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    211-75 Jamaica Ave Queens, NY 11428

    • Retail properties
    • 1,995 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 211-75 Jamaica Ave

    Lot size
    0.05 lot acres
    Property size
    1,995 SF
    Property type
    Retail properties

    Description

    This exceptional retail investment opportunity presents a fully renovated 1,995 square foot property situated on a 0.05-acre lot at 211-75 Jamaica Avenue in Queens, New York, zip code 11428. The property boasts a prime location within a high-traffic area, offering convenient access to various forms of transportation, shopping, and numerous amenities. The building's current income stream is substantial, generating significant returns for the owner. Currently, the ground floor retail space commands a monthly rent of $3,675. Additionally, the second floor features two separate 2-bedroom apartments, each generating a monthly rental income of $2,696. This translates to a combined monthly rental income of $9,067, offering a strong and stable cash flow for the investor. The asking price for this lucrative investment is $1,400,000. This fully renovated property presents a rare opportunity to acquire a high-performing retail investment in a desirable Queens location. The property's strong rental income, prime location, and recent renovations make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. Don't miss this chance to secure a piece of Queens' thriving commercial real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.7469
    Latitude
    40.7159

    Comparable in this City

    • Value Estimation by Request
      72,879 SF

      222-25 Jamaica Ave

      Industrial properties • 72,879 SF
      222-25 Jamaica Ave, Queens, NY 11428
      View Details
    • Value Estimation by Request
      2,160 SF

      216-09 Jamaica Ave

      Individual retail properties • 2,160 SF
      216-09 Jamaica Ave, Queens, NY 11428
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    • Value Estimation by Request
      1,800 SF

      207-02 Jamaica Ave

      Automotive properties • 1,800 SF
      207-02 Jamaica Ave, Queens, NY 11428
      View Details
    • Value Estimation
      $290,000
      1,200 SF

      21309 Jamaica Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      21309 Jamaica Ave, Jamaica, NY 11428-1619
      View Details
    • Value Estimation
      $275,000
      360 SF

      9217th Winchester Blvd

      GAS STATION • 360 SF
      9217th Winchester Blvd, Jamaica, NY 11428-1866
      View Details
    • Value Estimation
      $680,000
      1,460 SF

      21008 Jamaica Ave

      AUTO REPAIR, GARAGE • 1,460 SF
      21008 Jamaica Ave, Jamaica, NY 11428-1550
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Queens Village Mixed-Use Opportunity

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      Jamaica Avenue Retail Space

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      Retail Space on Jamaica Avenue

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      Jamaica Avenue Retail Space Available

      Retail space available in high-traffic area of Queens Village.
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    • $5,000 /Mo

      Jamaica Avenue Retail Space Available

      Newly renovated retail space in high-traffic Jamaica Avenue location.
      211-75 Jamaica Ave, Jamaica, NY 11428
      View Details
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    211-75 Jamaica Ave
    Queens, NY 11428
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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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