Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    33-02 30Th Ave Queens, NY 11103

    • Specialty properties
    • 20,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bright and Busy Daycare / Day Care Center
    • +MEDRITE Astoria Urgent Care - Queens / Urgent Care Center

    Property Details for 33-02 30Th Ave

    Year built
    2020
    Property size
    20,000 SF
    Property type
    Specialty properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 5,000-square-foot office space, located at 33-02 30th Avenue, 3rd Floor in Astoria, Queens, NY 11103, is available for lease. Situated in a modern building constructed in 2020, this single-tenant space boasts 14-foot-high ceilings and abundant natural sunlight, creating a bright and inviting atmosphere. The open floor plan offers incredible flexibility for a variety of businesses. The building itself is a 20,000 square foot structure with a mix of office and other uses. This property is ideally suited for medical practices (physical therapy, urgent care), children-oriented businesses, or any business seeking high visibility. Its prime location, just two blocks from the N/W train station, ensures easy accessibility for employees and clients. The building offers 24-hour access, providing ultimate convenience. Currently, the building houses an urgent care facility and a pre-k daycare, creating a vibrant and diverse community. This is a rare opportunity to secure a modern, well-located office space in a thriving Astoria neighborhood. The property is classified as Office, Industrial, and Special Purpose, offering versatility for various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Suffolk
    State
    New York
    Longitude
    -73.9198
    Latitude
    40.7658

    Comparable in this City

    • Value Estimation by Request
      8,500 SF

      32-56 Steinway St

      Office space • 8,500 SF
      32-56 Steinway St, astoria, NY 11103
      View Details
    • Value Estimation by Request
      5,400 SF

      30-32 Steinway St

      Office space • 5,400 SF
      30-32 Steinway St, Queens, NY 11103
      View Details
    • Value Estimation by Request
      20,000 SF

      32-72 Steinway St

      Medical offices • 20,000 SF
      32-72 Steinway St, Queens, NY 11103
      View Details
    • Value Estimation by Request
      55,500 SF

      46-04 31St Ave

      Individual retail properties • 55,500 SF
      46-04 31St Ave, Queens, NY 11103
      View Details
    • Value Estimation by Request

      38-16 30Th Ave

      Restaurants
      38-16 30Th Ave, Queens, NY 11103
      View Details
    • Value Estimation by Request

      25-90 41St St

      Coworking space
      25-90 41St St, Queens, NY 11103
      View Details

    Similar Nearby for Sale

    • $1,599,000
      Pending

      Astoria Triplex with Parking

      Spacious triplex in prime Astoria with parking and potential.
      4612 25Th Ave, Astoria, NY 11103
      View Details
    • $5,650,000

      Queens Specialty Property For Sale

      Specialty property available for sale in Queens, New York.
      3801 31St Ave, Queens, NY 11103
      View Details
    • $260,000

      Queens Specialty Property for Sale

      Specialty property available in Queens, New York.
      38-01 31St Ave, Queens, NY 11103
      View Details
    • $325,000

      Queens Specialty Property For Sale

      Specialty property available in Queens, New York.
      24-65 38Th St, Queens, NY 11103
      View Details
    • $4,200,000

      Queens Specialty Property For Sale

      Specialty property available for purchase in Queens, New York.
      41-11 28Th Ave, Queens, NY 11103
      View Details
    • $1,648,000

      Queens Specialty Property For Sale

      Specialty property available for purchase in Queens, New York.
      31-61 43Rd St, Queens, NY 11103
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      8,500 SF

      Astoria Office Space For Lease

      Modern 800-1800 sq ft office suite.
      32-56 Steinway St, astoria, NY 11103
      View Details
    • $840 /Mo
      20,000 SF

      Astoria Medical Office Space For Lease

      Turnkey Medical Office, 2,000 SF Available
      32-72 Steinway St, Queens, NY 11103
      View Details
    • Contact for pricing
      3,200 SF

      Astoria Office Space for Lease

      3,200 SF office space ideal for medical or general use.
      2515 Steinway St, Astoria, NY 11103
      View Details
    • $9,500 /Mo

      Astoria Office Space for Rent

      2,300 sq ft office space in a prime location.
      3719 Broadway, Queens, NY 11103
      View Details
    • $10,500 /Mo

      Queens Retail/Office Space Available

      Retail or office space for rent in Queens, New York.
      18-33 42Nd St, Queens, NY 11103
      View Details
    • $10,000 /Mo

      Astoria Office Showroom Space

      Versatile 3500 SF office/showroom space in Astoria, Queens.
      42-02 Astoria Blvd, Queens, NY 11103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    33-02 30Th Ave
    Queens, NY 11103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.