Ground-Floor Office
For Sale
$1,370,000
14627 Beech Ave 1b, Flushing, NY 11355
Adaptable commercial space supports office, educational, medical, studio, showroom, storage, and e-commerce operations.
Property Size1,731 SF
Price / SF$791.45
Days on Market21
Property Features for 14627 Beech Ave 1b
General Information
Standard status
Active
Size
1,731 SF
Additional Details
Floor
Ground Floor
Cap Rate
6%
Public Transit
Yes
Listing Agency:
E Realty International Corp
(347) 996-7996
Listed By:
Fenger Zou · License #10401313262
Source:
Amodiorealestate
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 29 at 11:59AM
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.
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 = 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
—
—
no second resolved use
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
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
Questions? Ask Rey
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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
