Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14626 Northern Blvd Flushing, NY 11354-4235

    • Retail space
    • 3,131 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    May 07, 2024
    $7,900,000
    Value Estimations
    $7,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3071597
    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 14626 Northern Blvd

    Year built
    1969
    Lot size
    0.24 lot acres
    Property size
    3,131 SF
    Zone code
    R6
    Property type
    Retail space
    APN
    05014-0040
    APU
    50140040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,900,000
      ML approach
      $7,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,853,000
      Market price range: $2.08M - $7.85M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,060,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8199
    Latitude
    40.7649
    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
    $94,327
    $383,400
    $686,700
    $1,070,100
    -
    $852,000
    $1,526,000
    $2,378,000

    Comparable in this City

    • Value Estimation
      $6,855,000
      167,675 SF

      4022 College Pt Blvdc

      RETAIL STORES (PERSONAL SERVICES) • 167,675 SF
      4022 College Pt Blvdc, Flushing, NY 11354-5115
      View Details
    • Value Estimation by Request
      1,920 SF

      3616 Main St, Unit M6-2

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      3616 Main St, Flushing, NY 11354-4105
      View Details
    • Value Estimation
      $1,935,000
      11,988 SF

      3825 Main St, Unit 1A

      RETAIL STORES (PERSONAL SERVICES) • 11,988 SF
      3825 Main St, Flushing, NY 11354
      View Details
    • Value Estimation
      $1,250,000
      6,400 SF

      13655 Roosevelt Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      13655 Roosevelt Ave, Flushing, NY 11354-5509
      View Details
    • Value Estimation by Request
      869 SF

      3625 Un Stcom5

      RETAIL STORES (PERSONAL SERVICES) • 869 SF
      3625 Un Stcom5, Flushing, NY 11354-4166
      View Details
    • Value Estimation
      $880,000
      4,500 SF

      13690 Roosevelt Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      13690 Roosevelt Ave, Flushing, NY 11354-5510
      View Details

    Similar Nearby for Sale

    • $8,250,000
      18,100 SF

      Flushing Commercial Building with Parking

      High-income commercial building with parking garage in prime Flushing location.
      150-15 41St Ave, Flushing, NY 11354
      View Details
    • $5,700,000
      2,431 SF

      Flushing Commercial Ground Floor Unit

      High-visibility commercial space in a thriving business district.
      136-40 39Th Ave, Flushing, NY 11354
      View Details
    • $3,180,000
      3,800 SF

      Flushing Retail Investment Opportunity

      Retail property in prime Flushing location with high rental income.
      36-14 Union St, Flushing, NY 11354
      View Details
    • $4,360,000
      7,290 SF

      Flushing Retail Space For Sale

      Full-floor retail space in Flushing's active commercial corridor.
      146-17 Northern Blvd Unit, Flushing, NY 11354
      View Details
    • $1,488,000
      2,071 SF

      Flushing Retail Investment Opportunity

      Retail investment property in Downtown Flushing with three commercial units.
      35-40 Union St, Flushing, NY 11354
      View Details

    Similar Nearby for Lease

    • $25,000

      Flushing Retail Space with Mezzanine

      Spacious retail space with mezzanine in Downtown Flushing.
      142-28 38Th Ave, Flushing, NY 11354
      View Details
    • $100 SF/Yr

      Prime Retail Space in Flushing

      5,200 SF retail space in a high-traffic Flushing location.
      37-16 Union St, Flushing, NY 11354
      View Details
    • $3,500 /Mo
      1,110 SF

      Flushing Retail Space For Rent

      Retail space for rent in prime Flushing location.
      139-30 34Th Ave, Flushing, NY 11354
      View Details
    • $8,000 /Mo
      720 SF

      Retail Space in Flushing, NY

      Retail space available for rent in Flushing, Queens.
      133-33 39Th Ave, Flushing, NY 11354
      View Details
    • $2,000 /Mo
      500 SF

      Flushing Commercial Units For Lease

      Commercial units for lease in prime Flushing location.
      36-24 Union St, Flushing, NY 11354
      View Details
    • $11,000 /Mo
      23,420 SF

      Flushing Commercial Space For Rent

      Commercial space available in central Flushing, close to amenities.
      37-14 Main St, Flushing, NY 11354
      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.
    14626 Northern Blvd
    Flushing, NY 11354-4235
    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.
    Sign Up Successful!
    You now have access to more from Realmo!