Street-Level Medical Office
For Sale
$899,000
Pending
L2-13710 Franklin Ave, Flushing, NY 11355
A private entrance opens directly to the street, with a layout currently arranged for medical practice.
Property Size973 SF
Days on Market269
Property Features for L2-13710 Franklin Ave
General Information
Standard status
Pending
Size
973 SF
Additional Details
Floor
Street Level
HOA Fee
$520
Taxes and HOA fees
Annual Taxes
$9,813
Listing Agency:
CPRE Elite Inc
(917) 920-0022
Listed By:
Wen Chyi Wu
(347) 988-9939
Source:
Exprealty
Added: Jan 21
Changed: Oct 16
Last Checked: Oct 16 at 2:13PM
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 CPRE Elite Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 973-square-foot medical office suite has its own street-level entrance and is currently arranged for medical use. The interior includes a reception area, exam and treatment rooms, office space, storage, and bathrooms.
The property is on a corner just steps from Main St. Utilities are included except electricity. The existing configuration supports medical office use; any proposed use should be verified by the buyer.
The property is on a corner just steps from Main St. Utilities are included except electricity. The existing configuration supports medical office use; any proposed use should be verified by the buyer.
Key Highlights
- 973 SF medical office suite
- Private street‑level entrance
- Corner location steps from Main St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,035
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,700
$640.7K
Cap Rate 7%
$457,643
$457.6K
Cap Rate 9%
$355,944
$355.9K
Market Conditions
NOI Build-Up for 973 SF
Gross rent
$49.0K $50.40/SF
− Vacancy
−$6.3K −$6.50/SF
EGI
$42.7K $43.90/SF
− OpEx
−$10.7K −$10.97/SF
NOI
$32.0K $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 Rate 5%
$640,700
Cap Rate 7%
$457,643
Cap Rate 9%
$355,944
Alternative Uses
Best Use
Office B
$457.6K
$400.4K – $533.9K
NOI $32,035 @ 7.0% cap · market cap 3.56%
Second Best
Healthcare Medical
$320.5K
$280.4K – $373.9K
NOI $22,435 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$717.3K
$627.6K – $836.9K
NOI $50,211 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,966
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Flushing Veterinary Hospital — 4024 Murray St, Flushing, NY 11354
Frequently Asked Questions
What type of property is this?
Medical Office Space - A private entrance opens directly to the street, with a layout currently arranged for medical practice.
Where is this medical office space located?
The property is located at L2-13710 Franklin Ave Flushing, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 973 SF medical office suite; Private street‑level entrance; Corner location steps from Main St
