Established Auto Collision
For Sale
$595,000
140-46 Queens Boulevard, Jamaica, NY 11435
Operating for more than four decades with collision-repair equipment already in place.
Property Size3,600 SF
Days on Market98
Property Features for 140-46 Queens Boulevard
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Zoning
R7A/R7X
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$27,900
Building Details
Building Size
3,600 SF
Listing Agency:
Prime Realty
(347) 461-8363
Listed By:
John Amore · License #L3543964
(347) 461-8363
Source:
Cornerstonemyhome
Added: May 26
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 Prime Realty
Investment Insights
Based on property information with market context.
The offering includes an operating auto collision business with a history spanning more than 40 years. Existing shop equipment includes an Acudraft spray booth, a paint room described as up to code, a chassis machine, and a lift, along with additional equipment.
The property is located at 140-46 Queens Boulevard in Jamaica, NY 11435. Queens Boulevard provides the stated setting, with multiple car dealers reported in the surrounding area.
The property is located at 140-46 Queens Boulevard in Jamaica, NY 11435. Queens Boulevard provides the stated setting, with multiple car dealers reported in the surrounding area.
Key Highlights
- Auto collision business operating for more than 40 years
- Acudraft spray booth included
- Paint room described as up to code
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
$22,647
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
3.81%
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%
$452,940
$452.9K
Cap Rate 7%
$323,529
$323.5K
Cap Rate 9%
$251,633
$251.6K
Market Conditions
NOI Build-Up for 3,600 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
$34.1K $9.48/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$32.4K $8.99/SF
− OpEx
−$9.7K −$2.70/SF
NOI
$22.6K $6.29/SF
Area
Queens County, NY
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$452,940
Cap Rate 7%
$323,529
Cap Rate 9%
$251,633
Alternative Uses
Best Use
Retail
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 10.80%
Second Best
Industrial
$323.5K
$283.1K – $377.5K
NOI $22,647 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 31.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,528
Businesses Nearby
53k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 35%
Dining 17%
Electronics 7%
Key Food
Groceries
12,237 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,010 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,158 visits/mo
0.5 miles
C-Town Supermarkets
Groceries
5,003 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
4,863 visits/mo
0.2 miles
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Auto Body Shop 11418 | Mechanic Repair Shop 11418 — 129-14 Hillside Ave., Richmond Hill, NY 11418
- Regency Collision Center | Auto Body Shops 11418 — 129-14 Hillside Ave., Richmond Hill, NY 11418
Frequently Asked Questions
What type of property is this?
Auto shop - Operating for more than four decades with collision-repair equipment already in place.
Where is this auto shop located?
The property is located at 140-46 Queens Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Auto collision business operating for more than 40 years; Acudraft spray booth included; Paint room described as up to code
