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    125-10 Queens Blvd Queens, NY 10452

    Sponsored
    For Lease
    Contact for pricing

    Prime Queens location, 15,000 sqft, high visibility

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional commercial property, located at 125-10 Queens Boulevard between 82nd and 83rd Avenues, offers a substantial 15,000 square feet of ground floor space. Boasting 215 feet of frontage on Queens Boulevard and 52 feet on 82nd Road, this single-tenant property presents a significant opportunity. The property is zoned for office, restaurant, and land use, providing flexibility for a variety of commercial ventures. Its prime location offers unparalleled visibility and accessibility. The area is well-served by public transportation, with the E and F subway lines, the LIRR, and numerous bus routes (60, 63x, 64x, 68x, 37, 10, 74, 46) all within two blocks. Convenient access to major roadways, including Queens Boulevard, Union Turnpike, Van Wyck Expressway, and Grand Central Parkway, ensures easy commuting for employees and customers. The property benefits from a strong neighborhood presence, situated across the street from the Queens Courthouse and surrounded by established businesses such as Bank of America, Capital One Bank, and various restaurants and retail establishments. Rental terms are available upon request, and possession is to be arranged. This is a rare opportunity to acquire a substantial commercial property in a high-traffic, high-visibility location within Queens County.

    Property Features for 125-10 Queens Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF

    Unit(s) available at that property

    Space
    Size
    15,000 SF

    We can help!

    Listing Contact
    Dvir Atias
    Dvir Atias

    Learn more

    HighLights

    • 125‑10 Queens Blvd, Queens County, NY: Entire retail block for sale.
    • 15,000 square foot single‑tenant commercial space.
    • Prominent 215‑foot Queens Boulevard frontage and 52‑foot frontage on 82nd Road.
    • Rental rate available upon request.
    • Possession date to be determined.
    • Excellent location near public transportation (E, F trains; LIRR; multiple bus lines), major roadways (Queens Blvd, Union Turnpike, Van Wyck Expressway, Grand Central Parkway), and high‑traffic retail neighbors including Bank of America, Queens County Criminal Courts, and other local businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cohen's Law Firm ... Law Firm All Occasions Party ... Party Store Scarpa Law Attorney Velocity Commercial Funding ... Mortgage Broker Alexandre Foundation Association Or Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.826361
    Latitude
    40.7119297

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    FAQs

    What type of property is this?
    Restaurant - Prime Queens location, 15,000 sqft, high visibility
    Where is this restaurant located?
    The property is located at 125-10 Queens Blvd Queens, NY.
    What are key features of this property?
    This property features: 125-10 Queens Blvd, Queens County, NY: Entire retail block for sale.; 15,000 square foot single-tenant commercial space.; Prominent 215-foot Queens Boulevard frontage and 52-foot frontage on 82nd Road.
    Request Owner's contact information
    125-10 Queens Blvd Queens, NY 10452
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    Queens, NY 10452
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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
    125-10 Queens Blvd Queens, NY 10452
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    We can help!
    Listing Contact
    Dvir Atias
    Dvir Atias
    Real Estate License ID: 10301209724
    Learn more
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