Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10915 178 St Queens, NY 11433

    • Industrial properties
    • 51,324 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 10915 178 St

    Property size
    51,324 SF
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional 51,324-square-foot industrial manufacturing facility is situated on a 1.18-acre lot in Queens, New York, within the Long Island submarket. The property boasts a two-story building with a substantial 22-foot ceiling height, ideal for various manufacturing operations. The building is currently vacant and offers a single-tenant occupancy opportunity. Three loading docks and one drive-in door provide efficient access for loading and unloading. The property features heavy-amp power, catering to high-demand energy needs. Property taxes are $1.15 per square foot. An adjacent 100,000-square-foot parking lot and a separate 10,000-square-foot fleet storage building are available. The facility offers 2,418 pallet positions and includes floor drains. Furniture and pallet racking are available for purchase or lease. The property's prime location offers easy access to John F. Kennedy International Airport, approximately 15 minutes away. This is a rare opportunity to acquire a pristine distribution center with Class A office space in a highly desirable location. The property is located at 109-15 178th Street, Queens, NY 11433.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Suffolk
    State
    New York
    Longitude
    -73.7634
    Latitude
    40.6778

    Comparable in this City

    • Value Estimation by Request
      55,000 SF

      110-60 Dunkirk St

      Manufacturing properties • 55,000 SF
      110-60 Dunkirk St, Queens, NY 11433
      View Details
    • Value Estimation
      $655,000
      8,570 SF

      10502 Merrick Blvd

      MANUFACTURING (LIGHT) • 8,570 SF
      10502 Merrick Blvd, Jamaica, NY 11433
      View Details
    • Value Estimation
      $525,000
      8,250 SF

      10428 Merrick Blvd

      MANUFACTURING (LIGHT) • 8,250 SF
      10428 Merrick Blvd, Jamaica, NY 11433-1704
      View Details
    • Value Estimation by Request
      600 SF

      16927 Liberty Ave

      MANUFACTURING (LIGHT) • 600 SF
      16927 Liberty Ave, Jamaica, NY 11433-1245
      View Details
    • Value Estimation
      $810,000
      12,800 SF

      9420 158th St

      FACTORY (MANUFACTURING) • 12,800 SF
      9420 158th St, Jamaica, NY 11433
      View Details
    • Value Estimation by Request
      5,000 SF

      17030 Douglas Ave

      MANUFACTURING (LIGHT) • 5,000 SF
      17030 Douglas Ave, Jamaica, NY 11433-1221
      View Details

    Similar Nearby for Sale

    • $2,500,000
      8,000 SF

      Jamaica Manufacturing/Industrial Building For Sale

      8,000 SF Jamaica building with heavy power and divisibility.
      15003 94Th Ave, Jamaica, NY 11433
      View Details
    • $799,000
      Pending

      Well-Maintained Jamaica Duplex Near Transit

      Three-level, two-family home in Jamaica, Queens, near transportation.
      107-29 Union Hall St, Jamaica, NY 11433
      View Details
    • $699,000
      Pending

      Jamaica, NY Multi-Family Property

      Legal five-family property in Jamaica, NY, ideal for investors.
      106-36 Guy R Brewer Blvd, Jamaica, NY 11433
      View Details
    • $1,700,000

      Queens Commercial Property for Sale

      Commercial property available in Queens, New York.
      15518 Tuskegee Airmen Way, Queens, NY 11433
      View Details
    • $750,000

      Storefront with Four Units

      Storefront property featuring four units is available for sale.
      106-47 Guy R Brewer Blvd, Jamaica, NY 11433
      View Details
    • $824,990

      Jamaica Queens Two-Family Home

      Well-maintained two-family home in Jamaica, Queens, perfect for investors.
      110-39 156Th St, Jamaica, NY 11433
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,000 SF

      Jamaica Warehouse: 11,000 SF

      High-ceiling warehouse, ideal for diverse uses
      110-60 Dunkirk St, Queens, NY 11433
      View Details
    • $23 SF/Yr
      2,525 SF

      Jamaica Warehouse Space Available

      16,000 SF warehouse in South Jamaica for rent.
      144 156Th St, Jamaica, NY 11433
      View Details
    • Contact for pricing
      1,845 SF

      Jamaica Warehouse Space Available

      Two-story, 12,000 SF warehouse in Jamaica, Queens for rent.
      149 177Th St, Jamaica, NY 11433
      View Details
    • Contact for pricing
      23,600 SF

      Prime NYC Industrial Site

      Massive warehouse, office space, ample land.
      107-10 180Th St, Jamaica, NY 11433
      View Details
    • Contact for pricing
      23,600 SF

      Jamaica Warehouse & Fleet Maintenance

      23,600 SF warehouse on 200,000 SF lot near JFK.
      10710 180Th St, Jamaica, NY 11433
      View Details
    • $22 SF/Yr
      7,000 SF

      Jamaica Warehouse Space Available

      7,000 square foot warehouse space for rent in Jamaica.
      10727 180Th St, Jamaica, NY 11433
      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.
    10915 178 St
    Queens, NY 11433
    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

    Google sign-in failed. Please try again or use another login method.