Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    74-02 Grand Ave Elmhurst, NY 11373

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,500 /Mo

    COMMERCIAL - Elmhurst, NY

    Added:
    Apr 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 1 at 8:06 pm

    Property Features for 74-02 Grand Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10000

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Mo Tian

    Listing agent Mo Tian

    Listing office Winzone Realty Inc 8115 Queens Blvd Ste 2A, ELMHURST, NY

    Listing date Apr 30, 2026

    MLS# 993264

    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.

    Overview

    Commercial Storefront in Elmhurst, NY

    This commercial store is available for lease in Elmhurst, New York. The property is located in Queens County, with the postal code 11373. The property is intended for commercial use.
    Property Profile Insight Report 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 Grocery & Convenience Store

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

    Similar Places Nearby

    • Love flower house — 8458 Grand Ave, Queens, NY 11373
    • 3HappyBees Florist — 61-67 Maspeth Ave, Maspeth, NY 11378
    • Enchanted Florist & Greenhouse — 65-10 Grand Ave, Queens, NY 11378
    • Lover flower house — 8458 Grand Ave, Queens, NY 11373
    • Florist — remsen pl, maspeth, ny 11378

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.919729
    Latitude
    40.716344

    Nearby Similar for Lease

    • $4,000/Mo

      Elmhurst Storefront on Queens Blvd

      High-traffic storefront space suitable for retail, office, or professional services.
      84-05 Queens Boulevard, Elmhurst, NY 11373
      View Details
    • $1,400/Mo

      Prime Retail/Office Space Available

      Highly visible commercial space in the heart of Elmhurst, Queens.
      85-12 Queens Boulevard, Elmhurst, NY 11373
      View Details
    • $4,500/Mo

      Elmhurst Office Space Available

      Second floor office with private entrance in Elmhurst, NY.
      40-28 82nd Street, Elmhurst, NY 11373
      View Details
    • $6,000/Mo

      Elmhurst Commercial Space For Lease

      High-visibility commercial space in the heart of Elmhurst, Queens.
      85-15 Whitney Avenue, Elmhurst, NY 11373
      View Details
    • $4,000/Mo

      Elmhurst Commercial Space For Rent

      Retail space available for rent in Elmhurst, Queens.
      94-02 57th Avenue, Elmhurst, NY 11373
      View Details
    • $60 SF/Yr

      Elmhurst Commercial Space for Lease

      Ground-floor commercial space in Elmhurst with flexible layout.
      88-08 Justice Avenue, Elmhurst, NY 11373
      View Details
    • $85 SF/Yr

      Elmhurst Retail Space Available

      16,700 SF retail space in a high-traffic Elmhurst location.
      82-02 45th Avenue, Elmhurst, NY 11373
      View Details
    • $15,000/Mo

      Elmhurst Retail Space Available

      4100 sqft retail space in Elmhurst, NY for rent.
      95-35 40 Road, Elmhurst, NY 11373
      View Details
    • Contact for pricing

      Elmhurst Office Space Available

      100000 sqft office space for rent in Elmhurst.
      59-17 Junction Boulevard, Elmhurst, NY, 11373
      View Details
    • Contact for pricing

      Retail Space in New Development

      Retail space available in new building with high visibility.
      7201-7225 Queens Blvd, Elmhurst, NY
      View Details
    • Contact for pricing

      Retail Space in Elmhurst, NY

      Retail space available in Stop & Shop anchored shopping center.
      74-17 Grand Ave, Elmhurst, NY
      View Details
    • $3,000/Mo

      Elmhurst Retail Space For Rent

      Retail space for rent near 74th Street train station.
      74-22 Broadway, Elmhurst, NY
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial store available for lease in Elmhurst, New York.
    Where is this storefront property located?
    The property is located at 74-02 Grand Ave Elmhurst, NY.
    What is the lease rate?
    The lease rate is $5,500 /Mo.
    What are key features of this property?
    This property features: Commercial store for leasing; Electricity available; Public sewer
    (347) 200-8885
    We can help!
    Listing Contact
    Mo Tian
    Learn More
    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

    74-02 Grand Ave, Elmhurst, NY 11373

    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!