Auto Shop Building with Office
For Sale
$1,650,000
Pending
148-11 175th Street, Jamaica, NY 11434
COMMERCIAL - Jamaica, NY
Property Size4,620 SF
Lot Size0.06 Acres
Days on Market565
Property Features for 148-11 175th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
See map
Standard status
Pending
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Elevator
Kitchen
Full Bath
Common Area
Building Details
Year built
2008
Floors in Building
2
Number of units
4
Building materials
Block
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(516) 223-2525
Listed By:
John C. Gandolfo · License #30GA0946823
(516) 779-8423
Added: Jan 20, 2025
Changed: Aug 4
Last Checked: Aug 8 at 9:06PM
MLS# 815627
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 auto shops building offers four units across two levels, with ground-floor space described for auto mechanic detailing or auto body plus a luncheonette, and two office units upstairs. The property is described as having separate common areas, kitchens, and full baths, along with four air conditioning units and four heating units (HVAC). Built in 2008 with block construction, the building includes central air, forced-air natural gas heating, and an elevator.
The site is located on a 28 x 100 lot and is zoned M1-1. Utility service includes public water and public sewer.
Owner is described as paying insurance and taxes.
The site is located on a 28 x 100 lot and is zoned M1-1. Utility service includes public water and public sewer.
Owner is described as paying insurance and taxes.
Key Highlights
- 4,620 SF auto shop building with four units
- Ground‑level auto mechanic detailing or auto body plus luncheonette
- Two office units upstairs with separate common areas
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
$82,467
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
5.00%
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%
$1,649,340
$1.6M
Cap Rate 7%
$1,178,100
$1.2M
Cap Rate 9%
$916,300
$916.3K
Market Conditions
NOI Build-Up for 4,620 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
$138.6K $30.00/SF
− Vacancy
−$20.8K −$4.50/SF
EGI
$117.8K $25.50/SF
− OpEx
−$35.3K −$7.65/SF
NOI
$82.5K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /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%
$1,649,340
Cap Rate 7%
$1,178,100
Cap Rate 9%
$916,300
Alternative Uses
Best Use
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,825 @ 7.0% cap · market cap 12.96%
Second Best
Office B
$2.17M
$1.90M – $2.54M
NOI $152,108 @ 7.0% cap · market cap 9.22%
Theoretical Best
Office A
$3.41M
$2.98M – $3.97M
NOI $238,414 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,760
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
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
- D Nicki’s llc — 94-24 Merrick Blvd, Jamaica, NY 11433
- Alan The Truck Repair Master INC. — 9410 Merrick Blvd, Queens, NY 11433
- Queens Truck Repairs Inc — 16817 Liberty Ave, Queens, NY 11433
- Deal Tire Center Corp. — 168-01 Liberty Ave, Queens, NY 11433
- TOWING JAMAICA — 14723 Archer Ave, Queens, NY 11432
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop building with four units, including ground-level auto use and two office units upstairs under M1-1 zoning.
Where is this auto shop located?
The property is located at 148-11 175th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 4,620 SF auto shop building with four units; Ground‑level auto mechanic detailing or auto body plus luncheonette; Two office units upstairs with separate common areas
