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    Property profile & analytics

    10430 Jamaica Ave Queens, NY 11418

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 10430 Jamaica Ave

    Property type
    Land

    Description

    This exceptional Queens, NY development opportunity presents a shovel-ready 3,084 sq ft lot at 10430 Jamaica Ave, zoned R6A and C2-4. Approved plans exist for a mixed-use building encompassing ten residential units and over 1,000 sq ft of ground-floor commercial space. The 31.5 ft x 100 ft lot offers significant potential, with zoning allowing for a building up to 9,252 sq ft. A key advantage is the complete waiver of parking requirements, maximizing buildable space and project flexibility. Located in Richmond Hill, this property benefits from its proximity to the 104th Street J/Z subway station, just two blocks away, ensuring excellent accessibility. The asking price is $1,450,000. The property is currently vacant and ready for immediate development. Furthermore, the adjacent property is under the same ownership, facilitating streamlined development processes and potential for expansion. This presents a rare chance to capitalize on a prime location and approved plans in a thriving 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
    -73.8423
    Latitude
    40.6952

    Comparable in this City

    • Value Estimation by Request

      12513 Jamaica Ave

      Land
      12513 Jamaica Ave, Queens, NY 11418
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    • Value Estimation by Request

      116-14 Grosvenor Ln

      Land
      116-14 Grosvenor Ln, Queens, NY 11418
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    • Value Estimation
      $800,000
      140,196 SF

      8331 116th St

      APARTMENT HOUSE (5+ UNITS) • 140,196 SF
      8331 116th St, Jamaica, NY 11418-3490
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    • Value Estimation by Request
      7,880 SF

      11602 Curzon Rd

      APARTMENT HOUSE (5+ UNITS) • 7,880 SF
      11602 Curzon Rd, Jamaica, NY 11418-3465
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    • Value Estimation
      $980,000
      2,200 SF

      8906 102nd St

      APARTMENT HOUSE (5+ UNITS) • 2,200 SF
      8906 102nd St, Jamaica, NY 11418-2127
      View Details
    • Value Estimation
      $375,000
      6,696 SF

      8624 102nd St

      APARTMENT HOUSE (5+ UNITS) • 6,696 SF
      8624 102nd St, Jamaica, NY 11418-1510
      View Details

    Similar Nearby for Sale

    • $98,000

      Queens Land Available For Sale

      Land available for sale in Queens, New York.
      116-33 Metropolitan Ave, Jamaica, NY 11418
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    • $999,000
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      Richmond Hill Two-Family Home

      Two-family home in Richmond Hill, perfect for investors.
      8754 110Th St, Richmond Hill, NY 11418
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    • $1,580,000

      Mixed-Use Property on Jamaica Avenue

      Mixed-use property with residential and commercial units in Richmond Hill.
      113-10 Jamaica Ave, Richmond Hill, NY 11418
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    • $999,888
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      Richmond Hill Two-Family Home

      Two-family home in Richmond Hill with income potential.
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    • $699,000

      Richmond Hill Two-Family Home

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      8530 101St St, Jamaica, NY 11418
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    • $269,000

      Well-Maintained Two Bedroom Apartment

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    Similar Nearby for Lease

    • $3,500 /Mo
      1,228 SF

      Mixed-Use Building in Richmond Hill

      Mixed-use building with retail space and residential unit for rent.
      12115 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • $6,000 /Mo
      2,000 SF

      Richmond Hill Commercial Space Available

      Versatile 2,000 SF commercial space in a vibrant location.
      12009 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • $4,000 /Mo
      1,930 SF

      Retail Space in Richmond Hill

      Newly renovated retail space suitable for various businesses.
      107-10 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • Contact for pricing
      1,489 SF

      Retail/Medical Space Near Jamaica Hospital

      Retail or medical space in new construction near train.
      132-77 Metropolitan Ave, Richmond Hill, NY 11418
      View Details
    • New
      $7,500 /Mo
      1,782 SF

      Richmond Hill Commercial Space Available

      Commercial space for rent in Richmond Hill, Queens.
      11710 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • $21,000
      6,500 SF

      Retail Space with High Ceilings

      6,500 SF retail space with 29 ft ceilings.
      11420 Jamaica Ave, Richmond Hill, NY 11418
      View Details
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    10430 Jamaica Ave
    Queens, NY 11418
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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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