Renovated Medical Office
For Sale
$298,000
12215 25th Road, Flushing, NY 11354
Commercial Sale, Flushing, NY
Property Size912 SF
Lot Size0.23 Acres
Price / SF$326.75
Days on Market343
Property Features for 12215 25th Road
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Basement
Walk-Out Access, Finished
Standard status
Active
APN
04259-1001
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12557
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1983
Building materials
Brick
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Samantha Chang
(917) 293-8428
Added: Sep 12, 2025
Changed: Aug 20
Last Checked: Aug 20 at 6:06AM
MLS# 912491
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.
Investment Insights
Based on property information with market context.
This medical office suite provides 912 square feet of recently renovated space in a brick building constructed in 1983. An updated HVAC system, electric heating, and electric cooling support the interior, while a basement room adds usable auxiliary space. The property is suited to a doctor's office, professional association, or startup business based on the stated use potential.
The suite is located at 12215 25th Road in Flushing, New York, within walking distance of public transportation. Public water and public sewer serve the property, with water available listed among the utilities.
The suite is located at 12215 25th Road in Flushing, New York, within walking distance of public transportation. Public water and public sewer serve the property, with water available listed among the utilities.
Key Highlights
- 912 square feet of renovated medical office space
- Updated HVAC system with electric heating and cooling
- Brick building constructed in 1983
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
$21,029
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
7.06%
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%
$420,580
$420.6K
Cap Rate 7%
$300,414
$300.4K
Cap Rate 9%
$233,656
$233.7K
Market Conditions
NOI Build-Up for 912 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
$38.3K $42.00/SF
− Vacancy
−$3.3K −$3.57/SF
EGI
$35.0K $38.43/SF
− OpEx
−$14.0K −$15.37/SF
NOI
$21.0K $23.06/SF
Area
Queens County, NY
Vacancy
8.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
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%
$420,580
Cap Rate 7%
$300,414
Cap Rate 9%
$233,656
Alternative Uses
Best Use
Office B
$429.0K
$375.3K – $500.5K
NOI $30,027 @ 7.0% cap · market cap 10.08%
Second Best
Healthcare Medical
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$672.3K
$588.3K – $784.4K
NOI $47,064 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated HVAC and renovated interiors support professional office use near public transportation.
Where is this medical office space located?
The property is located at 12215 25th Road Flushing, NY.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 912 square feet of renovated medical office space; Updated HVAC system with electric heating and cooling; Brick building constructed in 1983
