Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    113-19 Jamaica Ave Queens, NY 11418
    Property profile & analytics

    113-19 Jamaica Ave, Queens, NY 11418

    View on Map
    • Specialty properties
    • 2,825 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 113-19 Jamaica Ave

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 2,825-square-foot commercial property at 113-19 Jamaica Avenue in Richmond Hill, Queens, NY 11418, presents a unique investment opportunity. The space is categorized as Retail, Office, and Special Purpose, offering flexibility for various business types. Currently configured as a single-tenant space, it features a fully updated interior including a sprinkler system. The main floor boasts a spacious open floor plan, ideal for adaptable layouts, complemented by a break room and two bathrooms. A significant advantage is the open basement area, strategically located on Jamaica Avenue with high foot traffic and convenient proximity to subway lines, ensuring excellent visibility and accessibility. The property's versatility makes it suitable for executive offices, medical offices, creative offices, or traditional office setups. With its prime location and modern amenities, this property offers a compelling opportunity for businesses seeking a well-maintained and conveniently located space in a thriving Queens neighborhood. The total building size is 2,825 square feet. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Suffolk
    State
    New York
    Longitude
    -73.8351
    Latitude
    40.6982

    Comparable in this City

    • Value Estimation by Request

      123-19 Jamaica Ave

      Office Units
      123-19 Jamaica Ave, Queens, NY 11418
      View Details
    • Value Estimation by Request
      40,000 SF

      116-12 Myrtle Ave

      Office Units
      116-12 Myrtle Ave, Queens, NY 11418
      View Details
    • Value Estimation by Request
      2,183 SF

      106-08 Jamaica Ave

      Restaurants
      106-08 Jamaica Ave, Queens, NY 11418
      View Details
    • Value Estimation
      $510,000
      19,176 SF

      13015 89th Rd

      MEDICAL CLINIC
      13015 89th Rd, Jamaica, NY 11418-3302
      View Details
    • Value Estimation by Request
      1,672 SF

      8938 134th St

      DENTAL BUILDING
      8938 134th St, Jamaica, NY 11418-2819
      View Details
    • Value Estimation by Request
      4,282 SF

      8725 118th St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      8725 118th St, Jamaica, NY 11418-2528
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Richmond Hill Area Commercial Property

      Commercial property in Richmond Hill section of Queens for sale.
      130-11 Atlantic Ave, Richmond Hill, NY 11418
      View Details
    • Contact for pricing
      15,398 SF

      Richmond Hill Property For Sale

      Commercial property in Richmond Hill with transportation access.
      87-71 130Th St, Richmond Hill, NY 11418
      View Details
    • $1,649,000
      0.06 Acres

      Richmond Hill Warehouse with Office

      Warehouse with office space in Richmond Hill, Queens.
      9011 130Th St, Richmond Hill, NY 11418
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • 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
    • $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
    • Contact for pricing

      Church

      Church space available
      10216 89Th Ave, Jamaica, NY 11418
      View Details
    • Contact for pricing
      1,639 SF

      Retail/Medical Space Near Jamaica Hospital

      Retail or medical space in new construction near train.
      132-77 Metropolitan Ave, Richmond Hill, NY 11418
      View Details
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    113-19 Jamaica Ave
    Queens, NY 11418
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    113-19 Jamaica Ave, Queens, NY, 11418
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!