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    Glendale Commercial Property with Yard Title is generated by Realmo AI

    88-81 76th Avenue, Glendale, NY 11385

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    For Sale
    $8,500,000

    COMMERCIAL - Glendale, NY

    Property size:
    18,313 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $464/SF
    Added:
    Dec 16, 2025
    Days on Market:
    148
    Last Refresh:
    May 13 at 5:06 am

    Property Features for 88-81 76th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M1-1
    Standard status
    Active
    APN
    03856-0204
    Size
    18,313 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    49897

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Electric
    Water source
    Private

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    Tian qing Zhuo

    Listing agent Tian qing Zhuo License #10401319163

    Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY

    Listing date Dec 16, 2025

    MLS# 944623

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner location with excellent truck access and convenient access to multiple major highways.
    • Relatively new construction (approx. 12 years old).
    • 22 FT clear ceiling height.
    • Three (3) separate drive‑in entrances.
    • Large warehouse space: 11,410 SF.
    • Outdoor yard: 7,404 SF.

    Overview

    This commercial property in Glendale, NY, features a total building size of 18,313 square feet, including an 11,410-square-foot warehouse and a 500-square-foot office space. The property also includes a 7,404-square-foot outdoor yard. The building has a clear ceiling height of 22 feet and three drive-in entrances. Constructed approximately 12 years ago, the property is relatively new. It occupies a prime corner location with excellent truck access and convenient access to multiple major highways. The property is zoned M1-1, making it suitable for logistics, e-commerce fulfillment, warehousing, distribution, and various light industrial uses. The lot size is 0.4204 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Big Bob's Cooking — 10615 Queens Blvd, Forest Hills, NY 11375
    • Tania's Kitchen NYC — 118-18 Union Tpke, Kew Gardens, NY 11415
    • Baby-led Weaning (BLW) for Busy Moms — 77-15 113th St, Forest Hills, NY 11375
    • C B Catering Inc — 7146 Main St, Flushing, NY 11367
    • Catering Co at the Palladium — 10811 70th Rd, Queens, NY 11375

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Queens
    State
    New York
    Longitude
    -73.836283
    Latitude
    40.716879

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    FAQs

    What type of property is this?
    Flex space - 18,313 SF commercial building with warehouse and yard.
    Where is this flex space located?
    The property is located at 88-81 76th Avenue Glendale, NY.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: Prime corner location with excellent truck access and convenient access to multiple major highways.; Relatively new construction (approx. 12 years old).; 22 FT clear ceiling height.
    (646) 922-8888
    We can help!
    Listing Contact
    Tian qing Zhuo
    Real Estate License ID: 10401319163
    Learn More
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    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
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