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    11120 Roosevelt Ave Flushing, NY 11368-2626
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    11120 Roosevelt Ave Flushing, NY 11368-2626

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    • Retail residential properties
    • 3,718 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US63-3568994
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 11120 Roosevelt Ave

    Year built
    2003
    Lot size
    0.04 lot acres
    Property size
    3,718 SF
    Zone code
    R6B
    Property type
    Retail residential properties
    APN
    02013-0109
    APU
    20130109

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $800,000
      6.5%
      $735,000
      7%
      $685,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8549
    Latitude
    40.7516
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,702
    $64,800
    $185,850
    $250,650
    -
    $144,000
    $413,000
    $557,000

    Comparable in this City

    • Value Estimation
      $7,395,000
      254,600 SF

      9604 57th Ave

      STORES & APARTMENTS • 254,600 SF
      9604 57th Ave, Flushing, NY 11368-3414
      View Details
    • Value Estimation
      $5,340,000
      25,514 SF

      10010 39th Ave

      STORES & APARTMENTS • 25,514 SF
      10010 39th Ave, Flushing, NY 11368
      View Details
    • Value Estimation
      $2,360,000
      10,145 SF

      5540 97th Pl

      STORES & APARTMENTS • 10,145 SF
      5540 97th Pl, Flushing, NY 11368-3025
      View Details
    • Value Estimation
      $950,000
      8,000 SF

      9601 37th Ave

      STORE/OFFICE (MIXED USE) • 8,000 SF
      9601 37th Ave, Flushing, NY 11368
      View Details
    • Value Estimation
      $1,120,000
      6,067 SF

      3827 98th St

      STORES & APARTMENTS • 6,067 SF
      3827 98th St, Flushing, NY 11368-3679
      View Details
    • Value Estimation
      $1,960,000
      3,520 SF

      3764 Jct Blvd

      STORE/OFFICE (MIXED USE) • 3,520 SF
      3764 Jct Blvd, Flushing, NY 11368-1741
      View Details

    Similar Nearby for Sale

    • $3,880,000
      6,216 SF

      3705 101St St, Corona, NY 11368

      Mixed-use properties • 6,216 SF
      3705 101St St, Corona, NY 11368
      View Details
    • $1,649,000
      Pending

      Corona Mixed-Use Brick Building

      Three-story brick building with commercial space and residential units.
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    • Contact for pricing
      3,180 SF

      Mixed-Use Building Near Train Station

      Three-story mixed-use building with retail, apartments, and parking.
      42-04 108Th St, Corona, NY 11368
      View Details
    • $1,980,000

      Corona Mixed-Use Property For Sale

      Mixed-use property in Corona with store and apartments.
      37-03 101St St, Corona, NY 11368
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Retail Space on Northern Boulevard

      Retail space in Corona with high visibility and traffic.
      104-15 Northern Boulevard, Corona, NY 11368
      View Details
    • Contact for pricing

      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

      Retail Space on Junction Boulevard

      4,000 SF retail property in Jackson Heights, Queens.
      38-39 Junction Blvd, New York, NY 11368
      View Details
    • Contact for pricing

      Flushing Retail Space for Lease

      Retail and restaurant spaces available for lease in Flushing.
      Roosevelt Ave And Tom Seaver Way, Flushing, NY 11368
      View Details
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    11120 Roosevelt Ave
    Flushing, NY 11368-2626
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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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