Add Listing
    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

    264 Meacham Ave Elmont, NY 11003

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,800 /Mo

    2,205 sqft lot with 850 sqft storage unit.

    Type:Commercial
    Property size:
    850 SF
    Lot size:
    0.05 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 24 at 8:04 pm

    Property Features for 264 Meacham Ave

    General Information

    Standard status
    Active
    Size
    850 SF
    Lot size
    0.05 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1923

    We can help!

    Listing Contact
    Sandra Ramos

    Listing agent Sandra Ramos

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Sandra Ramos

    Overview

    Fenced Lot with Storage Unit

    Located on Meacham Ave, this 2,205 sqft lot offers high visibility and traffic, suitable for various storage uses. The property features a fence-enclosed, flat, and well-maintained terrain, along with an 850 sqft storage unit in the back area. The dedicated storage area is designed for functionality and convenience, enclosed by a sturdy fence for security. A robust shed or multi-purpose storage unit provides ample room for tools, equipment, or outdoor gear. The lot layout allows easy access to the storage area, with a gravel or paved path leading directly to it, enhancing practicality and keeping the main area clear for activities or future projects. The combination of an expansive lot with a well-organized storage corner offers utility and versatility. The location has a bike score of 50, making it bikeable, a walk score of 72, indicating it is very walkable, and a transit score of 41, suggesting some transit options are available.
    Location Intelligence

    Current Use by Public Records

    VoIP Technologies Telecommunications Service TSWS Stucco Inc General Contractor TCR Consulting Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmont
    County
    Queens
    State
    New York
    Longitude
    -73.691002
    Latitude
    40.700362

    Nearby Similar for Lease

    • Contact for pricing

      Renovated One Bedroom Apartment

      Bright, renovated one-bedroom apartment with new kitchen and stainless steel appliances.
      119 Crown Ave 2nd Floor, Elmont, NY 11003
      View Details
    • Contact for pricing

      Elmont Two Bedroom Apartment

      Two-bedroom apartment with updated kitchen in Elmont, New York.
      260 Biltmore Avenue, Elmont, NY 11003
      View Details
    • Contact for pricing

      Elmont Office Space Available

      50000 square feet of office space for rent.
      277 Hempstead Tpke, Elmont, NY
      View Details
    • Contact for pricing

      Retail Space on Dutch Broadway

      Retail space with high visibility and ample parking available.
      1615-1631 Dutch Broadway, Elmont, NY
      View Details
    • Contact for pricing

      Modern Office Space Available

      Renovated office space with modern features and excellent location.
      1975 Linden Blvd, Elmont, NY
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2,205 sqft lot with 850 sqft storage unit.
    Where is this commercial land located?
    The property is located at 264 Meacham Ave Elmont, NY.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    What are key features of this property?
    This property features: High visibility location on Meacham Ave.; 2,205 Sq. Ft. lot with 850 Sq. Ft storage unit.; Fence enclosed for security and protection.
    (516) 754-1326
    We can help!
    Listing Contact
    Sandra Ramos
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!