Medical Office Condo
For Sale
$450,000
122-15 25th Road #CF3, Flushing, NY 11354
Commercial condominium space with two half baths, private parking, and access to public transportation.
Property Size1,163 SF
Days on Market349
Property Features for 122-15 25th Road #CF3
General Information
Standard status
Active
Size
1,163 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
HOA Fee
$640
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,041
Building Details
Building Size
1,163 SF
Year Built
1983
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Samantha Chang
(917) 293-8428
Source:
Callexitfirst
Added: Oct 6, 2025
Changed: Sep 18
Last Checked: Sep 18 at 5:18AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This commercial condominium unit provides over 1,160 square feet of interior space, two half baths, and one private parking space. Built in 1983, the suite is positioned for professional operations such as medical care, physical therapy, daycare, studio use, or community services.
The property is located at 122-15 25th Road in Flushing, with convenient access to public transportation. Its flexible configuration and existing restroom and parking features support a range of office and service-oriented applications.
The property is located at 122-15 25th Road in Flushing, with convenient access to public transportation. Its flexible configuration and existing restroom and parking features support a range of office and service-oriented applications.
Key Highlights
- Over 1,160 sq.ft. of commercial condominium space
- Two half baths within the suite
- One private parking space
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
$38,290
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
8.51%
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%
$765,800
$765.8K
Cap Rate 7%
$547,000
$547.0K
Cap Rate 9%
$425,444
$425.4K
Market Conditions
NOI Build-Up for 1,163 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
$58.6K $50.40/SF
− Vacancy
−$7.6K −$6.50/SF
EGI
$51.1K $43.90/SF
− OpEx
−$12.8K −$10.97/SF
NOI
$38.3K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$765,800
Cap Rate 7%
$547,000
Cap Rate 9%
$425,444
Alternative Uses
Best Use
Office B
$547.0K
$478.6K – $638.2K
NOI $38,290 @ 7.0% cap · market cap 8.51%
Second Best
Healthcare Medical
$383.1K
$335.2K – $446.9K
NOI $26,816 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$857.4K
$750.2K – $1.00M
NOI $60,016 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial condominium space with two half baths, private parking, and access to public transportation.
Where is this medical office space located?
The property is located at 122-15 25th Road #CF3 Flushing, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Over 1,160 sq.ft. of commercial condominium space; Two half baths within the suite; One private parking space
