Flex Building with Warehouse and Office
New
For Sale
Contact for pricing
175-16 Liberty Ave, Jamaica, NY 11433
A one-story building with a mezzanine combines warehouse and office areas in move-in condition.
Property Size8,800 SF
Price / SF$482.95
Days on Market6
Property Features for 175-16 Liberty Ave
General Information
Standard status
Active
Size
8,800 SF
Property subtype
INDUSTRIAL
Zoning
M1-2A
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
8,800 SF
Listing Agency:
Ariel Property Advisors
Listed By:
Alexander Taic · License #10401252134
(212) 544-9500
Source:
Moodyscre
Added: Sep 25
Changed: Sep 28
Last Checked: Sep 29 at 12:19PM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
This 8,800-square-foot flex building pairs warehouse and office space across a one-story layout with a mezzanine. The property is described as move-in ready and includes improvements suited to its existing configuration.
Transit options include the Jamaica-179th Street F train station, about half a mile away, and the Jamaica Station LIRR terminal nearby. The site also offers access to the Van Wyck Expressway and Grand Central Parkway, with routes toward JFK International Airport and the wider metropolitan region.
M1-2A zoning permits up to 30,000 buildable square feet as-of-right, providing a defined framework for potential expansion.
Transit options include the Jamaica-179th Street F train station, about half a mile away, and the Jamaica Station LIRR terminal nearby. The site also offers access to the Van Wyck Expressway and Grand Central Parkway, with routes toward JFK International Airport and the wider metropolitan region.
M1-2A zoning permits up to 30,000 buildable square feet as-of-right, providing a defined framework for potential expansion.
Key Highlights
- Approximately 8,800 square feet of warehouse and office space
- One story plus mezzanine
- M1‑2A zoning allows up to 30,000 buildable square feet as‑of‑right
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
$139,682
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
3.29%
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%
$2,793,640
$2.8M
Cap Rate 7%
$1,995,457
$2.0M
Cap Rate 9%
$1,552,022
$1.6M
Market Conditions
NOI Build-Up for 8,800 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
$232.3K $26.40/SF
− Vacancy
−$17.4K −$1.98/SF
EGI
$214.9K $24.42/SF
− OpEx
−$75.2K −$8.55/SF
NOI
$139.7K $15.87/SF
Area
Queens County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
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%
$2,793,640
Cap Rate 7%
$1,995,457
Cap Rate 9%
$1,552,022
Alternative Uses
Best Use
Flex RnD
$2.00M
$1.75M – $2.33M
NOI $139,682 @ 7.0% cap · market cap 3.29%
Second Best
Warehouse
$960.3K
$840.3K – $1.12M
NOI $67,223 @ 7.0% cap · market cap 1.58%
Theoretical Best
Office A
$6.49M
$5.68M – $7.57M
NOI $454,122 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,397
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AviEats Catering — 10 Hill St, Brooklyn, NY 11208
Frequently Asked Questions
What type of property is this?
Flex space - A one-story building with a mezzanine combines warehouse and office areas in move-in condition.
Where is this flex space located?
The property is located at 175-16 Liberty Ave Jamaica, NY.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Approximately 8,800 square feet of warehouse and office space; One story plus mezzanine; M1‑2A zoning allows up to 30,000 buildable square feet as‑of‑right
