Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    61-12 32Nd Ave Woodside, NY 11377

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    61-12 32Nd Ave Woodside, NY 11377

    View on Map
    • Industrial properties
    • 10,925 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 61-12 32Nd Ave

    Year built
    1958
    Property size
    10,925 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This 10,925-square-foot flex space in Woodside, Queens, presents a unique opportunity for commercial or industrial businesses. Located at 61-12 32nd Avenue, this single-story, 1958-built building sits on a 12,500-square-foot lot and features a 14-foot ceiling height, perfect for various configurations. The property includes one loading dock with one dock-high door, and three total parking spaces. The M1-1 zoning allows for a range of commercial and industrial uses, subject to specific regulations. Currently, the space offers a blend of warehouse and office areas, with existing heating, AC units in the office, a sprinkler system, and a boiler. The warehouse area boasts a gas heater, ample storage, and a loading bay suitable for box trucks. Conveniently located 0.5 miles from the E, M, and R subway lines and the Woodside LIRR, and one block from the Brooklyn Queens Expressway, this property also enjoys proximity to the Grand Central Parkway. The surrounding Woodside neighborhood offers a mix of residential, commercial, and retail establishments, including schools, houses of worship, and grocery stores. Furthermore, the property is approximately a 5-minute drive from LaGuardia Airport and an 18-minute drive from John F. Kennedy International Airport. This versatile space is ready for immediate occupancy or customization to suit specific business needs, making it an attractive investment opportunity. The property includes two curb cuts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodside
    County
    Queens
    State
    New York
    Longitude
    -73.9009
    Latitude
    40.7561

    Comparable in this City

    • Value Estimation by Request
      10,925 SF

      61-12 32 Ave

      Distribution properties • 10,925 SF
      61-12 32 Ave, Queens, NY 11377
      View Details
    • Value Estimation by Request
      30,000 SF

      24-30 Brooklyn Queens Expy

      Distribution properties • 30,000 SF
      24-30 Brooklyn Queens Expy, Queens, NY 11377
      View Details
    • Value Estimation by Request
      5,000 SF

      37-31 58 St

      Flex space • 5,000 SF
      37-31 58 St, Queens, NY 11377
      View Details
    • Value Estimation by Request
      5,000 SF

      37-31 58 St

      Flex space • 5,000 SF
      37-31 58 St, Queens, NY 11377
      View Details
    • Value Estimation by Request
      11,470 SF

      3703 Woodside Ave

      Distribution properties • 11,470 SF
      3703 Woodside Ave, Queens, NY 11377
      View Details
    • Value Estimation
      $3,150,000
      58,136 SF

      2544 Borough Pl

      INDUSTRIAL (GENERAL) • 58,136 SF
      2544 Borough Pl, Flushing, NY 11377-7815
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,427 SF

      Prime Development Opportunity in Queens

      Transit-oriented development site in Woodside, Queens with retail and industrial space.
      62-04 Roosevelt Ave, Flushing, NY 11377
      View Details
    • Contact for pricing
      4,000 SF

      Industrial Property with Income Potential

      Corner location industrial property with income and gated parking.
      58-18 37Th Ave, Woodside, NY 11377
      View Details
    • Contact for pricing
      3,000 SF

      Woodside Warehouse with Office Space

      2,900 SF warehouse with 676 SF office space for sale.
      37-33 57Th St, Woodside, NY 11377
      View Details
    • Contact for pricing
      10,700 SF

      Woodside Warehouse with Passenger Elevator

      10,700 SF warehouse with passenger elevator and HVAC.
      3439 56Th St, Woodside, NY 11377
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      500 SF

      Woodside Flex Space Available

      Flex space featuring gas heat and clear span design.
      37-17 55Th St, Woodside, NY 11377
      View Details
    • Contact for pricing
      8,000 SF

      Glendale Warehouse Space Available

      8,000 SF warehouse space with two street frontages.
      72-24 61St St, Glendale, NY 11377
      View Details
    • Contact for pricing
      13,700 SF

      Industrial Space with Excellent Loading

      Industrial space featuring two street frontages and excellent loading.
      57-11 37Th Ave, Woodside, NY 11377
      View Details
    • Contact for pricing
      3,800 SF

      Woodside Warehouse Space For Rent

      3,800 SF warehouse space available for rent in Woodside.
      26-50 Borough Pl, Woodside, NY 11377
      View Details
    • $26 SF/Yr

      Mixed-Use Commercial Space in Queens

      Mixed-use property with office, warehouse, loading dock, and parking.
      5858 Laurel Hill Blvd, Queens, NY 11377
      View Details
    • Contact for pricing
      2,500 SF

      Woodside Warehouse with Drive-In Door

      2,500 SF warehouse space featuring a drive-in door.
      57-12 37Th Ave, Woodside, NY 11377
      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.
    61-12 32Nd Ave
    Woodside, NY 11377
    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

    61-12 32Nd Ave, Woodside, NY, 11377

    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!