Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Jamaica Avenue Retail Opportunity Title is generated by Realmo AI

    16211-16217 Jamaica Ave, Jamaica, NY

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime retail space available on Jamaica Avenue retail strip.

    Type:RETAIL
    Property size:
    25,325 SF
    Lot size:
    0.32 Acres
    Added:
    Nov 29, 2024
    Days on Market:
    554
    Last Refresh:
    May 20 at 9:11 pm

    Property Features for 16211-16217 Jamaica Ave

    General Information

    Standard status
    Active
    Size
    25,325 SF
    Lot size
    0.32 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 16211-16217 Jamaica Ave Contact us

    We can help!

    Listing Contact
    Abe Betesh

    Listing agent Abe Betesh

    Listing office The AbeCo Organization

    Listing date Nov 29, 2024

    Source Moodyscre

    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 The AbeCo Organization

    HighLights

    • Prime retail location on Jamaica Avenue retail strip.
    • Large 7,500 SF ground floor space.
    • Substantial 9,500 SF basement space.
    • Significant 8,325 SF second‑floor space.
    • Rare leasing opportunity.
    • Formerly rented by Young World.

    Overview

    This retail space is located in the center of the Jamaica Avenue retail strip. Formerly occupied by Young World, this property offers a leasing opportunity. The ground floor provides 7,500 square feet of space. The second floor offers 8,325 square feet. The basement level provides 9,500 square feet, bringing the total property size to 25,325 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.7976
    Latitude
    40.7049

    Nearby Similar for Lease

    • $4,800/Mo
      3,000 SF

      Jamaica Retail Opportunity on Merrick

      High-visibility retail spaces available in Jamaica, newly renovated.
      131-12 Merrick Boulevard, Jamaica, NY 11434
      View Details
    • $7,000/Mo
      1,164 SF

      Jamaica Retail Space For Lease

      New construction retail space in high-traffic Jamaica location.
      122-04 Merrick Boulevard, Jamaica, NY 11434
      View Details
    • $4,800/Mo
      3,000 SF

      Jamaica Retail Opportunity on Merrick

      High-visibility retail spaces available in Jamaica, newly renovated.
      131-14 Merrick Boulevard, Jamaica, NY 11434
      View Details
    • $7,000/Mo
      1,164 SF

      Jamaica Retail Space For Lease

      New construction retail space in high-traffic Jamaica location.
      12204 Merrick Boulevard, Jamaica, NY 11434
      View Details
    • $38 SF/Yr
      3,000 SF

      Commercial Space in Jamaica, NY

      High-visibility commercial spaces near hospitals and transportation.
      8015 164th Street, Jamaica, NY 11432
      View Details
    • $1,500/Mo
      864 SF

      Downtown Jamaica Prime Office Space

      864 sq ft office space in a vibrant location.
      147-09 88 Ave, Jamaica, NY 11435
      View Details
    • $2,400/Mo

      Jamaica, NY - Office Space

      Office space for lease near courthouse with high visibility.
      146-04 Hillside avenue, Jamaica, NY 11435
      View Details
    • $2,800/Mo
      700 SF

      High-Visibility Office Space in Jamaica

      700 SF office space near Jamaica Station for rent.
      97-03 Sutphin Boulevard, Jamaica, NY 11435
      View Details
    • $4,000/Mo

      Renovated Office Space Available

      Fully renovated office space available in Jamaica, NY.
      16401 Hillside Avenue, Jamaica, NY 11432
      View Details
    • $5,500/Mo

      Jamaica Office Space For Rent

      Commercial office space available in Jamaica, Queens.
      8030 164th Street, Jamaica, NY 11432
      View Details
    • $24,000 SF/Yr
      11,550 SF

      Jamaica Warehouse Units For Lease

      Two warehouse units available in Jamaica, NY, near JFK.
      110-60 Dunkirk Street, Jamaica, NY 11433
      View Details
    • $408,834 SF/Yr
      7,571 SF

      Jamaica Retail Space For Lease

      Prime retail space in new luxury development, high-traffic area.
      14818 Hillside Avenue, Jamaica, NY 11435
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail space available on Jamaica Avenue retail strip.
    Where is this retail space located?
    The property is located at 16211-16217 Jamaica Ave Jamaica, NY.
    What is the lease rate?
    The lease rate is $62,500.
    What are key features of this property?
    This property features: Prime retail location on Jamaica Avenue retail strip.; Large 7,500 SF ground floor space.; Substantial 9,500 SF basement space.
    (718) 265-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Abe Betesh
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16211-16217 Jamaica Ave, Jamaica, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!