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Listing Agency: E Realty International Corp

Listed By: Fenger Zou · License #10401313262 Show Phone

Source: Amodiorealestate

Added: Aug 10 Changed: Oct 3 Last Checked: Oct 7 at 4:54PM

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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 E Realty International Corp

Investment Insights

Based on property information with market context.

This ground-floor office unit contains 1,731 SF and is positioned for either owner occupancy or investment. The space is identified for a broad range of potential applications, including office use, medical or rehabilitation services, daycare, educational programs, tutoring, church use, dance instruction, creative production, showroom, storage, and e-commerce operations. A 5.1%–6% cap rate is provided.

The property is within walking distance of downtown Flushing and near the 7 train. Chinese and American supermarkets are also nearby, adding convenient access to established neighborhood retail and transit.

Key Highlights

• 1,731 SF ground‑floor commercial unit
• 5.1%–6% cap rate
• Potential applications include office, medical, daycare, education, studio, showroom, storage, and e‑commerce use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,991

Cap Rate

4.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,139,820 $1.1M

Cap Rate 7%

$814,157 $814.2K

Cap Rate 9%

$633,233 $633.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,731 SF

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 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 (±1% cap)

NOI $56,991 @ 7.0% cap · market cap 4.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,328 @ 7.0% cap · market cap 6.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Catering Service Restaurant Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,001

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Adaptable commercial space supports office, educational, medical, studio, showroom, storage, and e-commerce operations.

Where is this office units located?

The property is located at 14627 Beech Ave 1b 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: 1,731 SF ground‑floor commercial unit; 5.1%–6% cap rate; Potential applications include office, medical, daycare, education, studio, showroom, storage, and e‑commerce use