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    91-15 139 St Queens, NY 11435
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    Property profile & analytics

    91-15 139 St Queens, NY 11435

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    • Warehouses
    • 12,500 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 91-15 139 St

    Property size
    12,500 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 12,500-square-foot industrial warehouse, located at 91-15 139th Street in Jamaica, Queens County, NY 11435, presents a significant opportunity for businesses seeking a versatile and strategically located space. The single-story building boasts a 20-foot ceiling height, ideal for various industrial uses. The property features one loading dock and one drive-in door, ensuring efficient loading and unloading operations. Heavy power is available, catering to businesses with significant energy demands. The building is fireproof and includes approximately 10% office space. Heating is provided by a gas system. Parking is available via street parking. The lot size is 10,000 square feet, with 100 feet of frontage. The property is zoned M1-1 and enjoys convenient access to the Van Wyck Expressway, providing quick and easy access to John F. Kennedy International Airport. Its proximity to the subway offers employees convenient public transportation options. The entire 12,500 square feet is currently vacant and ready for immediate occupancy. This property is perfect for distribution, manufacturing, or warehouse operations. The cross street is 91st Avenue.

    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
    -73.8114
    Latitude
    40.6999

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

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      2,000 SF

      9528 150th St

      WAREHOUSE, STORAGE • 2,000 SF
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      10524 150th St

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    • Value Estimation
      $675,000
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      14526 Liberty Ave

      WAREHOUSE, STORAGE • 6,120 SF
      14526 Liberty Ave, Jamaica, NY 11435-4817
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    • Value Estimation
      $1,330,000
      17,500 SF

      14812 95th Ave

      WAREHOUSE, STORAGE • 17,500 SF
      14812 95th Ave, Jamaica, NY 11435
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    • Value Estimation
      $1,375,000
      18,000 SF

      10437 150th St

      WAREHOUSE, STORAGE • 18,000 SF
      10437 150th St, Jamaica, NY 11435-4923
      View Details

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    Similar Nearby for Lease

    • $23 SF/Yr

      Corner Warehouse & Showroom Space

      Warehouse and showroom space with loading docks and heavy power.
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      Downtown Jamaica Prime Office Space

      864 sq ft office space in a vibrant location.
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    • Contact for pricing
      6,081 SF

      Retail Spaces Available For Lease

      Retail spaces with food and beverage venting available for lease.
      8836 139Th St, Jamaica, NY 11435
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      Prime Jamaica Location Near Courts

      Located across from NYS Supreme Court and NYC Civil Courthouse.
      8900 Sutphin Blvd, Jamaica, NY 11435
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    • $3,000 /Mo

      Commercial Space on Queens Boulevard

      Adaptable commercial space suitable for various business types.
      13927 Queens Blvd, Queens, NY 11435
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    91-15 139 St
    Queens, NY 11435
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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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