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    92-29 Queens Blvd Queens, NY 11374

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OCLI Vision Rego Park (Fishman Center for Total Eye Care) / Eye Care Center
    • Dr. Allen J. Fishman, MD / Ophthalmologist / Doctor
    • Dr. Silas L. Wang, MD / Ophthalmologist / Doctor
    • Body Bar / Health Spa / Beauty Salon
    • Continental Mailboxes (Authorized FedEx Shipping Center) / Notary Public / Passport Photo Processor

    Property Details for 92-29 Queens Blvd

    Property type
    Office Properties & Spaces

    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
    -73.8671
    Latitude
    40.7325

    Comparable in this City

    • Value Estimation
      $270,000
      1,062 SF

      9712 63rd Dr

      OFFICE (GENERAL) • 1,062 SF
      9712 63rd Dr, Flushing, NY 11374-2243
      View Details
    • Value Estimation
      $265,000
      723 SF

      9712 63rd Dr Ste 1f

      OFFICE (GENERAL) • 723 SF
      9712 63rd Dr Ste 1f, Flushing, NY 11374-2244
      View Details
    • Value Estimation
      $420,000
      12,334 SF

      9729 64th Rd Ste, Unit 1

      CONDOMINIUM OFFICES • 12,334 SF
      9729 64th Rd Ste, Flushing, NY 11374-2240
      View Details
    • Value Estimation
      $255,000
      1,091 SF

      6473 Austin St, Unit M2

      OFFICE (GENERAL) • 1,091 SF
      6473 Austin St, Flushing, NY 11374-4192
      View Details
    • Value Estimation
      $270,000
      760 SF

      9229 Queens Blvd Ste 1k

      OFFICE (GENERAL) • 760 SF
      9229 Queens Blvd Ste 1k, Flushing, NY 11374-1072
      View Details
    • Value Estimation
      $315,000
      1,012 SF

      6336 99th Stcf-a

      OFFICE (GENERAL) • 1,012 SF
      6336 99th Stcf-a, Flushing, NY 11374-1979
      View Details

    Similar Nearby for Sale

    • $250,000
      700 SF

      Rego Park Office Space Available

      Commercial space in prewar building with high visibility and accessibility.
      98-120 Queens Blvd, Rego Park, NY 11374
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    • $350,000
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      Rego Park Office with Private Entrance

      Commercial suite in prewar building with high visibility and accessibility.
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    • $300,000
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      Turn-Key Office Suite in Queens

      First-floor office suite in Rego Park, near transportation and amenities.
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    • $399,000

      Rego Park Commercial Office Unit

      Commercial office unit for sale in prime Rego Park location.
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    • $875,000

      Medical Office in Forest Hills

      Professional medical office in prime Forest Hills location for sale.
      99-45 67Th Rd, Rego Park, NY 11374
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    • $250,000

      Commercial Unit in Prewar Building

      Commercial suite in The Virginia, Rego Park, with private entrance.
      98-120 Queens Blvd, Rego Park, NY 11374
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    Similar Nearby for Lease

    • Contact for pricing
      29,991 SF

      Rego Park Office Space

      Office space available for lease in Rego Park, NY.
      97-77 Queens Blvd, Rego Park, NY 11374
      View Details
    • Contact for pricing
      2,150 SF

      Rego Park Office Space Available

      2,150 SF office space with new renovations for rent.
      8918 63Rd Dr, Rego Park, NY 11374
      View Details
    • $2,000 /Mo
      700 SF

      Rego Park Office Space Available

      Commercial lease opportunity in a prewar building on Queens Boulevard.
      98-120 Queens Blvd, Rego Park, NY 11374
      View Details
    • $3,900 /Mo

      Retail/Office Space Prime Location

      Approximately 900 SF retail/office space for lease.
      9250 Queens Blvd, Queens, NY 11374
      View Details
    • $39 SF/Yr
      488 SF

      Retail and Office Space Available

      Second floor retail and office space available for rent.
      9512-9524 63Rd Rd, Rego Park, NY 11374
      View Details
    • $3,300 /Mo

      Office Space for Lease

      Approximately 810 SF office space available for lease.
      9238 Queens Blvd, Queens, NY 11374
      View Details
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    92-29 Queens Blvd
    Queens, NY 11374
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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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