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

    8445 Jamaica Ave Woodhaven, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three properties with redevelopment and income-growth potential near transit.

    Type:RETAIL
    Property size:
    3,895 SF
    Lot size:
    0.05 Acres
    Added:
    Oct 21, 2025
    Days on Market:
    188
    Last Refresh:
    Apr 5 at 10:36 pm

    Property Features for 8445 Jamaica Ave

    General Information

    Standard status
    Active
    Size
    3,895 SF
    Lot size
    0.05 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Stephen R. Preuss
    Stephen R. Preuss

    Listing agent Stephen R. Preuss License #NY 10401281448

    Listing office RIPCO Real Estate - Queens

    Listing date Oct 21, 2025

    Source Moodyscre

    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 RIPCO Real Estate - Queens

    Overview

    Retail, Mixed-Use, and Land Package

    This offering comprises a package of three properties: a retail building (formerly a grocery store), a mixed-use building, and a parcel of vacant land. The properties present redevelopment and income-growth potential. The location offers excellent transit access, situated across from the 85th Street - Forest Parkway J/Z subway station. The retail building has a size of 3895 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sun Color (Bike/Boat/Book/etc) Store

    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

    • Compare Foods of Woodhaven — 77-20 Jamaica Ave, Queens, NY 11421
    • Western Beef Supermarket — 814 Jamaica Ave, Brooklyn, NY 11208
    • Key Food Supermarket — 208 Crescent St., Brooklyn, NY 11208
    • La Sirena supermarket — 3334 Fulton St, Brooklyn, NY 11208
    • Cherry Valley Marketplace — 84-12 97th Ave, Queens, NY 11416

    Location Insight

    • Map
    • Local Demand
    City
    Woodhaven
    County
    Queens
    State
    New York
    Longitude
    -73.8607
    Latitude
    40.6926

    Nearby Similar for Sale

    • $929,000

      Renovated Two-Family Home, Woodhaven

      Fully renovated two-family home with separate entrance and parking.
      9108 77th Street, Woodhaven, NY 11421
      View Details
    • $949,000

      Woodhaven Two-Family Home For Sale

      Well-maintained two-family home in a desirable Woodhaven location.
      9213 91st Ave, Woodhaven, NY 11421
      View Details
    • $875,000

      Woodhaven Two-Dwelling Brick Property

      Move-in ready two-dwelling brick property in Woodhaven, Queens.
      76-18 85th Road, Woodhaven, NY 11421
      View Details
    • $910,000

      Colonial Style Home in Woodhaven

      Two-family colonial home with garage in Woodhaven, Queens.
      91-03 95th Street, Woodhaven, NY 11421
      View Details
    • $1,250,000

      Woodhaven Two-Dwelling Brick Home

      Two-dwelling brick home in Woodhaven with 7 bedrooms and 5 bathrooms.
      94-32 86th Road, Woodhaven, NY 11421
      View Details
    • $900,000

      Woodhaven Multifamily Property For Sale

      5 bedrooms, 4 bathrooms, large lot, excellent condition, move-in ready.
      86-29 90th Street, Woodhaven, NY 11421
      View Details
    • $750,000

      Updated Two-Family Home in Woodhaven

      Two-family home rebuilt in 2016, ideal for investors/homeowners.
      9125 90th Street, Woodhaven, NY 11421
      View Details
    • $1,499,900

      Victorian Multi-Family in Woodhaven, NY

      Charming Victorian with modern updates, near Forest Park.
      94-25 85th Road, Woodhaven, NY 11421
      View Details
    • $925,000
      2,048 SF

      Woodhaven Two-Family House with Garage

      Two-family house in Woodhaven with rental income potential.
      76-15 86th Avenue, Woodhaven, NY 11421
      View Details
    • $999,900

      Woodhaven Multi-Family Residence

      Multi-family property in Woodhaven, NY with rental income.
      90-46 76th Street, Woodhaven, NY 11421
      View Details
    • $1,390,000

      Two-Family Home in Woodhaven Estates

      Rare two-family home in Woodhaven Park Estates, built in 2004.
      93-05 91st Avenue, Woodhaven, NY 11421
      View Details
    • $1,478,888
      3,911 SF

      Woodhaven Mixed-Use Building For Sale

      Mixed-use building with store and two apartments in Woodhaven.
      8711 JAMAICA AVE, Woodhaven, NY 11421
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Three properties with redevelopment and income-growth potential near transit.
    Where is this grocery and convenience store located?
    The property is located at 8445 Jamaica Ave Woodhaven, NY.
    What are key features of this property?
    This property features: Excellent Transit Access - Across from the 85th Street - Forest Parkway J/Z subway; Package of Three Properties - Retail (Former Grocery), Mixed‑Use, and Vacant Land; Redevelopment Potential
    (516) 647-7155 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephen R. Preuss
    Stephen R. Preuss
    Real Estate License ID: NY 10401281448
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!