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    125-15 111Th Ave South Ozone Park, NY 11420
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    125-15 111Th Ave South Ozone Park, NY 11420

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    • Mixed-use properties
    • 2,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 125-15 111Th Ave

    Property size
    2,000 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property at 125-15 111th Avenue, South Ozone Park, NY 11420, is offered at $918,000. The 2,000 square foot building (20x62) presents a compelling investment opportunity. The ground floor encompasses a sizable commercial space, featuring a large open area, a private office, and a bathroom. A full, unfinished basement and backyard provide ample storage or expansion potential. Upstairs, two 2-bedroom residential apartments offer significant rental income potential, though renovations are needed. These apartments present a chance for customization and increased value. Annual property taxes are only $7,156. Conveniently located near the A train, Rockaway Boulevard's shops and businesses, and major roadways like the Van Wyck Expressway and Belt Parkway, this property enjoys excellent accessibility. With strategic renovations, this property promises substantial returns in a vibrant, growing neighborhood. This is a rare opportunity to acquire a mixed-use asset with significant upside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Ozone Park
    County
    36081
    State
    New York
    Longitude
    -73.8125
    Latitude
    40.6764

    Comparable in this City

    • Value Estimation
      $500,000
      3,200 SF

      11518 Rockaway Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,200 SF
      11518 Rockaway Blvd, Jamaica, NY 11420-1914
      View Details
    • Value Estimation
      $735,000
      4,928 SF

      11620 116th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,928 SF
      11620 116th St, Jamaica, NY 11420
      View Details
    • Value Estimation
      $620,000
      2,520 SF

      11440 Rockaway Blvd

      STORES & APARTMENTS • 2,520 SF
      11440 Rockaway Blvd, Jamaica, NY 11420-1928
      View Details
    • Value Estimation
      $1,605,000
      8,428 SF

      12279 Rockaway Blvd

      STORE/OFFICE (MIXED USE) • 8,428 SF
      12279 Rockaway Blvd, Jamaica, NY 11420
      View Details
    • Value Estimation
      $825,000
      4,000 SF

      13501 Lefferts Blvd

      STORE/OFFICE (MIXED USE) • 4,000 SF
      13501 Lefferts Blvd, Jamaica, NY 11420-3601
      View Details
    • Value Estimation by Request
      2,352 SF

      12217 111th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,352 SF
      12217 111th Ave, Jamaica, NY 11420-1415
      View Details

    Similar Nearby for Sale

    • $1,369,000
      2,200 SF

      Mixed-Use Building in South Ozone

      Mixed-use property with commercial and residential income potential.
      11420 Rockaway Blvd, South Ozone Park, NY 11420
      View Details
    • $1,500,000

      Mixed-Use Commercial Building For Sale

      Mixed-use commercial property with apartment and commercial space.
      135-26 NE Rockaway Cor, Queens, NY 11420
      View Details
    • $1,700,000

      South Ozone Park Mixed-Use Building

      Mixed-use building in South Ozone Park with retail and apartments.
      115-20 Rockaway Blvd, South Ozone Park, NY 11420
      View Details
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    South Ozone Park, NY 11420
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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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