Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18-02 Petracca Pl College Point, NY 11356
    Back to Search
    Property profile & analytics

    18-02 Petracca Pl College Point, NY 11356

    View on Map
    • Warehouses
    • 100,650 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OneEasyPark / Parking Lot & Garage
    • MV-WAV / Freight Service / Logistics Company

    Property Details for 18-02 Petracca Pl

    Property size
    100,650 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional commercial property at 18-02 Petracca Place in College Point, Queens County, NY, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The property boasts a total of 100,650 square feet across two stories, with a substantial 90,500 square feet currently available for lease. The building is classified as Class B and features a generous ceiling height of 17 feet, providing ample vertical space. Multiple tenancy options are available, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 15,000 square feet. The property includes four total suites. For those needing robust logistics capabilities, the building offers extensive loading dock access with 53 loading docks, 5 dock-high doors, and 2 drive-in doors. The expansive 60,000 square foot lot provides ample outdoor space and parking opportunities. Located in the 11356 zip code, this property presents a compelling opportunity for businesses seeking a versatile and well-equipped space in a convenient location. The property type is classified as Office, Industrial, and Land, with subtypes including Traditional Office, Executive Office, Warehouse, and Commercial. This is a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    College Point
    County
    Queens
    State
    New York
    Longitude
    -73.8283
    Latitude
    40.7833

    Comparable in this City

    • Value Estimation by Request
      57,200 SF

      122-115 15 Ave

      Distribution properties • 57,200 SF
      122-115 15 Ave, Queens, NY 11356
      View Details
    • Value Estimation by Request
      24,000 SF

      15-32 127 St

      Distribution properties • 24,000 SF
      15-32 127 St, Queens, NY 11356
      View Details
    • Value Estimation by Request

      1834 127Th St

      Distribution properties
      1834 127Th St, College Point, NY 11356
      View Details
    • Value Estimation by Request
      4,557 SF

      14-53 118 St

      Multifamily properties • 4,557 SF
      14-53 118 St, Queens, NY 11356
      View Details
    • Value Estimation by Request

      20-04 119 St

      Land
      20-04 119 St, Queens, NY 11356
      View Details
    • Value Estimation by Request
      72,048 SF

      13121 14th Ave

      WAREHOUSE, STORAGE • 72,048 SF
      13121 14th Ave, Flushing, NY 11356-1909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Mixed-Use Building in College Point

      Two-story building suitable for warehouse, office, or retail use.
      12214 15Th Ave, College Point, NY 11356
      View Details
    • $2,500,000
      30,000 SF

      College Point Industrial Warehouse Building

      Industrial warehouse with office space in College Point, NY.
      14-24 118Th St, College Point, NY 11356
      View Details
    • $2,350,000
      Pending

      Versatile Warehouse with Office Suite

      Warehouse with office space in thriving College Point, Queens.
      1815 128Th St, College Point, NY 11356
      View Details
    • Contact for pricing
      6,000 SF

      6,000 SF Warehouse For Sale

      Warehouse building featuring office space and drive-in loading doors.
      12906 18Th Ave, College Point, NY 11356
      View Details
    • $5,000,000

      Three-Story Warehouse in College Point

      Three-story fireproof warehouse in College Point with excellent visibility.
      1407 113Th St, College Point, NY 11356
      View Details
    • $3,599,999
      5,500 SF

      College Point Warehouses For Sale

      Two warehouses in College Point, one vacant, one rented.
      110-19 15Th Ave, College Point, NY 11356
      View Details

    Similar Nearby for Lease

    • $7,466 /Mo

      College Point Commercial Space Available

      Office or warehouse space for lease in College Point.
      2230 119Th St, College Point, NY 11356
      View Details
    • $8,000 /Mo

      College Point Warehouse with Mezzanine

      Warehouse space with mezzanine, walk-in freezer, and drive-in gate.
      18-36 127Th St, College Point, NY 11356
      View Details
    • $12,000 /Mo

      Flushing Commercial Space For Rent

      Versatile commercial space in Flushing with dual access points.
      31-49 Higgins St, Flushing, NY 11356
      View Details
    • $14,500 /Mo
      3,001 SF

      College Point Warehouse/Storefront Opportunity

      Two warehouse/storefront units available for lease in College Point.
      2108 College Point Blvd, College Point, NY 11356
      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.
    18-02 Petracca Pl
    College Point, NY 11356
    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
    18-02 Petracca Pl, College Point, NY, 11356
    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!