Medical Office
For Sale
$849,000
Pending
14444 SANFORD AVE, Flushing, NY 11355
Fully equipped medical office suite with three exam rooms, private office, and waiting area plus two half bathrooms.
Property Size1,341 SF
Days on Market208
Property Features for 14444 SANFORD AVE
General Information
Standard status
Pending
Size
1,341 SF
Property subtype
Office
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$14,694
Amenities
Central Air
3
Listing Agency:
Jamie Realty Group
(718) 309-2982
Listed By:
Xiao Zheng · License #10491212408
(718) 309-2982
Source:
Xome
Added: Jan 13
Changed: Aug 8
Last Checked: Aug 9 at 4:55AM
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 Jamie Realty Group
Investment Insights
Based on property information with market context.
This fully equipped medical office suite is designed for day-to-day patient workflow. The layout includes three exam rooms, a private office, a spacious front desk and waiting area, and two half bathrooms. Unit 1H offers a functional, professional interior configuration suitable for medical use.
The property is located in the heart of Flushing, with multiple nearby bus lines and convenient access to major transit options. It is close to the Main St–Flushing 7 train station and the Flushing LIRR station.
For prospective tenants or owner-users, the space’s exam room count and built-in front desk and waiting area provide a ready-to-operate medical office arrangement within an accessible Flushing setting.
The property is located in the heart of Flushing, with multiple nearby bus lines and convenient access to major transit options. It is close to the Main St–Flushing 7 train station and the Flushing LIRR station.
For prospective tenants or owner-users, the space’s exam room count and built-in front desk and waiting area provide a ready-to-operate medical office arrangement within an accessible Flushing setting.
Key Highlights
- Fully equipped medical office suite with 3 exam rooms and a private office
- Spacious front desk and waiting area for patient intake and reception
- Includes 2 half bathrooms within the suite
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
$44,151
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
5.20%
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%
$883,020
$883.0K
Cap Rate 7%
$630,729
$630.7K
Cap Rate 9%
$490,567
$490.6K
Market Conditions
NOI Build-Up for 1,341 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
$67.6K $50.40/SF
− Vacancy
−$8.7K −$6.50/SF
EGI
$58.9K $43.90/SF
− OpEx
−$14.7K −$10.97/SF
NOI
$44.2K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$883,020
Cap Rate 7%
$630,729
Cap Rate 9%
$490,567
Alternative Uses
Best Use
Office B
$630.7K
$551.9K – $735.9K
NOI $44,151 @ 7.0% cap · market cap 5.20%
Second Best
Healthcare Medical
$441.7K
$386.5K – $515.4K
NOI $30,921 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$988.6K
$865.0K – $1.15M
NOI $69,202 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
11,141
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- College Point Veterinary Center — Flushing, NY 11357
- Kim Patrick PC — 14905 Northern Blvd, Flushing, NY 11354
- Pet care Animal Clinic — 43-73 156th St, Queens, NY 11355
- Flushing Animal Health — 14936 Northern Blvd, Flushing, NY 11354
- Flushing Veterinary Hospital — 4024 Murray St, Flushing, NY 11354
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully equipped medical office suite with three exam rooms, private office, and waiting area plus two half bathrooms.
Where is this medical office space located?
The property is located at 14444 SANFORD AVE Flushing, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Fully equipped medical office suite with 3 exam rooms and a private office; Spacious front desk and waiting area for patient intake and reception; Includes 2 half bathrooms within the suite
