Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    117-18 101St Ave Richmond hill, NY 11419
    Back to Search
    Property profile & analytics

    117-18 101St Ave, Richmond hill, NY 11419

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 117-18 101St Ave

    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 6,312 square foot property located at 117-18 101 Ave in Queens presents a unique long-term mixed-use development opportunity. The single-tenant building currently offers a flexible layout suitable for a variety of uses, including executive office, warehouse, flex space, and creative office configurations. Its versatile nature is further enhanced by its strategic zoning designation: R6B and C1-2. This allows for a diverse range of potential development projects, catering to the evolving needs of the vibrant and densely populated area. The property's substantial size provides ample space for expansion or redevelopment, making it an attractive investment for those seeking significant long-term growth potential. The location within a rapidly growing section of Queens ensures strong demand and future appreciation. This is a prime opportunity for investors and developers to capitalize on the area's dynamic market and create a thriving commercial space. Serious inquiries are encouraged to conduct their own due diligence and submit proposals. The property is offered as a single-tenant building, providing a streamlined ownership experience. The existing structure offers a solid foundation for future development or continued use in its current configuration. The property's zoning allows for a wide array of possibilities, making it an exceptionally versatile investment. This is a rare chance to acquire a significant property in a high-growth area of Queens.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond hill
    County
    queens
    State
    New York
    Longitude
    -73.8268
    Latitude
    40.6896

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      131-16 101 Ave

      Distribution properties
      131-16 101 Ave, Queens, NY 11419
      View Details
    • Value Estimation by Request

      124-19 Liberty Ave

      Office Units
      124-19 Liberty Ave, Queens, NY 11419
      View Details
    • Value Estimation by Request

      130-16 Liberty Ave

      Office Units
      130-16 Liberty Ave, Queens, NY 11419
      View Details
    • Value Estimation
      $935,000
      11,500 SF

      12719 101st Ave

      WAREHOUSE, STORAGE
      12719 101st Ave, Jamaica, NY 11419-1507
      View Details
    • Value Estimation
      $635,000
      5,384 SF

      13008 101st Ave

      WAREHOUSE, STORAGE
      13008 101st Ave, Jamaica, NY 11419-1520
      View Details
    • Value Estimation
      $845,000
      10,800 SF

      12106 101st Ave

      WAREHOUSE, STORAGE
      12106 101st Ave, Jamaica, NY 11419-1327
      View Details

    Similar Nearby for Sale

    • $1,890,000
      2,500 SF

      Queens Warehouse Redevelopment Opportunity

      Vacant warehouse, residential potential
      131-16 101 Ave, Queens, NY 11419
      View Details
    • $2,280,000
      2,400 SF

      Mixed-Use Building in Richmond Hill

      2,400 SF mixed-use building in a high-traffic retail corridor.
      120-15 Liberty Ave, Richmond Hill, NY 11419
      View Details
    • Contact for pricing
      24,045 SF

      Unique Assemblage in South Richmond

      Assemblage featuring 24,045 SF of building area and yard.
      13410 Atlantic Ave, South Richmond Hill, NY 11419
      View Details
    • $1,100,000

      Richmond Hill Mixed-Use Building

      Mixed-use building in Richmond Hill with restaurant and residential units.
      131-07 Liberty Ave, Richmond Hill, NY 11419
      View Details
    • $1,100,000

      Richmond Hill Mixed-Use Building

      Mixed-use building in Richmond Hill with restaurant and residential units.
      131-07 Liberty Ave, Richmond Hill, NY 11419
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail and office spaces available for rent in Richmond Hills.
      120-02 Liberty Ave, South Richmond Hill, NY 11419
      View Details
    • $2,500 /Mo
      3,537 SF

      Ozone Park Commercial Space

      Commercial space for rent in high-traffic Ozone Park location.
      11918 Liberty Ave, Ozone Park, NY 11419
      View Details
    • Contact for pricing

      Richmond Hill Office Space Available

      Professional office space in a high-visibility, accessible Queens location.
      120-81 Atlantic Ave, Richmond Hill, NY 11419
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available immediately, convenient location, furnished.
      124-19 101St Ave, South Richmond Hill, NY 11419
      View Details
    • $5,500 /Mo

      Commercial Space for Rent

      Commercial space available for rent in Queens County.
      12021 Liberty Ave, South Richmond Hill, NY 11419
      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.
    117-18 101St Ave
    Richmond hill, NY 11419
    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
    117-18 101St Ave, Richmond hill, NY, 11419
    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!