Flex Space with Loading
For Sale
$1,599,000
9011 130th Street, Richmond Hill, NY 11418
The layout combines open warehouse space, upper-level office potential, and direct street loading access.
Property Size5,000 SF
Lot Size0.06 Acres
Days on Market207
Property Features for 9011 130th Street
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.06 Acres
Property subtype
Commercial
Zoning
M1-1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$22,964
Building Details
Building Size
5,000 SF
Year Built
1990
Units
2
Listing Agency:
Vision Homes Real Estate LLC
(917) 957-9969
Listed By:
Avnish Kumar · License #10491209469
(917) 957-9969
Source:
Mydreamhomerealty
Added: Feb 4
Changed: Aug 30
Last Checked: Aug 25 at 9:26AM
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 Vision Homes Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1990, this flex space includes an open warehouse floor with high ceilings and a dedicated second-floor area. The upper level can function as private administrative office space or provide additional inventory storage as a mezzanine. The property also includes a dedicated loading bay and direct street access for receiving and dispatching goods. The approximately 2,500-square-foot lot is located at 9011 130th Street in Richmond Hill, NY. M1-1 zoning and the warehouse configuration accommodate the industrial character of the property, with source-described potential for storage, light manufacturing, or distribution uses.
Key Highlights
- Approximately 2,500 sq. ft. lot
- M1‑1 zoning
- Open warehouse floor with high ceilings
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
$79,365
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
4.96%
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%
$1,587,300
$1.6M
Cap Rate 7%
$1,133,786
$1.1M
Cap Rate 9%
$881,833
$881.8K
Market Conditions
NOI Build-Up for 5,000 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
$132.0K $26.40/SF
− Vacancy
−$9.9K −$1.98/SF
EGI
$122.1K $24.42/SF
− OpEx
−$42.7K −$8.55/SF
NOI
$79.4K $15.87/SF
Area
Queens County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,587,300
Cap Rate 7%
$1,133,786
Cap Rate 9%
$881,833
Alternative Uses
Best Use
Office B
$2.35M
$2.06M – $2.74M
NOI $164,619 @ 7.0% cap · market cap 10.30%
Second Best
Flex RnD
$1.13M
$992.1K – $1.32M
NOI $79,365 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,024 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,901
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - The layout combines open warehouse space, upper-level office potential, and direct street loading access.
Where is this flex space located?
The property is located at 9011 130th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Approximately 2,500 sq. ft. lot; M1‑1 zoning; Open warehouse floor with high ceilings
