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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11159 Farmers Blvd Jamaica, NY 11412-2362

    • Investment properties
    • 3,900 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1037010
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 11159 Farmers Blvd

    Year built
    1927
    Lot size
    0.06 lot acres
    Property size
    3,900 SF
    Zone code
    R5B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    10951-0104
    APU
    109510104

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $835,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $397,000
      Market price range: $398k - $557k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.7639
    Latitude
    40.7007
    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
    $5,445
    $9,600
    $58,560
    $68,160
    -
    $160,000
    $976,000
    $1,136,000

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      11437 Farmers Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      11437 Farmers Blvd, Jamaica, NY 11412-2739
      View Details
    • Value Estimation
      $560,000
      3,008 SF

      18716 Linden Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,008 SF
      18716 Linden Blvd, Jamaica, NY 11412-4042
      View Details
    • Value Estimation by Request
      2,090 SF

      11428 Farmers Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,090 SF
      11428 Farmers Blvd, Jamaica, NY 11412-2737
      View Details
    • Value Estimation
      $910,000
      5,280 SF

      11743 Farmers Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,280 SF
      11743 Farmers Blvd, Jamaica, NY 11412-4053
      View Details
    • Value Estimation by Request
      1,280 SF

      11926 201st St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,280 SF
      11926 201st St, Jamaica, NY 11412-3810
      View Details
    • Value Estimation
      $825,000
      4,600 SF

      20527 Hollis Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,600 SF
      20527 Hollis Ave, Jamaica, NY 11412-1497
      View Details

    Similar Nearby for Sale

    • $948,000

      Renovated Two-Family Home with Upgrades

      Newly renovated two-family home with luxury upgrades and finished garage.
      12043 194Th St, Jamaica, NY 11412
      View Details
    • $799,999
      2,160 SF

      St. Albans Mixed-Use Building

      Mixed-use building with commercial unit and 3-bedroom apartment.
      111-06 Farmers Blvd, St Albans, NY 11412
      View Details
    • $1,350,000

      Mixed-Use Investment in Saint Albans

      Mixed-use property with storefront and two apartments in Queens.
      109-07 Farmers Blvd, Jamaica, NY 11412
      View Details
    • $1,250,000

      Mixed-Use Building in Saint Albans

      Mixed-use building with commercial storefront and residential apartments in Queens.
      109-11 Farmers Blvd, Jamaica, NY 11412
      View Details
    • $1,099,000
      0.04 Acres

      Mixed-Use Building in Saint Albans

      Retail and residential mixed-use building with high cash flow.
      112-21 Farmers Blvd, Saint Albans, NY 11412
      View Details
    • $1,250,000

      Mixed-Use Building in Saint Albans

      Well-maintained mixed-use building with commercial space and apartments.
      109-13 Farmers Blvd, Jamaica, NY 11412
      View Details

    Similar Nearby for Lease

    • $2,999 /Mo
      1,300 SF

      Renovated Space in Saint Albans

      Recently renovated space suitable for office or party hall use.
      199-19 Linden Blvd, Saint Albans, NY 11412
      View Details
    • $4,000 /Mo

      Versatile Commercial Space for Rent

      Adaptable 1,000 SF space suitable for various business types.
      114-34 Farmers Blvd, Jamaica, NY 11412
      View Details
    • Contact for pricing
      32,500 SF

      Modern Warehouse with Refrigeration Space

      Single-story warehouse with excellent loading and Class A offices.
      10420 Dunkirk St, Saint Albans, NY 11412
      View Details
    • $2,650 /Mo

      Renovated Retail/Office Space Available

      Recently renovated 600 SF retail/office space with high visibility.
      10907 Farmers Blvd, Jamaica, NY 11412
      View Details
    • $3,000 /Mo
      1,350 SF

      Retail Space on Linden Boulevard

      Ground floor retail space with high foot traffic and backyard.
      188-09 Linden Blvd, Jamaica, NY 11412
      View Details
    • Contact for pricing
      182,200 SF

      Queens Warehouse: Liberty Ave

      Massive industrial warehouse, 182,200 sqft.
      182-20 Liberty Ave, Queens, NY 11412
      View Details
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    11159 Farmers Blvd
    Jamaica, NY 11412-2362
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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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