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    Medical Office Building with 17 Parking Title is generated by Realmo AI

    26-19 Francis Lewis Boulevard, Flushing, NY 11358

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    New
    For Sale
    $9,000,000

    SINGLE_FAMILY - Flushing, NY

    Type:Office
    Property size:
    10,530 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $854/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 9:06 pm

    Property Features for 26-19 Francis Lewis Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Office
    Rooms
    Basement
    Parking
    17
    Basement
    Finished, Full
    Standard status
    Active
    APN
    059610033
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    73922

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Geothermal (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Tile - Ceramic, Hardwood
    Building materials
    Brick

    We can help!

    Listing Contact
    Champion Wu

    Listing agent Champion Wu

    Listing office Keller Williams Rlty Landmark 3255 Francis Lewis Blvd, Flushing, NY

    Listing date Jun 1, 2026

    MLS# 1007685

    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

    • Medical office/hospital facility with 27 examination rooms and 10 consultation offices
    • 27‑car private parking on site with 17 parking spots
    • 1st floor 4,800 SF and 2nd floor 5,000 SF available for lease; basement leased long term to medical office at $19,000/mo
    • Geothermal heating and central air; elevator serving the building
    • Completely renovated from basement through third floor in 2008; brick construction with tile and hardwood flooring
    • Two lots totaling 10,985 SF with 10,530 SF building; includes 400 SF third‑floor landlord storage; zoning C1‑3 / R4 & R2A

    Overview

    This multi-level medical office building is designed for healthcare use, with 27 examination rooms, 10 consultation offices, and three reception/waiting areas served by an elevator. The property includes medical/offices on the first and second floors, with the basement set up for medical use as well. A 400-square-foot third-floor area is provided for landlord storage. State-of-the-art geothermal heating and air conditioning support year-round comfort, and the building was fully renovated from the basement through the third floor in 2008.

    Located at 26-19 Francis Lewis Boulevard in Flushing, Queens, the building benefits from frontage on a busy boulevard. The property sits on two lots totaling 10,985 square feet, with approximately 10,530 square feet of building area and 17 private parking spaces.

    For healthcare operators seeking a ready-to-use facility, the existing configuration, reception areas, and multiple clinical rooms can help reduce tenant build-out needs. The zoning is listed as C1-3 / R4 & R2A, and the basement is currently leased to a long-term medical office. The third floor is reserved for landlord storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rendr - Stephen P. ... Physician Pride of Judea Crisis Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • A-Vet Contrctng — 2730 166th St, Flushing, NY 11358
    • Gary Dattner PC — 2562 francis lewis blvd, flushing, ny 11358
    • The Pet Doctor of Flushing — 2562 Francis Lewis Blvd, Queens, NY 11358

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.805956
    Latitude
    40.784912

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    FAQs

    What type of property is this?
    Medical Office Space - Renovated multi-level medical facility with geothermal HVAC, elevator, and 17 private parking spaces.
    Where is this medical office space located?
    The property is located at 26-19 Francis Lewis Boulevard Flushing, NY.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: Medical office/hospital facility with 27 examination rooms and 10 consultation offices; 27‑car private parking on site with 17 parking spots; 1st floor 4,800 SF and 2nd floor 5,000 SF available for lease; basement leased long term to medical office at $19,000/mo
    (646) 251-8886
    We can help!
    Listing Contact
    Champion Wu
    Request Owner's contact information
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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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