Turnkey Nail and Spa
For Sale
$250,000
8001 Northern Boulevard, Jackson Heights, NY 11372
Recently established beauty business with upscale finishes, modern equipment, and a long-term commercial lease.
Property Size5,680 SF
Price / SF$312.50
Days on Market110
Property Features for 8001 Northern Boulevard
General Information
Standard status
Active
Size
5,680 SF
Property subtype
Business Opportunity
Zoning
R4
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$51,703
Building Details
Building Size
5,680 SF
Year Built
1931
Listing Agency:
Prime America Real Estate Inc
(917) 963-3614
Listed By:
Divas Ojha
(917) 963-3614
Source:
Cornerstonemyhome
Added: May 13
Changed: Aug 29
Last Checked: Aug 25 at 9:14AM
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 Prime America Real Estate Inc
Investment Insights
Based on property information with market context.
Moon Beauty & Spa is a nail and spa business occupying an 800-square-foot storefront at 8001 Northern Boulevard in Jackson Heights. Opened in 2024, the premises feature luxury-grade finishes, contemporary equipment, upscale decor, and a layout organized for beauty-service operations. The space also includes full access to an on-site 800-square-foot basement.
A 10-year commercial lease is in place. The property is positioned along Northern Boulevard and has access to multiple subway and bus lines. The immediate catchment area includes more than 77,000 residents and a multinational community. R4 zoning is identified for the property.
A 10-year commercial lease is in place. The property is positioned along Northern Boulevard and has access to multiple subway and bus lines. The immediate catchment area includes more than 77,000 residents and a multinational community. R4 zoning is identified for the property.
Key Highlights
- 800‑square‑foot nail and spa storefront
- Opened in 2024 with luxury‑grade finishes and modern equipment
- Full access to an on‑site 800‑square‑foot basement
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
$14,280
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
5.71%
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%
$285,600
$285.6K
Cap Rate 7%
$204,000
$204.0K
Cap Rate 9%
$158,667
$158.7K
Market Conditions
NOI Build-Up for 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
$24.0K $30.00/SF
− Vacancy
−$3.6K −$4.50/SF
EGI
$20.4K $25.50/SF
− OpEx
−$6.1K −$7.65/SF
NOI
$14.3K $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 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%
$285,600
Cap Rate 7%
$204,000
Cap Rate 9%
$158,667
Alternative Uses
Best Use
Retail
$204.0K
$178.5K – $238.0K
NOI $14,280 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8,269
Businesses Nearby
328k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 27%
Dining 24%
Apparel 7%
Super Foodtown
Groceries
26,968 visits/mo
0.4 miles
McDonald's
Dining
24,424 visits/mo
0.2 miles
Chase Bank
Shops & Services
22,417 visits/mo
0.5 miles
Chase Bank
Shops & Services
20,943 visits/mo
0.5 miles
Key Food Supermarkets
Groceries
20,764 visits/mo
0.3 miles
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Recently established beauty business with upscale finishes, modern equipment, and a long-term commercial lease.
Where is this spa & wellness property located?
The property is located at 8001 Northern Boulevard Jackson Heights, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 800‑square‑foot nail and spa storefront; Opened in 2024 with luxury‑grade finishes and modern equipment; Full access to an on‑site 800‑square‑foot basement
