Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Property in Jackson Heights Title is generated by Realmo AI

    38-39 Junction Blvd, Jackson Heights, NY 11368

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    4,000 SF retail space on Junction Boulevard.

    Type:Retail
    Property size:
    4,000 SF
    Added:
    Feb 4, 2023
    Days on Market:
    1214
    Last Refresh:
    May 19 at 8:32 pm

    Property Features for 38-39 Junction Blvd

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Robert Klein

    Listing agent Robert Klein License #NY 30KL0628210

    Listing office Kalmon Dolgin Affilliates, Inc.

    Listing date Feb 4, 2023

    Source Crexi

    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 Kalmon Dolgin Affilliates, Inc.

    HighLights

    • 4,000 SF ground floor retail property in Jackson Heights, Queens.
    • Located on Junction Boulevard's Busiest Retail Hub.
    • Boasts 35’ of frontage on Junction Boulevard and 115’ in depth.
    • Divided into two units.
    • Zoned R6 / C2‑2.
    • Short walk to the #7 subway entrance.

    Overview

    This 4,000 SF ground floor retail property is divided into two units. It features 35 feet of frontage on Junction Boulevard and a depth of 115 feet. Located in the heart of Jackson Heights, Queens, the property is situated on Junction Boulevard’s busiest retail hub. The #7 subway entrance is a short walk away. Zoned R6 / C2-2, the property is currently occupied by two tenants, Sleepy and Lola Women’s Apparel. This site is ideal for an investor.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Heights
    County
    Queens
    State
    New York
    Longitude
    -73.874573
    Latitude
    40.757566

    Nearby Similar for Sale

    • $3,999,999
      2,000 SF

      Commercial Building in Jackson Heights

      High-visibility commercial building with strong income potential in Queens.
      3753 82 street, jackson heights, NY 11372
      View Details
    • $1,850,000
      2,818 SF

      Jackson Heights Commercial Building For Sale

      Three commercial units suitable for retail, medical, offices, community space.
      8822 Roosevelt Avenue, Jackson Heights, NY 11372
      View Details
    • $389,000
      1,200 SF

      Medical Office in Jackson Heights

      1200 Sq Ft medical office space for sale.
      35-24 78th Street, Jackson Heights, NY 11372
      View Details
    • $1,349,000
      1,500 SF

      Jackson Heights Multi-Family Residence

      Well-maintained multi-family property in prime Queens location.
      71-09 34th Avenue, Jackson Heights, NY 11372
      View Details
    • $1,850,000
      2,818 SF

      Retail, Medical, Office, Community Facility

      88-22 Roosevelt Ave, Jackson Heights, NY 11372
      View Details
    • $1,399,000
      680 SF

      Jackson Heights Legal Three-Family Home

      Semi-detached, all-brick, three-family home in prime Jackson Heights location.
      3528 93rd Street, Jackson Heights, NY 11372
      View Details
    • $275,000

      Professional Office Space in Queens

      Turnkey medical/professional space in desirable Jackson Heights location.
      37-30 73rd Street, Jackson Heights, NY 11372
      View Details
    • $3,600,000
      5,360 SF

      Jackson Heights Multifamily Investment Opportunity

      Two semi-attached 3-family buildings with parking and outdoor space.
      9025A & 9027 Elmhurst Avenue, Jackson Heights, NY 11372
      View Details
    • $3,600,000
      5,360 SF

      Two Multifamily Buildings Package Deal

      Two semi-attached 3-family buildings with parking in Jackson Heights.
      90-25A & 90-27 Elmhurst Avenue, Jackson Heights, NY 11372
      View Details
    • $1,750,000

      Jackson Heights Two-Family Home

      Two-family home with extra lot in prime location.
      70-03 37th Avenue, Jackson Heights, NY 11372
      View Details
    • $2,100,000

      Jackson Heights Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in prime location.
      82-17 northern blvd, Jackson Heights, NY 11372
      View Details
    • $1,298,000

      Jackson Heights Six-Family Investment Property

      Six-family property in Jackson Heights with strong income and transportation access.
      72-16 34th Avenue, Jackson Heights, NY 11372
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,000 SF retail space on Junction Boulevard.
    Where is this retail space located?
    The property is located at 38-39 Junction Blvd Jackson Heights, NY.
    What are key features of this property?
    This property features: 4,000 SF ground floor retail property in Jackson Heights, Queens.; Located on Junction Boulevard's Busiest Retail Hub.; Boasts 35’ of frontage on Junction Boulevard and 115’ in depth.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Klein
    Real Estate License ID: NY 30KL0628210
    Learn More
    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.
    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

    Thank You for Inquiry
    38-39 Junction Blvd, Jackson Heights, NY 11368
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!