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    Roosevelt Ave Queens, NY 11368
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    Roosevelt Ave, Queens, NY 11368

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    • Retail properties & Spaces
    • 75,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Roosevelt Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Queens County investment opportunity presents a prime retail and restaurant portfolio situated on Roosevelt Avenue, zip code 11368. The property comprises two buildings totaling 75,000 square feet, offering a diverse range of spaces ideal for various commercial ventures. With a total of 323 parking spaces, ample customer and employee parking is readily available. Currently, there are 14 available spaces ranging from a minimum of 2,026 square feet to a maximum contiguous space of 16,441 square feet, totaling 82,290 square feet of vacant space. The property's versatile layout caters to a variety of business needs, from smaller boutique shops to larger-scale restaurants or commercial enterprises. Its strategic location on Roosevelt Avenue in Queens, New York, ensures high visibility and accessibility, benefiting from significant foot traffic and convenient transportation links. The property is classified as both retail and restaurant space, and also includes hotel and commercial subtypes, making it a highly adaptable and attractive investment. The multiple tenancy structure allows for flexibility and diverse income streams. This is a rare opportunity to acquire a substantial retail portfolio in a thriving Queens County location. Serious inquiries are encouraged.

    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
    -73.8623
    Latitude
    40.7496

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      35-38 Jct Blvd

      Restaurants
      35-38 Jct Blvd, Queens, NY 11368
      View Details
    • Value Estimation by Request
      4,000 SF

      35-38 Junction Blvd

      Restaurants
      35-38 Junction Blvd, Jackson Heights, NY 11368
      View Details
    • Value Estimation by Request
      1,900 SF

      112-45 Roosevelt Ave

      Restaurants
      112-45 Roosevelt Ave, Queens, NY 11368
      View Details
    • Value Estimation by Request
      2,300 SF

      100-08 Northern Blvd

      Restaurants
      100-08 Northern Blvd, Queens, NY 11368
      View Details
    • Value Estimation by Request
      118,300 SF

      3710 114th St

      HOTEL
      3710 114th St, Flushing, NY 11368-1443
      View Details
    • Value Estimation
      $740,000
      45,705 SF

      11215 Northern Blvd, Unit HTL

      HOTEL
      11215 Northern Blvd, Flushing, NY 11368-1370
      View Details

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      Flushing Retail Space for Lease

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      Queens Commercial Space For Lease

      Commercial space available for lease in Queens, New York.
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      24,142 SF

      Retail Building Available For Rent

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      Retail Space for Lease

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      Great 1401 Northern Boulevard street intersection, 20 feet of frontage, sign visibility, foot and 26k+ car traffic daily!

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    Queens, NY 11368
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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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