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    184-10 & 184-60 Jamaica Avenue Jamaica, NY 11423

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    For Lease
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    Two interconnected industrial buildings totaling 620,000 SF on 3.5 acres.

    Type:industrial.warehouse_distribution
    Property size:
    108,369 SF
    Lot size:
    3.50 Acres
    Added:
    Mar 7, 2026
    Days on Market:
    47
    Last Refresh:
    Mar 7 at 7:04 pm

    Property Features for 184-10 & 184-60 Jamaica Avenue

    General Information

    Standard status
    Active
    Size
    108,369 SF
    Lot size
    3.50 Acres
    Property subtype
    industrial.warehouse_distribution

    We can help!

    Listing Contact
    Reid Berch
    Reid Berch

    Listing agent Reid Berch

    Listing office Long Island, NY

    Listing date Mar 7, 2026

    Source Avisonyoung

    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 Long Island, NY

    Overview

    Jamaica Avenue Industrial Buildings For Rent

    Located at 184-10 and 184-60 Jamaica Avenue in Jamaica, Queens, Ideal Queens consists of two interconnected industrial buildings. The 5 and 6-story buildings total 620,000 square feet and are situated on a 3.5-acre lot with secured parking. The property hosts a variety of tenants, including garment manufacturers and distributors, cold storage food production companies, third-party logistics providers, and warehousing operations. The location on Jamaica Avenue provides convenient access to LaGuardia Airport and JFK International Airport, connecting Manhattan to Long Island. The building is situated on a major thoroughfare with accessibility to I-295, I-678, and I-495. Employees benefit from proximity to Jamaica Station, serviced by the E, J, M, and Z subway lines and the Long Island Railroad. The location also provides easy access to the Belt Parkway and Grand Central Parkway. The property features 11 to 20-foot clear heights, 23 to 26-foot column spacing, 14 loading docks, and 6 freight elevators. There are 127 standard parking spaces, 24/7 access, and the building is fully sprinklered. Fiber optic broadband and cable services are available. Complete exterior restoration has been performed, including brand new window systems, new automatic elevators, complete bathroom remodeling, and upgraded loading docks.
    Location Intelligence

    Current Use by Public Records

    Zarman Surgical Supply ... Surgical Supply Store Victory Screen Factory Factory ReadySpaces Warehouse & Storage Carl Neckwear Co Big Box & Wholesale Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.86694
    Latitude
    40.691088

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    FAQs

    What type of property is this?
    Warehouse - Two interconnected industrial buildings totaling 620,000 SF on 3.5 acres.
    Where is this warehouse located?
    The property is located at 184-10 & 184-60 Jamaica Avenue Jamaica, NY.
    What are key features of this property?
    This property features: Prime Location on Jamaica Avenue, offering connectivity to Manhattan and Long Island, with proximity to LaGuardia and JFK Airports.; Superior Accessibility: Convenient access to major highways and public transportation (Jamaica Station: E, J, M, Z subway lines and LIRR).; Extensive Industrial Space: Totaling 620,000 square feet across two interconnected buildings on a 3.5‑acre lot with secured parking.
    (516) 962-5400
    We can help!
    Listing Contact
    Reid Berch
    Reid Berch
    Learn More
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    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
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