Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    East Elmhurst Duplex Corner Store Title is generated by Realmo AI

    31-04 107 Street, East Elmhurst, NY 11369

    View on Map
    Claim this Listing
    New
    For Lease
    $3,500/Mo $152 SF/Yr (calc)

    COMMERCIAL - East Elmhurst, NY

    Property size:
    276 SF
    Added:
    May 23, 2026
    Days on Market:
    1
    Last Refresh:
    May 23 at 6:06 pm

    Property Features for 31-04 107 Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    276 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    40236

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Building materials
    Brick

    We can help!

    Listing Contact
    Gladys Ramirez

    Listing agent Gladys Ramirez License #31RA0597323

    Listing office Telemundo Realty Corp 10201 Northern Blvd, Corona, NY

    Listing date May 23, 2026

    MLS# 1003699

    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

    • Ready to move in duplex corner store in a residential and commercial area.
    • Close proximity to the 7 train, multiple bus routes, Grand Central Parkway, and Cross Island Expressway for easy commuting.
    • Conveniently located near La Guardia Airport, Flushing Meadows‑Corona Park, and Citi Field.
    • Situated near restaurants, shopping, and everyday conveniences.
    • Suitable for any type of business.
    • Property is constructed with brick.

    Overview

    This duplex corner store for rent features 138 square feet on the first floor and 138 square feet on the second floor. The property is ready to move in, and the tenant is responsible for all utilities. The location provides convenient access to transportation, including the 7 train, La Guardia Airport, Flushing Meadows-Corona Park, Citi Field, Grand Central Parkway, and Cross Island Expressway. Situated in a residential and commercial area, the property is also near multiple bus routes for commuting to Manhattan and surrounding boroughs. The surrounding area offers a variety of restaurants, shopping options, and everyday conveniences. The property is suitable for any type of business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    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

    • Roosevelt Luna Flower: Floristeria cerca de mi — 9022 Roosevelt Ave, Queens, NY 11372
    • SMOKE SHOP QUEENS CAPULETO WEED CORPORATION — 9063 Roosevelt Ave, Queens, NY 11372
    • Jony Grocery Corp (Flower Shop) — 40-53 Junction Blvd, Queens, NY 11368
    • Flowers shop — 40-15 95th St, Queens, NY 11373
    • nueva era flowers — 90-02 Roosevelt Ave, Queens, NY 11372

    Location Insight

    • Map
    • Local Demand
    City
    East Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.861796
    Latitude
    40.758786

    FAQs

    What type of property is this?
    Storefront property - Duplex corner store in East Elmhurst, ready to move in.
    Where is this storefront property located?
    The property is located at 31-04 107 Street East Elmhurst, NY.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: Ready to move in duplex corner store in a residential and commercial area.; Close proximity to the 7 train, multiple bus routes, Grand Central Parkway, and Cross Island Expressway for easy commuting.; Conveniently located near La Guardia Airport, Flushing Meadows‑Corona Park, and Citi Field.
    (347) 351-5846
    We can help!
    Listing Contact
    Gladys Ramirez
    Real Estate License ID: 31RA0597323
    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
    31-04 107 Street, East Elmhurst, NY 11369
    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!