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

    11220 Atlantic Ave Jamaica, NY 11419-1118

    • Retail space
    • 7,626 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $1,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3372643
    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

    • Retail space

    Property Details for 11220 Atlantic Ave

    Year built
    1996
    Lot size
    0.45 lot acres
    Property size
    7,626 SF
    Zone code
    R6A
    Property type
    Retail space
    APN
    09398-0001
    APU
    93980001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,270,000
      6.5%
      $2,095,000
      7%
      $1,945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,051,000
      Market price range: $551k - $1.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.8333
    Latitude
    40.6922
    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
    $82,506
    $352,350
    $429,750
    $782,100
    -
    $783,000
    $955,000
    $1,738,000

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      13306 101st Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      13306 101st Ave, Jamaica, NY 11419
      View Details
    • Value Estimation
      $3,175,000
      12,760 SF

      10903 Liberty Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,760 SF
      10903 Liberty Ave, Jamaica, NY 11419-1703
      View Details
    • Value Estimation by Request
      1,984 SF

      11814 101st Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,984 SF
      11814 101st Ave, Jamaica, NY 11419
      View Details
    • Value Estimation
      $590,000
      2,339 SF

      11102 101st Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,339 SF
      11102 101st Ave, Jamaica, NY 11419-1122
      View Details
    • Value Estimation
      $825,000
      4,068 SF

      10409 123rd St

      RETAIL STORES (PERSONAL SERVICES) • 4,068 SF
      10409 123rd St, Jamaica, NY 11419-2901
      View Details
    • Value Estimation
      $4,030,000
      4,560 SF

      12302 Liberty Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,560 SF
      12302 Liberty Ave, Jamaica, NY 11419-2116
      View Details

    Similar Nearby for Sale

    • $1,199,000

      Richmond Hill Mixed-Use Investment

      Mixed-use property with retail and residential units in Richmond Hill.
      13411 Liberty Ave, Jamaica, NY 11419
      View Details
    • $1,449,000
      Pending

      Richmond Hill Mixed-Use Building

      Renovated mixed-use property with storefront and two apartments.
      119-10 94Th Ave, South Richmond Hill, NY 11419
      View Details
    • $1,200,000
      Pending

      Richmond Hill Mixed-Use Property

      Mixed-use property with storefront and residential units in Richmond Hill.
      13117 Liberty Ave, South Richmond Hill, NY 11419
      View Details
    • $879,000

      Newly Renovated Retail Storefront

      Newly renovated retail storefront property for sale.
      107-25-117 St 117 St, Queens, NY 11419
      View Details
    • $2,000,000
      4,680 SF

      Richmond Hill Mixed-Use Investment Property

      Seven-unit mixed-use building with storefront and residential units.
      108-03 101St Ave, South Richmond Hill, NY 11419
      View Details
    • $1,400,000

      Mixed-Use Storefront with Apartment

      Mixed-use property with storefront, apartment, and garage.
      135-07 Liberty Ave, Jamaica, NY 11419
      View Details

    Similar Nearby for Lease

    • New
      $4,000 /Mo
      1,599 SF

      Richmond Hill Commercial Space Available

      Spacious store in high-traffic location, ideal for office/food business.
      11107 101St Ave, South Richmond Hill, NY 11419
      View Details
    • $2,500 /Mo
      5,650 SF

      Ozone Park Commercial Space Rental

      Versatile commercial space in high-traffic Ozone Park location.
      11918 Liberty Ave, Ozone Park, NY 11419
      View Details
    • $1,000 /Mo

      Stylist Station in Richmond Hill Salon

      Hair stylist station for rent in established Richmond Hill salon.
      113-13 Liberty Ave, Jamaica, NY 11419
      View Details
    • New
      $2,500 /Mo
      2,326 SF

      Prime Corner Storefront in Richmond

      Highly visible corner commercial storefront in the heart of Richmond Hill.
      13002 Atlantic Ave, Richmond Hill, NY 11419
      View Details
    • Contact for pricing

      Queens Mixed-Use Development Opportunity

      6,312 sq ft, R6B/C1-2 Zoning
      117-18 101St Ave, Richmond hill, NY 11419
      View Details
    • $53 SF/Yr
      2,800 SF

      Liberty Ave Office Space for Lease

      Prime Queens location, 2800 sq ft, high foot traffic.
      124-19 Liberty Ave, Queens, NY 11419
      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.
    11220 Atlantic Ave
    Jamaica, NY 11419-1118
    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.