Mixed-Use Commercial
20502 JAMAICA AVE, Jamaica, NY 11423
For Sale
New
Contact for pricing
The property combines industrial and retail components in a 6,270-square-foot space.
Property Size6,270 SF
Price / SF$542.26
Days on Market4
Property Features for 20502 JAMAICA AVE
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Property Use
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Richard Diller · License #NY
(516) 639-0021
Source:
Crexi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:12PM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This mixed-use commercial property is identified for industrial and retail functions, with 6,270 square feet of space. Its classification supports both components within the same commercial asset.
Key Highlights
- 6,270 square feet identified for industrial and retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,920
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,238,400
$2.2M
Cap Rate 7%
$1,598,857
$1.6M
Cap Rate 9%
$1,243,556
$1.2M
Market Conditions
NOI Build-Up for 6,270 SF
Gross rent
$188.1K $30.00/SF
− Vacancy
−$28.2K −$4.50/SF
EGI
$159.9K $25.50/SF
− OpEx
−$48.0K −$7.65/SF
NOI
$111.9K $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 Rate 5%
$2,238,400
Cap Rate 7%
$1,598,857
Cap Rate 9%
$1,243,556
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $111,920 @ 7.0% cap · market cap 3.29%
Second Best
Mixed Use
$1.15M
$1.01M – $1.34M
NOI $80,695 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,562 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,774
Businesses Nearby
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Business Placement
Demographics for 11423, NY
31,985
Population
10,307
Households
3.1
Avg Household Size
41
Median Age
34%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
22,846
Density / Sq Mi
$80,870
Median Household Income
$44,639
Median Earnings
$1,706
Median Rent
$717,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Jamaica
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines industrial and retail components in a 6,270-square-foot space.
Where is this mixed-use property located?
The property is located at 20502 JAMAICA AVE Jamaica, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 6,270 square feet identified for industrial and retail use
