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    163-05 91 St Queens, NY 11414
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    163-05 91 St Queens, NY 11414

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    • Specialty properties
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 163-05 91 St

    Property type
    Specialty properties
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    New York
    State
    New York
    Longitude
    -73.8399
    Latitude
    40.6522

    Comparable in this City

    • Value Estimation by Request
      87,436 SF

      78-15 Linden Blvd

      Coworking space • 87,436 SF
      78-15 Linden Blvd, Queens, NY 11414
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    • Value Estimation by Request
      5,478 SF

      15116 84th St

      FUNERAL HOME • 5,478 SF
      15116 84th St, Jamaica, NY 11414-1824
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    • Value Estimation by Request
      30,000 SF

      158-10 101St St

      Specialty properties • 30,000 SF
      158-10 101St St, Howard Beach, NY 11414
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    • Value Estimation
      $600,000
      3,151 SF

      16202 Crossbay Blvd

      FUNERAL HOME • 3,151 SF
      16202 Crossbay Blvd, Jamaica, NY 11414-3443
      View Details
    • Value Estimation by Request
      7,150 SF

      15602 Crossbay Blvd

      FUNERAL HOME • 7,150 SF
      15602 Crossbay Blvd, Jamaica, NY 11414-2745
      View Details
    • Value Estimation
      $730,000
      3,969 SF

      15633 Crossbay Blvd

      FUNERAL HOME • 3,969 SF
      15633 Crossbay Blvd, Jamaica, NY 11414-2746
      View Details

    Similar Nearby for Sale

    • $399,000
      0.51 Acres

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      Land available in Howard Beach, Queens County.
      Russell St, Howard Beach, NY 11414
      View Details
    • Contact for pricing

      Development Site in Howard Beach

      Land available for development with proposed plans in Howard Beach.
      157-29 Crossbay Blvd, Howard Beach, NY 11414
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    • $2,975,000
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      Howard Beach Development Site

      Over 1 acre development site in Howard Beach for sale.
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    • $130,000

      Waterfront Land on Canal

      Large, rare waterfront land available on canal.
      1-43 Broadway, Queens, NY 11414
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    • $74,000
      0.02 Acres

      Hamilton Beach Vacant Land

      Vacant land in a well-developed residential area.
      1157 1St St, Howard Beach, NY 11414
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    Similar Nearby for Lease

    • $2,700 /Mo

      Professional Office Space in Ozone

      Professional office space available for rent in Ozone Park.
      134-02 Crossbay Blvd, Ozone Park, NY 11414
      View Details
    • Contact for pricing
      6,469 SF

      Retail Space in Howard Beach

      Retail space available for lease in Howard Beach, NY.
      161-50 Crossbay Blvd, Howard Beach, NY 11414
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    • $3,000 /Mo
      6,098 SF

      Howard Beach Medical Office Space

      Professional medical office space in a convenient Howard Beach location.
      16305 91St St, Howard Beach, NY 11414
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    • $39 SF/Yr
      1,400 SF

      Retail Space with Free Parking

      Retail space available for rent with free parking and signage.
      157 Crossbay Blvd, Howard Beach, NY 11414
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    • Contact for pricing

      Retail Space in Shopping Center

      Retail spaces available within a busy shopping center.
      156-36 Crossbay Blvd, Queens, NY 11414
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    • Contact for pricing
      2,500 SF

      Howard Beach Office Space Available

      Office space with dedicated parking and easy highway access.
      159-21 Crossbay Blvd, Howard Beach, NY 11414
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    163-05 91 St
    Queens, NY 11414
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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.

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