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    55-60 Myrtle Ave Queens, NY 11385

    • Lifestyle centers
    • 26,000 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Rite Aid Pharmacy / Pharmacy
    • higi / Health Consultant

    Property Details for 55-60 Myrtle Ave

    Property size
    26,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity in Queens County, New York, presents 26,000 square feet of commercial space at 55-60 Myrtle Ave, zip code 11385. The property is categorized as a shopping center with multiple suites available for lease. Four individual suites are available, offering flexible space options ranging from a minimum of 3,215 square feet to a maximum contiguous space of 11,000 square feet. Currently, a significant portion of the building, totaling 28,430 square feet, is vacant, presenting a unique chance for a single tenant to occupy a substantial portion or multiple tenants to establish themselves in this vibrant location. The property's address is 55-60 Myrtle Ave, Queens, NY, and its convenient location within Queens County offers excellent visibility and accessibility. This is an ideal location for businesses seeking high-traffic exposure and a strong presence in a bustling commercial area. The property's size and layout provide ample opportunities for a variety of retail uses. Contact us today to explore the possibilities and secure your space in this prime Queens retail location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9063
    Latitude
    40.6999

    Comparable in this City

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      57-31 Myrtle Ave

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      74-68 Myrtle Ave

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      140,373 SF

      7511 Woodhaven Blvd

      DEPARTMENT STORE • 140,373 SF
      7511 Woodhaven Blvd, Ridgewood, NY 11385
      View Details

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    Queens, NY 11385
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    Realmo Value Estimation

    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.

    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.

    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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