Nail and Spa
For Sale
$199,000
8001 Northern Boulevard, Jackson Heights, NY 11372
Business Opportunity, Jackson Heights, NY
Property Size800 SF
Price / SF$248.75
Days on Market117
Property Features for 8001 Northern Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Flushing
Directions
Google Map
Standard status
Active
Listing Agency:
PRIME AMERICA REAL ESTATE INC
(347) 725-3142
Listed By:
Gobinda Lama · License #10311207567
(718) 975-1107
Added: May 14
Changed: Aug 27
Last Checked: Sep 7 at 1:06AM
MLS# 11775211
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Moon Beauty & Spa is a nail and spa business occupying an 800-square-foot space at 8001 Northern Boulevard. The operation opened in 2024 and includes luxury-grade finishes, contemporary equipment, upscale décor, and a layout designed for beauty-service operations. The premises also provide full access to an additional 800-square-foot basement.
A 10-year commercial lease is in place. The property sits along Northern Boulevard in Jackson Heights, within a high-traffic retail corridor and an area described as having 77,000+ residents in the immediate catchment area. Multiple subway and bus lines provide direct transit access, while the surrounding community includes a multinational population with established personal-care demand.
A 10-year commercial lease is in place. The property sits along Northern Boulevard in Jackson Heights, within a high-traffic retail corridor and an area described as having 77,000+ residents in the immediate catchment area. Multiple subway and bus lines provide direct transit access, while the surrounding community includes a multinational population with established personal-care demand.
Key Highlights
- 800‑square‑foot nail and spa business at 8001 Northern Boulevard
- Opened in 2024 with luxury‑grade finishes and modern equipment
- Full access to an additional 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
7.18%
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 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 20.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,232
Businesses Nearby
219k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Shops & Services 32%
Dining 22%
Apparel 10%
Super Foodtown
Groceries
26,968 visits/mo
0.5 miles
Key Food Supermarkets
Groceries
20,764 visits/mo
0.2 miles
Old Navy
Apparel
20,466 visits/mo
0.5 miles
KFC
Dining
18,428 visits/mo
0.3 miles
Farm Country of Jackson Heights
Groceries
17,690 visits/mo
0.5 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
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Similar Off Market Nearby
- Refix New York Distributor — 4008 67th St, Woodside, NY 11377
- Qixia Kuang — 7216 Roosevelt Ave #2R, Jackson Heights, NY 11372
- Mimi Traditional Recovery — 7512 Roosevelt Ave, Flushing, NY 11372
- Golden Acupuncture Center — 4043 75th St, Elmhurst, NY 11373
- Way2health Healing Center — 41 75th St #15, Elmhurst, NY 11373
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Opened in 2024 with modern equipment, upscale finishes, and a 10-year 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 $199,000.
What are key features of this property?
This property features: 800‑square‑foot nail and spa business at 8001 Northern Boulevard; Opened in 2024 with luxury‑grade finishes and modern equipment; Full access to an additional 800‑square‑foot basement
