Ground-Floor Office
For Sale
$1,370,000
14627 Beech Ave, Flushing, NY 11355
COMMERCIAL - Flushing, NY
Property Size1,731 SF
Price / SF$791.45
Days on Market29
Property Features for 14627 Beech Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school
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Middle school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
4-05375-1104
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
16337
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Ductless
Water source
Private
Building Details
Building materials
Brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Fenger Zou · License #10401313262
(347) 996-7996
Added: Jul 22
Changed: Aug 18
Last Checked: Aug 19 at 7:06AM
MLS# 1029631
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ground-floor office unit offers 1,731 SF of commercial space with a flexible configuration. The property information identifies potential applications including daycare, church, medical clinic, rehabilitation center, educational or tutoring center, dance studio, content creation studio, creative workspace, office, showroom, storage, and e-commerce operations. The unit may also suit owner occupancy or investment use.
The property is near Downtown Flushing, within walking distance of the 7 train, and close to Chinese and American supermarkets. The building has brick construction, baseboard heating, ductless cooling, private water, and a public sewer connection. The stated cap rate range is 5.1%–6%.
The property is near Downtown Flushing, within walking distance of the 7 train, and close to Chinese and American supermarkets. The building has brick construction, baseboard heating, ductless cooling, private water, and a public sewer connection. The stated cap rate range is 5.1%–6%.
Key Highlights
- Ground‑floor office unit with 1,731 SF
- Flexible‑use space identified for office, medical, educational, studio, storage, and e‑commerce applications
- Stated cap rate range of 5.1%–6%
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
$56,991
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
4.16%
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%
$1,139,820
$1.1M
Cap Rate 7%
$814,157
$814.2K
Cap Rate 9%
$633,233
$633.2K
Market Conditions
NOI Build-Up for 1,731 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
$87.2K $50.40/SF
− Vacancy
−$11.3K −$6.50/SF
EGI
$76.0K $43.90/SF
− OpEx
−$19.0K −$10.97/SF
NOI
$57.0K $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%
$1,139,820
Cap Rate 7%
$814,157
Cap Rate 9%
$633,233
Alternative Uses
Best Use
Office B
$814.2K
$712.4K – $949.9K
NOI $56,991 @ 7.0% cap · market cap 4.16%
Second Best
Healthcare Medical
$570.2K
$498.9K – $665.2K
NOI $39,913 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,328 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,187
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Flexible-use commercial space near Downtown Flushing and the 7 train, with baseboard heat and ductless cooling.
Where is this office units located?
The property is located at 14627 Beech Ave Flushing, NY.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: Ground‑floor office unit with 1,731 SF; Flexible‑use space identified for office, medical, educational, studio, storage, and e‑commerce applications; Stated cap rate range of 5.1%–6%
