Medical Office with Multiple Exam
For Sale
$759,000
99-45 67th Road #103, Rego Park, NY 11374
Professional healthcare suite with flexible entry points, updated windows, central air, and dedicated support areas.
Property Size1,400 SF
Days on Market255
Property Features for 99-45 67th Road #103
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$1,655
Building Details
Building Size
1,400 SF
Listing Agency:
DNLS Real Estate Mgmt LLC
(917) 669-7788
Listed By:
Melekhem Fuzaylov
(917) 669-7788
Source:
Professionalchoicerealty
Added: Dec 19, 2025
Changed: Aug 28
Last Checked: Aug 28 at 11:31AM
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 DNLS Real Estate Mgmt LLC
Investment Insights
Based on property information with market context.
This medical office suite at 99-45 67th Road #103 includes a reception area, multiple exam rooms, conference rooms, a full kitchen area, dedicated storage, and two bathrooms. Recent improvements include brand-new windows, central air conditioning, and a central alarm system. Access is available from the building’s side, basement, and main lobby, supporting flexible arrival and circulation options.
The property is located in Rego Park, one block from a subway station and local and express bus service. Major highways are also readily accessible. The monthly maintenance charge includes heat, water, and property taxes.
The property is located in Rego Park, one block from a subway station and local and express bus service. Major highways are also readily accessible. The monthly maintenance charge includes heat, water, and property taxes.
Key Highlights
- Multiple exam rooms and conference rooms
- Reception area, kitchen, dedicated storage, and 2 bathrooms
- Brand‑new windows with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$921,860
$921.9K
Cap Rate 7%
$658,471
$658.5K
Cap Rate 9%
$512,144
$512.1K
Market Conditions
NOI Build-Up for 1,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.6K $50.40/SF
− Vacancy
−$9.1K −$6.50/SF
EGI
$61.5K $43.90/SF
− OpEx
−$15.4K −$10.97/SF
NOI
$46.1K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$921,860
Cap Rate 7%
$658,471
Cap Rate 9%
$512,144
Alternative Uses
Best Use
Office B
$658.5K
$576.2K – $768.2K
NOI $46,093 @ 7.0% cap · market cap 6.07%
Second Best
Healthcare Medical
$461.2K
$403.5K – $538.0K
NOI $32,281 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.03M
$903.1K – $1.20M
NOI $72,247 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,504
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional healthcare suite with flexible entry points, updated windows, central air, and dedicated support areas.
Where is this medical office space located?
The property is located at 99-45 67th Road #103 Rego Park, NY.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Multiple exam rooms and conference rooms; Reception area, kitchen, dedicated storage, and 2 bathrooms; Brand‑new windows with central air conditioning
