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    113-10 Jamaica Ave Queens, NY 11418
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    113-10 Jamaica Ave, Queens, NY 11418

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    • Mixed-use properties
    • 2,422 SF
    Off-Market
    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 113-10 Jamaica Ave

    Year built
    1920
    Property type
    Mixed-use properties

    Description

    This exceptional investment opportunity presents a three-unit multi-family building situated at 113-10 Jamaica Avenue in Queens, NY 11418. The property, built in 1920, encompasses 2,422 square feet on a 2,422 square foot lot and features three units across three stories. The asking price is $1,580,000, translating to $652.35 per square foot. The building is zoned R6A/R4A, allowing for mixed-use development. The ground floor offers a spacious commercial space with high visibility and significant foot traffic potential, ideal for a variety of retail businesses. This presents a remarkable opportunity for investors seeking strong returns in a desirable Queens location. The property's prime location and versatile zoning make it an attractive investment for both seasoned investors and entrepreneurs. All information is deemed reliable but should be independently verified by the buyer. Offers must be submitted in writing, accompanied by proof of funds or a pre-approval letter.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8354
    Latitude
    40.698

    Comparable in this City

    • Value Estimation by Request
      2,065 SF

      114-02 Jamaica Ave

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      5,100 SF

      116-14 Myrtle Ave

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      116-14 Myrtle Ave, Queens, NY 11418
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      2,500 SF

      13017 92Nd Ave

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      13017 92Nd Ave, Richmond Hill, NY 11418
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    • Value Estimation
      $520,000
      4,000 SF

      10421 Jamaica Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      10421 Jamaica Ave, Jamaica, NY 11418-2012
      View Details
    • Value Estimation
      $515,000
      4,000 SF

      10415 Jamaica Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      10415 Jamaica Ave, Jamaica, NY 11418-2041
      View Details
    • Value Estimation
      $520,000
      4,000 SF

      10423 Jamaica Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      10423 Jamaica Ave, Jamaica, NY 11418-2012
      View Details

    Similar Nearby for Sale

    • $1,388,000
      Pending

      Richmond Hill Mixed-Use Building

      Renovated mixed-use building with retail and residential units.
      102-03 Jamaica Ave, Richmond Hill, NY 11418
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    • Contact for pricing
      7,616 SF

      Mixed-Use Building on Jamaica Avenue

      Multi-unit, fully occupied building near subway on Jamaica Avenue.
      10808 Jamaica Ave, Jamaica, NY 11418
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    • $1,649,000
      0.11 Acres

      Mixed-Use Building in Richmond Hill

      Versatile property with commercial space and residential income potential.
      116-14 Myrtle Ave, Richmond Hill, NY 11418
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    • $1,850,000

      Mixed-Use Investment in Richmond Hill

      Fully occupied mixed-use property in a high-traffic location.
      11402 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • $5,350,000
      0.17 Acres

      Richmond Hill Mixed-Use Investment

      Mixed-use building with retail, laundromat, and development potential.
      10438 Jamaica Ave, Richmond Hill, NY 11418
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      Mixed-Use Building on Jamaica Avenue

      Mix of retail, garage, and residential in thriving location.
      132-04 Jamaica Ave, Richmond Hill, NY 11418
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    Similar Nearby for Lease

    • $3,800 /Mo
      1,930 SF

      Retail Space in Richmond Hill

      Retail space suitable for restaurant, grocery store, or other retail.
      107-10 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • $4,500 /Mo
      1,603 SF

      Retail Space on Jamaica Avenue

      Prime storefront in Richmond Hill with high visibility.
      102-51 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • Contact for pricing

      10216 89Th Ave

      Church Space to Share beautiful location in queens
      10216 89Th Ave, Richmond Hill, NY 11418
      View Details
    • $4,500 /Mo

      Retail Space on Jamaica Avenue

      Retail space available on Jamaica Avenue in Richmond Hill.
      10415 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • Contact for pricing

      Office Space Above Auto Shop

      Office space for rent above an auto repair shop.
      123-05 101St Ave, Richmond Hill, NY 11418
      View Details
    • Contact for pricing

      Church

      Church space available
      10216 89Th Ave, Jamaica, NY 11418
      View Details
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    Queens, NY 11418
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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
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