Ground-Level Medical Office
New
For Sale
$390,000
8712 175th Street, Queens, NY 11432
Commercial, Queens, NY
Property Size469 SF
Lot Size0.11 Acres
Price / SF$831.56
Days on Market1
Property Features for 8712 175th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R4-1
Subdivision
Jamaica
Standard status
Active
Size
469 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4939
Building Details
Number of units
1
Flooring type
Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
DiTommaso Real Estate
Listed By:
Ivana Minici
(718) 667-8000
Added: Sep 11
Last Checked: Sep 11 at 10:06PM
MLS# 504471
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This 469-square-foot medical office suite occupies a ground-level position at 8712 175th Street in Queens, New York. The property is constructed with brick, features tile flooring, and has a flat roof. It is designated R4-1 and is located in the 11432 postal area of Queens County.
Key Highlights
- 469 square feet of medical office space
- Ground‑level suite configuration
- Tile flooring
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
$15,441
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
3.96%
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%
$308,820
$308.8K
Cap Rate 7%
$220,586
$220.6K
Cap Rate 9%
$171,567
$171.6K
Market Conditions
NOI Build-Up for 469 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
$23.6K $50.40/SF
− Vacancy
−$3.0K −$6.50/SF
EGI
$20.6K $43.90/SF
− OpEx
−$5.1K −$10.97/SF
NOI
$15.4K $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%
$308,820
Cap Rate 7%
$220,586
Cap Rate 9%
$171,567
Alternative Uses
Best Use
Office B
$220.6K
$193.0K – $257.4K
NOI $15,441 @ 7.0% cap · market cap 3.96%
Second Best
Healthcare Medical
$154.5K
$135.2K – $180.2K
NOI $10,814 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$345.8K
$302.5K – $403.4K
NOI $24,203 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,161
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite has tile flooring and a ground-level position.
Where is this medical office space located?
The property is located at 8712 175th Street Queens, NY.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 469 square feet of medical office space; Ground‑level suite configuration; Tile flooring
