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    1117 30Th Dr Astoria, NY 11102

    • Commercial real estate
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1601958
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1117 30Th Dr

    Lot size
    0.06 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 1117 30th Drive in Astoria, New York, presents a compelling investment opportunity. Offered at $1,000,000, this 0.06-acre lot provides significant potential for redevelopment or continued operation as a mixed-use space. The property's precise square footage is currently unavailable, however, the 0.06-acre lot size in the vibrant Astoria neighborhood suggests considerable development potential. Situated in Queens County, New York, with a zip code of 11102, this property benefits from its convenient location within the bustling Astoria community. The property's address is 1117 30th Drive, Astoria, NY 11102, offering easy access to local amenities, transportation, and a diverse population base. Given the current lack of square footage information, interested parties are encouraged to conduct their own due diligence to fully assess the property's potential. The asking price of $1,000,000 represents a significant opportunity for investors seeking a foothold in the dynamic New York City real estate market. Further investigation into zoning regulations and potential uses is recommended. This property is being sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    36081
    State
    New York
    Longitude
    -73.933656
    Latitude
    40.77033

    Comparable in this City

    • $1,525,000
      2,400 SF

      which means it may need repairs or modernization. It\u00e2\u0080\u0099s a great investment prospect for someone looking to operate a business and earn rental income. LOW TAXES! Floor-plans available upon request""""}"""

      Astoria Mixed-Use Corner Building
      26Th Rd, Astoria, NY 11102
      View Details
    • $2,675,000
      3,546 SF

      Astoria Mixed-Use Investment Opportunity

      Mixed-use building with residential and commercial spaces in vibrant Astoria.
      33-29 Astoria Blvd S, Queens, NY 11102
      View Details
    • $2,700,000
      4,500 SF

      Astoria 5-Family Investment Property

      High-Income, Legal 5-Family in Prime Astoria
      1426 30Th Dr, Astoria, NY 11102
      View Details
    • $2,300,000

      Astoria Retail & Warehouse Opportunity

      Corner commercial property on Astoria's 30th Avenue with high visibility.
      29-30 12Th St, Queens, NY 11102
      View Details
    • $1,099,000

      Astoria Two-Family Duplex Opportunity

      Two duplex apartments in Astoria with expansion potential.
      1151 Welling Ct, Queens, NY 11102
      View Details
    • $1,980,000

      Well-Maintained Three-Family Home

      Spacious apartments with bonus rooms, shared laundry, and private backyard.
      3011 23Rd St, Queens, NY 11102
      View Details

    Similar Nearby for Sale

    • $2,675,000
      3,546 SF

      Astoria Mixed-Use Investment Opportunity

      Mixed-use building with residential and commercial spaces in vibrant Astoria.
      33-29 Astoria Blvd S, Queens, NY 11102
      View Details
    • $1,525,000
      2,400 SF

      which means it may need repairs or modernization. It\u00e2\u0080\u0099s a great investment prospect for someone looking to operate a business and earn rental income. LOW TAXES! Floor-plans available upon request""""}"""

      Astoria Mixed-Use Corner Building
      26Th Rd, Astoria, NY 11102
      View Details
    • $1,600,000
      0.06 Acres

      Astoria Multi-Family Investment Opportunity

      Six-unit building, prime Astoria location, great income potential.
      2313 28Th Ave, Astoria, NY 11102
      View Details
    • $7,250,000
      13,344 SF

      Astoria Multifamily Investment Opportunity

      20-Unit Apartment Building, High ROI Potential
      2815 24Th Ave, Astoria, NY 11102
      View Details
    • $1,900,000

      Renovated Astoria Five-Family Home

      Renovated five-family home in Astoria with income potential.
      14-26 30Th Dr, Queens, NY 11102
      View Details
    • $1,175,000

      Queens Specialty Property For Sale

      Specialty property available for purchase in Queens, New York.
      3057 14Th St, Queens, NY 11102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,134 SF

      Astoria Mixed-Use Retail Opportunity

      Retail space in a waterfront mixed-use development in Astoria, Queens.
      26-02 1St St, Queens, NY 11102
      View Details
    • $10,500 /Mo

      Luxury Offices in Astoria Center

      3500 sqft office with parking near Astoria Blvd station.
      2550 Crescent St, Queens, NY 11102
      View Details
    • $53 SF/Yr
      550 SF

      Astoria Office Space: Hallets Cove

      Prime Astoria Office, 550 sq ft, Single Tenant
      26-24 4Th St, Queens, NY 11102
      View Details
    • $50 SF/Yr
      6,000 SF

      Long Island City Retail Space

      New development retail space available for rent in Long Island City.
      35-10 12Th St, Long Island City, NY 11102
      View Details
    • $6,600,000
      1,100 SF

      Medical Office Space Available

      Medical office space featuring examination rooms, parking, and utilities included.
      23-22 30Th Ave, Astoria, NY 11102
      View Details
    • Contact for pricing
      391,500 SF

      Prologis Queensboro Crossing Development

      391,500 SF development in Long Island City.
      38-21 12Th St, Queens, NY 11102
      View Details
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    1117 30Th Dr
    Astoria, NY 11102
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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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