,800 /Mo
      700 SF

      Updated Medical Suite in Jackson Heights

      Move-in ready commercial suite in Washington Plaza, Jackson Heights.
      7312 35Th Ave, Jackson Heights, NY 11372
      View Details
    • $20,000 /Mo

      Retail Store in Prime Location

      Retail space for lease in Jackson Heights/Corona border.
      9501 37Th Ave, Jackson Heights, NY 11372
      View Details
    • $7,000 /Mo
      1,600 SF

      Prime Jackson Heights Office Space

      High-traffic office space ideal for retail, medical, or professional use.
      37-53 82Nd St, Jackson Heights, NY 11372
      View Details
    • $3,200 /Mo
      2,881 SF

      Retail Space in Jackson Heights

      Retail space in a popular area near public transportation.
      8816 Roosevelt Ave, Jackson Heights, NY 11372
      View Details
    • $2,800 /Mo
      600 SF

      Jackson Heights Mixed-Use Space Available

      600 SF office/retail space for rent in Jackson Heights.
      75-16 Roosevelt Ave, Jackson Heights, NY 11372
      View Details
    • $25,000
      3,400 SF

      Prime Jackson Heights Retail/Office Space

      Two-story commercial building with basement near Roosevelt Avenue subway station.
      3753 82Nd St, Jackson Heights, NY 11372
      View Details
    • $75 SF/Yr
      4,000 SF

      Junction Blvd Executive Office Space

      Prime Queens Retail/Office Opportunity
      35-38 Junction Blvd, Jackson Heights, NY 11368
      View Details
    • Contact for pricing
      5,600 SF

      Versatile Retail/Medical/Office Space Available

      Adaptable space suitable for retail, medical, or office tenants.
      7315 Northern Blvd, Jackson Heights, NY 11372
      View Details
    • Contact for pricing
      1,280 SF

      Prime 82nd Street Retail Space

      Retail/office space near 7 train with high foot traffic.
      3749 82Nd St, Jackson Heights, NY 11372
      View Details
    • Contact for pricing
      1,378 SF

      Prime Retail Space in Jackson Heights

      Retail space in high-traffic Jackson Heights location.
      3733-3743 74Th St, Jackson Heights, NY 11372
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces in prime Jackson Heights location, all uses considered.
    Where is this retail space located?
    The property is located at 3747 74Th St Jackson Heights, NY.
    What are key features of this property?
    This property features: - Prime 74th Street-Jackson Heights location with highly dense population; - All uses considered; - All spaces can be combined totaling 5,576 SF
    (201) 731-8511
    Request Owner's contact information
    3747 74Th St Jackson Heights, NY 11372
    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.
    3747 74Th St
    Jackson Heights, NY 11372
    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
    3747 74Th St Jackson Heights, NY 11372
    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
    Daniel D. Depasquale
    (201) 731-8511
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.