Flex Space with Loading
For Sale
$10,500,000
8636 127TH ST, Jamaica, NY 11418
Warehouse and office components include direct loading access for coordinated commercial operations.
Property Size26,000 SF
Price / SF$403.85
Days on Market226
Property Features for 8636 127TH ST
General Information
Standard status
Active
Size
26,000 SF
Property subtype
Mixed Use
Warehouse & Industrial
Warehouse Space
20,000 SF
Office Build-Out
6,000 SF
Dock-High Doors
2
Amenities
Unfurnished
255 X 100
Building Details
Year Built
1900
Listing Agency:
Carini Group LLC
(917) 833-4388
Listed By:
ALEX CARINI
(917) 833-4388
Source:
Xome
Added: Jan 16
Changed: Aug 29
Last Checked: Aug 29 at 7:58PM
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 Carini Group LLC
Investment Insights
Based on property information with market context.
This flex property contains approximately 20,000 SF of warehouse area alongside approximately 6,000 SF of office space, creating a substantial combination of operational and administrative areas. Two loading docks provide direct access to the warehouse, while the property size is listed at 26,000 square feet. The building dates to 1900 and is described as well maintained.
The property is located at 8636 127TH ST in Jamaica, New York. It is approximately 5 minutes from the Van Wyck, 10 minutes from the Belt Parkway, 10 minutes from JFK Airport, and 15 minutes from La Guardia. Subway access is also nearby.
The property is located at 8636 127TH ST in Jamaica, New York. It is approximately 5 minutes from the Van Wyck, 10 minutes from the Belt Parkway, 10 minutes from JFK Airport, and 15 minutes from La Guardia. Subway access is also nearby.
Key Highlights
- Approximately 20,000 SF of warehouse area plus approximately 6,000 SF of office space
- Two loading docks with direct warehouse access
- 26,000 square feet of total property size
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
$856,019
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
8.15%
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%
$17,120,380
$17.1M
Cap Rate 7%
$12,228,843
$12.2M
Cap Rate 9%
$9,511,322
$9.5M
Market Conditions
NOI Build-Up for 26,000 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
$1.31M $50.40/SF
− Vacancy
−$169.0K −$6.50/SF
EGI
$1.14M $43.90/SF
− OpEx
−$285.3K −$10.97/SF
NOI
$856.0K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$17,120,380
Cap Rate 7%
$12,228,843
Cap Rate 9%
$9,511,322
Alternative Uses
Best Use
Office B
$12.23M
$10.70M – $14.27M
NOI $856,019 @ 7.0% cap · market cap 8.15%
Second Best
Flex RnD
$5.90M
$5.16M – $6.88M
NOI $412,698 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$19.17M
$16.77M – $22.36M
NOI $1,341,725 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
3,632
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office components include direct loading access for coordinated commercial operations.
Where is this flex space located?
The property is located at 8636 127TH ST Jamaica, NY.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Approximately 20,000 SF of warehouse area plus approximately 6,000 SF of office space; Two loading docks with direct warehouse access; 26,000 square feet of total property size
