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Property profile & analytics
FOR LEASE
Office buildings
14302 Jamaica Ave, Jamaica, NY 11435
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2514447
For Lease
1 / 12
$10,665,000
14302 Jamaica Ave, Jamaica, NY 11435
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2020
Total area
20,865 SF
Lot
0.12 ac (5,213 SF)
Zoning code
R6A
APN
09983-0001
UPID
US63-2514447
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.44M
CAP Approach
CAP
$11.28M
Comparable Approach
Comparable
$7.25M
Blend (final)
Blend
$10.67M
Owner & transaction history
Medisys Health Network INC · 2 yrs held
Medisys Health Network INC
since 2023
Last sale
$10.5M
4 recorded transactions
Zoning & alternative use
R6A · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$10.0M
+29.7%
Warehouse, storage
$9.3M
+20.5%
Retail stores
$9.0M
+16.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,380,000
ML approach
$8,435,000
CAP Approach
CAP Return
Estimation
6%
$12,215,000
6.5%
$11,275,000
7%
$10,470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,720,000
Current use
INDUSTRIAL (GENERAL)
$10,010,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,300,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$8,980,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,505,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$10.67M
Range $9.60M – $11.73M · ±10% · vs last sale $10.50M (Jul 13 2023)
Last sale anchor
$10.50M
Jul 13 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$511 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$139,274
Tax year 2024
Assessed value
$1,314,900
Assessed 2024
Previous assessed
$106,560
+1,134.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$122,400
Assessed improvement
$1,192,500
Land market value
$272,000
Improvement market value
$2,650,000
Total market value
$2,922,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2020
Heating
NONE
Buildings
1
Stories
4
Units
10
Total area
20,865 SF
Lot
0.12 ac (5,213 SF)
Zoning code
R6A
APN
09983-0001
UPID
US63-2514447
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Jamaica, NY
Zoning R6A · permitted uses
R6A · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.7M
INDUSTRIAL (GENERAL)
Est. value
$10.0M
WAREHOUSE, STORAGE
Est. value
$9.3M
RETAIL STORES
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$7.5M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
4
Buildings
1
Units
10
Lot
0.12 ac
Current owner
From public records · entity-resolved
Medisys Health Network INC
Entity
Mailing address
8900 VAN WYCK EXPY, JAMAICA, NY 11418-2832
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
$10,500,000
Medisys Health Network INC
Jamaica Queens LLC
Deed
$4,900,000 · Maspeth Federal Savings And Loan As
Feb 24, 2020
—
Jamaica Queens LLC
—
Deed
related
$5,400,000 · Alpine Capital Bank
Oct 1, 2018
—
Jamaica Queens LLC
—
Deed
related
$675,000 · Cross River Bank
Apr 20, 2018
$1,525,000
Jamaica Queens LLC
143 Rd St & Jamaica Av Corp
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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