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    Ridgewood Warehouse Space For Lease Title is generated by Realmo AI

    17-17 Troutman Street, Ridgewood, NY 11385

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    For Lease
    $23 SF/Yr $19,166/Mo (calc)

    COMMERCIAL - Ridgewood, NY

    Property size:
    10,000 SF
    Added:
    May 12, 2026
    Days on Market:
    2
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 17-17 Troutman Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    10,000 SF

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1552671

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Yingbo Lu

    Listing agent Yingbo Lu

    Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY

    Listing date May 12, 2026

    MLS# 998589

    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.

    HighLights

    • Rare Full Service Lease: $23/sf/yr - ALL utilities included.
    • Prime Ridgewood warehouse space (11385) near the Maspeth industrial corridor.
    • Flexible space: 4,000sf to 10,000sf with 16ft high ceilings.
    • Convenient access to major transportation routes and a strong commercial network.
    • 53ft trailer accessible with 2 shared tailboards.
    • Includes 2 parking spaces with easy street parking.

    Overview

    This well-located industrial/commercial space is situated in Ridgewood, New York, conveniently close to the Maspeth industrial corridor, a prominent hub for warehousing, logistics, wholesale, and e-commerce businesses in New York City. The property benefits from its proximity to Maspeth's active business cluster, providing convenient access to major transportation routes and a robust commercial network. The available warehouse space ranges in size from 4,000 square feet to 10,000 square feet and features 16-foot high ceilings. It includes access to 2 shared tailboards, accommodating 53-foot trailers. Additionally, the property offers 2 parking spaces, supplemented by readily available street parking. The lease is full service at $23 per square foot per year, encompassing all utilities, including electric, water, gas, internet, and trash services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    We Less Than ... Marketing & Advertising Raw Chocolate Love ... Specialty Food Shop The Atrium (Bike/Boat/Book/etc) Store bbclaww Nail Salon VIVACHE DESIGNS Artist

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Nannybag Luggage Storage — 146 Wilson Ave, Brooklyn, NY 11237
    • Nearby Storage Units - Flushing, NY — 56-34 Myrtle Ave, Queens, NY 11385
    • UOVO Brooklyn — 105 Evergreen Ave, Brooklyn, NY 11206
    • Man with Sprinter Van NYC (Support a Student Movers) — 180 Stockholm St, Brooklyn, NY 11237
    • Safeguard Self Storage — 1726 Hancock St, Ridgewood, NY 11385

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.92015
    Latitude
    40.709216

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    FAQs

    What type of property is this?
    Warehouse - Industrial/commercial space in Ridgewood near Maspeth industrial corridor.
    Where is this warehouse located?
    The property is located at 17-17 Troutman Street Ridgewood, NY.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Rare Full Service Lease: $23/sf/yr - ALL utilities included.; Prime Ridgewood warehouse space (11385) near the Maspeth industrial corridor.; Flexible space: **4,000sf to 10,000sf with 16ft high ceilings.**
    (917) 495-6284
    We can help!
    Listing Contact
    Yingbo Lu
    Learn More
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    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.

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    17-17 Troutman Street, Ridgewood, NY 11385
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