Building Details

Building Size 5,000 SF

Year Built 1990

Units 2

Listing Agency: Vision Homes Real Estate LLC Show Phone

Listed By: Avnish Kumar · License #10491209469 Show Phone

Source: Croninreale

Added: Feb 4 Changed: Oct 23 Last Checked: Oct 23 at 9:55AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,000-square-foot flex property combines an open warehouse floor with a separate second-floor area suited to office or inventory use. High ceilings and a dedicated loading bay support day-to-day operations. The property was built in 1990 and is zoned M1-1.

The site measures approximately 2,500 square feet and has street access at 9011 130th Street in Richmond Hill, New York.

Key Highlights

• 5,000‑square‑foot flex property
• Approximately 2,500‑square‑foot lot
• Open warehouse floor with high ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,365

Cap Rate

5.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,587,300 $1.6M

Cap Rate 7%

$1,133,786 $1.1M

Cap Rate 9%

$881,833 $881.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

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 Rate 5%

$1,587,300

Cap Rate 7%

$1,133,786

Cap Rate 9%

$881,833

Alternative Uses

Best Use

Flex RnD

$1.13M

$992.1K – $1.32M (±1% cap)

NOI $79,365 @ 7.0% cap · market cap 5.29%

Second Best

Warehouse

$545.6K

$477.4K – $636.6K (±1% cap)

NOI $38,195 @ 7.0% cap · market cap 2.55%

Theoretical Best

Office A

$3.69M

$3.23M – $4.30M (±1% cap)

NOI $258,024 @ 7.0% cap · market cap 17.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Gym & Fitness Center Skin Care Clinic Real Estate Agency Veterinary Clinic Pet Grooming Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Mixed-Use Property with Storefronts

Richmond Hill, NY 11418

$5,350,000

0.17 Acres

View details

Vacant Warehouse

130-43 92nd Ave, Richmond Hill, NY 11418

Contact for pricing

5,000 SF

View details

Renovated Mixed-Use Building

125-16 Jamaica Ave, Richmond Hill, NY 11418

$1,500,000

4,000 SF

View details

6-Unit Brick Apartment Building

87-30 114th Street, Richmond Hill, NY 11418

$929,000

View details

Three-Story Mixed-Use Building

10515 Jamaica Avenue, Richmond Hill, NY 11418

$1,329,000

4,180 SF

View details

Fully Occupied Mixed-Use Property

10228 Jamaica Ave, Richmond Hill, NY 11418

$1,798,000

4,232 SF

View details

Two-Unit Medical Office Building

105-09 Jamaica Avenue, Richmond Hill, NY 11418

$2,150,000

4,420 SF

View details

Mixed-Use Property with Storefront

106-17 Jamaica Avenue, Richmond Hill, NY 11418

$1,288,000

3,363 SF

View details

4-Unit Multifamily Property

12615 Jamaica Avenue, Richmond Hill, NY 11418

$1,475,000

2,880 SF

View details

Single-Tenant Retail Storefront

101-20 Jamaica Ave, Richmond Hill, NY 11418

$2,900,000

6,800 SF

View details

Three-Property Multifamily Portfolio

11213 Jamaica Avenue, Richmond Hill, NY 11418

$2,889,000

View details

Colonial Residential Income Property

86-12 123rd Street, Richmond Hill, NY 11418

$1,225,000

View details

Similar Off Market Nearby

• Dhaba Punjabi and Groceries — 113-11 101st Ave, South Richmond Hill, NY 11419
• LCI Caterers — 112-08 101st Ave, Richmond Hill, NY 11419
• Dhaba Punjabi & Groceries (Punjabi Dhaba) — 113-11 101st Ave, South Richmond Hill, NY 11419
• Smart Chef Supply Inc — 13011 91st Ave, Richmond Hill, NY 11418
• Tramble snacks — 83-57 118th St Apt 1F, Queens, NY 11415

Frequently Asked Questions

What type of property is this?

Flex space - Warehouse and office areas are arranged across two levels, with street access and a dedicated loading bay.

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 $1,499,000.

What are key features of this property?

This property features: 5,000‑square‑foot flex property; Approximately 2,500‑square‑foot lot; Open warehouse floor with high ceilings