97-08 Springfield Blvd Queens, NY 11429
This exceptional Queens Village, NY commercial property, located at 97-08 Springfield Blvd, 11429, offers 21,946 square feet of versatile space ideal for traditional office or medical office use. The building, constructed in 1931 and renovated in 2018, features two suites totaling 21,946 square feet, with 17,000 square feet currently vacant. Spaces are divisible to a minimum of 7,000 square feet and up to a maximum contiguous 10,000 square feet. The property boasts 16 parking spaces and prominent pylon signage ensuring high visibility. Its strategic location near the Queens Village Long Island Railroad station (Hempstead and Port Jefferson Branches) and numerous bus lines (Q27, Q83, Q1, Q36, Q88, and n24) provides excellent accessibility. The surrounding area features a vibrant mix of businesses including Dunkin', Popeyes, Citibank, Capital One Bank, Rite Aid, C-Town Supermarket, Chase Bank, and T-Mobile, creating a thriving commercial environment. This property presents a unique opportunity for businesses seeking a high-profile location with excellent transportation links and ample parking in a bustling Queens Village neighborhood. The lot size is 21,946 square feet.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.