Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    103- 39Th Ave Queens, NY 11368

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 103- 39Th Ave

    Property type
    Retail properties

    Description

    This exceptional 700-square-foot retail space is available for lease in a prime Corona, Queens location. Situated at 103-13 39th Avenue, near the bustling Roosevelt Avenue, this Class A property boasts a highly visible storefront with large windows, ensuring maximum exposure to potential customers. The single-tenant space features an open layout ideal for various retail concepts, complemented by high ceilings that create a spacious and inviting atmosphere. Practical amenities include a private restroom, a sprinkler system for safety, and a secure rolling gate for added peace of mind. The property is zoned C1 and is located in Queens County, New York, zip code 11368. Taxes are $0 per square foot. This ground-floor retail space offers a long-term lease opportunity in a vibrant and densely populated area, making it an excellent investment for businesses seeking high visibility and foot traffic. The property's convenient location, just one block from Roosevelt Avenue, guarantees significant exposure to a diverse customer base. The open floor plan provides flexibility for customization to suit specific business needs. This is a rare opportunity to secure a well-appointed retail space in a thriving commercial district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8626
    Latitude
    40.7509

    Comparable in this City

    • Value Estimation by Request
      75,000 SF

      Roosevelt Ave

      Restaurants • 75,000 SF
      0 Roosevelt Ave, Queens, NY 11368
      View Details
    • Value Estimation by Request
      2,300 SF

      100-08 Northern Blvd

      Restaurants • 2,300 SF
      100-08 Northern Blvd, Queens, NY 11368
      View Details
    • Value Estimation by Request

      106-15 Northern Blvd

      Individual retail properties
      106-15 Northern Blvd, Queens, NY 11368
      View Details
    • Value Estimation by Request
      4,000 SF

      35-38 Jct Blvd

      Restaurants • 4,000 SF
      35-38 Jct Blvd, Queens, NY 11368
      View Details
    • Value Estimation by Request
      7,500 SF

      106-02 Northern Blvd

      Retail properties • 7,500 SF
      106-02 Northern Blvd, Queens, NY 11368
      View Details
    • Value Estimation by Request
      3,400 SF

      106-11 Northern Blvd

      Retail properties • 3,400 SF
      106-11 Northern Blvd, Queens, NY 11368
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Jackson Heights Retail Investment

      Prime Jackson Heights storefront, 4,000 sq ft.
      38-39 Junction Blvd, Jackson Heights, NY 11368
      View Details
    • $2,100,000
      3,528 SF

      Mixed-Use Building in Corona, NY

      Mixed-use building with laundromat and apartments in Corona, NY.
      41-04 102Nd St, Corona, NY 11368
      View Details
    • New
      $3,500,000
      5,540 SF

      Mixed-Use Building in Queens

      Fully leased mixed-use building with income-generating tire shop.
      106-15 Northern Blvd, Queens, NY 11368
      View Details
    • $1,550,000
      3,230 SF

      Mixed-Use Investment in Corona, NY

      Mixed-use building with commercial storefront and apartments in Corona, NY.
      102-08 37Th Ave, Corona, NY 11368
      View Details
    • $3,999,000

      Northern Blvd Mixed-Use Investment

      Prime Queens location, high occupancy.
      106-15 Northern Blvd, Queens, NY 11368
      View Details
    • $1,380,000
      1,515 SF

      Retail Opportunity in Corona, NY

      Retail space for sale in a busy Corona location.
      102-03 44Th Ave, Corona, NY 11368
      View Details

    Similar Nearby for Lease

    • $75 SF/Yr
      4,000 SF

      Junction Blvd Retail Space

      4,000 SF Retail Space - Jackson Heights
      38-39 Jct Blvd, New York, NY 11368
      View Details
    • New
      $45 SF/Yr

      Great 1401 Northern Boulevard street intersection, 20 feet of frontage, sign visibility, foot and 26k+ car traffic daily!

      Reputable Pharmacy Retail Corner Store Lease Takeover
      140-01 Northern Boulevard, Corona, NY 11368
      View Details
    • Contact for pricing
      75,000 SF

      Roosevelt Avenue Retail Portfolio

      Queens Retail Space: Multiple Units Available
      0 Roosevelt Ave, Queens, NY 11368
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Urban Corridor

      Retail space with high pedestrian traffic near the #7 train.
      3713-3715 Junction Blvd, Corona, NY 11368
      View Details
    • $4,200 /Mo

      Retail Store for Rent

      Store for rent suitable for various businesses.
      95-15 Northern Blvd, Queens, NY 11368
      View Details
    • $14,000 /Mo
      2,335 SF

      Corona Storefront For Rent

      Storefront for rent in Corona, approximately 2500 square feet.
      3775 103Rd St, Corona, NY 11368
      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.
    103- 39Th Ave
    Queens, NY 11368
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.