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    125-17 Jamaica Ave Richmond Hill, NY 11418

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    125-17 Jamaica Ave Richmond Hill, NY 11418

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    • Retail properties & Spaces
    • 2,680 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 125-17 Jamaica Ave

    Year built
    1931
    Property size
    2,680 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail space at 125-17 Jamaica Avenue in Richmond Hill, Queens County, New York, presents a fantastic opportunity for a discerning business owner. The property, built in 1931, is a two-story building encompassing a total of 2,680 square feet, situated on a 0.05-acre lot. Currently, 2,312 square feet are available for lease, offering ample space for a variety of retail ventures. The single-tenant occupancy ensures exclusive use of the space. The storefront location on Jamaica Avenue guarantees high visibility and significant foot traffic, making it an ideal spot for businesses seeking maximum exposure. The interior space of 1,340 square feet on the ground floor provides flexibility for diverse business needs and layouts. The property's location in the vibrant Richmond Hill neighborhood of Queens, with its zip code 11418, offers easy access to a diverse customer base. This is a rare opportunity to secure a well-positioned retail space in a thriving commercial area. The property's history and location combine to create a unique and attractive investment prospect. Don't miss this chance to establish your business in this prime location.

    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
    -73.8251
    Latitude
    40.7013

    Comparable in this City

    • Value Estimation by Request

      123-19 Jamaica Ave

      Office Units
      123-19 Jamaica Ave, Queens, NY 11418
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    • Value Estimation by Request
      2,825 SF

      113-19 Jamaica Ave

      Office Units • 2,825 SF
      113-19 Jamaica Ave, Queens, NY 11418
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    • Value Estimation by Request
      28,000 SF

      11709 Hillside Ave

      Flex space • 28,000 SF
      11709 Hillside Ave, Queens, NY 11418
      View Details
    • Value Estimation by Request
      2,183 SF

      106-08 Jamaica Ave

      Restaurants • 2,183 SF
      106-08 Jamaica Ave, Queens, NY 11418
      View Details
    • Value Estimation by Request
      6,500 SF

      114-20 Jamaica Ave

      Individual retail properties • 6,500 SF
      114-20 Jamaica Ave, Queens, NY 11418
      View Details
    • Value Estimation
      $850,000
      4,495 SF

      11319 Jamaica Ave

      COMMERCIAL (GENERAL) • 4,495 SF
      11319 Jamaica Ave, Jamaica, NY 11418-2441
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,525 SF

      Hillside Avenue Retail Property

      Retail property with frontage on Hillside Avenue.
      184-1 Hillside Ave, Jamaica, NY 11418
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    • $1,500,000
      3,000 SF

      Richmond Hill Mixed-Use Investment Property

      Three-story mixed-use building on Jamaica Avenue in Richmond Hill, Queens.
      125-16 Jamaica Ave, Richmond Hill, NY 11418
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    • New
      $1,388,000
      0.06 Acres

      Richmond Hill Mixed-Use Building

      Renovated mixed-use building with retail and residential units.
      102-03 Jamaica Ave, Richmond Hill, NY 11418
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    • $1,350,000

      Mixed-Use Building on Jamaica Avenue

      Mix of retail, garage, and residential in thriving location.
      132-04 Jamaica Ave, Richmond Hill, NY 11418
      View Details

    Similar Nearby for Lease

    • $3,800 /Mo
      1,930 SF

      Retail Space in Richmond Hill

      Retail space suitable for restaurant, grocery store, or other retail.
      107-10 Jamaica Ave, Richmond Hill, NY 11418
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    • Contact for pricing
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      Retail Space Near JFK Airport

      Retail space with branding opportunity near Van Wyck Expressway.
      9106 Van Wyck Expy, Richmond Hill, NY 11418
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      Retail Space on Jamaica Avenue

      Retail space available on Jamaica Avenue in Richmond Hill.
      10415 Jamaica Ave, Richmond Hill, NY 11418
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    • $4,500 /Mo
      1,995 SF

      Renovated Storefront on Jamaica Avenue

      Renovated commercial space on a busy street in Richmond Hill.
      10415 Jamaica Ave, Richmond Hill, NY 11418
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    • $5,000 /Mo
      1,603 SF

      Retail Space on Jamaica Avenue

      Prime storefront in Richmond Hill with high visibility and traffic.
      102-51 Jamaica Ave, Richmond Hill, NY 11418
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    • Contact for pricing
      1,489 SF

      Retail/Medical Space Near Jamaica Hospital

      Retail or medical space in new construction near train.
      132-77 Metropolitan Ave, Richmond Hill, NY 11418
      View Details
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    Richmond Hill, NY 11418
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    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
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