Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Storefront/Office in College Point Title is generated by Realmo AI

    124-01 18th Avenue, College Point, NY 11356

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,380/Mo $31 SF/Yr (calc)

    Renovated storefront/office with backyard in College Point for rent.

    Type:Rental
    Property size:
    1,300 SF
    Added:
    Feb 13, 2025
    Days on Market:
    462
    Last Refresh:
    May 19 at 10:57 pm

    Property Features for 124-01 18th Avenue

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Property subtype
    Rental

    Building Details

    Year Built
    1931

    We can help!

    Listing Contact
    Emmy D. Cai CBR

    Listing agent Emmy D. Cai CBR License #10311207995

    Listing office City Realty Group

    Listing date Feb 13, 2025

    Source Exitrealty

    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 City Realty Group

    HighLights

    • Renovated corner store front/office with high exposure.
    • 1300 sq ft space suitable for various businesses such as day care, tutoring, professional office, salon, etc.
    • Features 4 individual rooms, a waiting area, and a kitchenette.
    • Includes two entrances and a backyard.
    • Property tax included in rent.
    • Additional 1300 sq ft basement available for $1,000 more.

    Overview

    This renovated corner storefront/office is available for rent in College Point. The unit offers significant exposure and includes a backyard. The space is approximately 1300 square feet and features two entrances. The layout includes four individual rooms, a waiting area, and a kitchenette. The property is suitable for various uses, including a day care, tutoring school, lawyer's office, professional office, beauty salon, nail salon, or shipping-related business, but not restaurants. A large basement is available for an additional charge. One to two parking spaces are available during business hours. The tenant is responsible for heat and electricity, while property taxes are included in the rent. An additional 1300 square feet of basement space is available for $1,000 more per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Victoria Flower Wholesale — 1832 127th St, Flushing, NY 11356
    • S & Ic Flower Inc. — 1837 128th St, Flushing, NY 11356

    Location Insight

    • Map
    • Local Demand
    City
    College Point
    County
    Queens
    State
    New York
    Longitude
    -73.848082
    Latitude
    40.783065

    Nearby Similar for Lease

    • $2,500/Mo
      900 SF

      College Point Professional Office Space

      Versatile office space in desirable College Point location.
      12417 18th Avenue, College Point, NY 11356
      View Details
    • $14,500/Mo
      6,000 SF

      College Point Warehouse/Storefront Opportunity

      Two warehouse/storefront units available for lease in College Point.
      2108 College Point Boulevard, College Point, NY 11356
      View Details
    • $2,500/Mo

      College Point Commercial Space Available

      Bright commercial space in College Point, ready for immediate occupancy.
      18-22 College Point Blvd, College Point, NY 11356
      View Details
    • $8,000/Mo
      3,300 SF

      College Point Warehouse with Mezzanine

      Warehouse space with mezzanine, walk-in freezer, and drive-in gate.
      18-36 127TH Street, College Point, NY 11356
      View Details
    • $3,000/Mo

      College Point Retail Space Available

      Newly renovated commercial space in College Point with high foot traffic.
      21-01 College Point Blvd, College Point, NY 11356
      View Details
    • $3,000/Mo
      1,100 SF

      College Point Office Space Available

      Well-maintained office space in College Point with parking.
      15-11 132ND Street, College Point, NY 11356
      View Details
    • $10,000/Mo
      3,456 SF

      College Point Commercial Flex Space

      3,456 SF flex space with office and parking.
      1511 132nd Street, College Point, NY 11356
      View Details
    • $7,466/Mo

      College Point Commercial Space Available

      Office or warehouse space for lease in College Point.
      2230 119th Street, College Point, NY 11356
      View Details
    • $3,500/Mo

      College Point Commercial Space Available

      Newly constructed commercial space in high-traffic College Point location.
      20-22 College Point Boulevard, College Point, NY 11356
      View Details
    • $7,500/Mo

      Commercial Space in College Point

      Commercial space for rent in College Point, Queens.
      1820 130th Street, College Point, NY 11356
      View Details
    • $7,933/Mo

      Warehouse For Lease

      Warehouse space available for lease in College Point, NY.
      2226 119 Street, College Point, NY 11356
      View Details
    • $8,633/Mo

      Warehouse For Lease

      Warehouse space available for lease in College Point, NY.
      2226 119 Street, College Point, NY 11356
      View Details

    FAQs

    What type of property is this?
    Storefront property - Renovated storefront/office with backyard in College Point for rent.
    Where is this storefront property located?
    The property is located at 124-01 18th Avenue College Point, NY.
    What is the lease rate?
    The lease rate is $3,380 /Mo.
    What are key features of this property?
    This property features: Renovated corner store front/office with high exposure.; 1300 sq ft space suitable for various businesses such as day care, tutoring, professional office, salon, etc.; Features 4 individual rooms, a waiting area, and a kitchenette.
    (718) 888-9005
    We can help!
    Listing Contact
    Emmy D. Cai CBR
    Real Estate License ID: 10311207995
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    124-01 18th Avenue, College Point, NY 11356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!