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

    17902 150th Ave Jamaica, NY 11434-5622

    • Warehouses
    • 71,688 SF
    • 1.44 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2024
    $246,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1679263
    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

    • MRZ Trucking Inc / Trucking Company / Transportation Service
    • Associated Global Systems / Freight Forwarding Service
    • Canaan International Freight / Freight Forwarding Service
    • J Lawrence & Co Inc / Freight Forwarding Service

    Property Details for 17902 150th Ave

    Year built
    1967
    Lot size
    1.44 lot acres
    Property size
    71,688 SF
    Zone code
    M1-1
    Property type
    Warehouses
    APN
    13413-0001
    APU
    134130001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.7666
    Latitude
    40.6568
    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
    $386,819
    $1,101,600
    $2,962,800
    $4,064,400
    -
    $2,448,000
    $6,584,000
    $9,032,000

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      12515 Mars Pl

      WAREHOUSE, STORAGE • 2,400 SF
      12515 Mars Pl, Jamaica, NY 11434
      View Details
    • Value Estimation by Request
      2,623 SF

      15256 Rockaway Blvd

      WAREHOUSE, STORAGE • 2,623 SF
      15256 Rockaway Blvd, Jamaica, NY 11434
      View Details
    • Value Estimation
      $1,225,000
      15,920 SF

      15506 Conduit Ave

      WAREHOUSE, STORAGE • 15,920 SF
      15506 Conduit Ave, Jamaica, NY 11434-4219
      View Details
    • Value Estimation
      $15,945,000
      66,976 SF

      15265 Rockaway Blvd

      WAREHOUSE, STORAGE • 66,976 SF
      15265 Rockaway Blvd, Jamaica, NY 11434-2804
      View Details
    • Value Estimation by Request
      6,630 SF

      14802 Guy R Brewer Blvd

      WAREHOUSE, STORAGE • 6,630 SF
      14802 Guy R Brewer Blvd, Jamaica, NY 11434-5625
      View Details
    • Value Estimation by Request
      2,930 SF

      14411 158th St

      WAREHOUSE, STORAGE • 2,930 SF
      14411 158th St, Jamaica, NY 11434-4213
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Queens Industrial Property For Sale

      Industrial property available for sale in Queens, New York.
      146-10 +16+20 Guy R Brewer Blvd, Queens, NY 11434
      View Details
    • $1,750,000
      4,620 SF

      Jamaica Multi-Unit Investment Opportunity

      High-traffic location, four-unit building, strong income potential.
      14811 175Th St, Jamaica, NY 11434
      View Details
    • $943,000
      2,105 SF

      Jamaica, NY Legal Duplex

      Investment opportunity in Saint Albans, Queens near transportation and amenities.
      11422 174Th St, Jamaica, NY 11434
      View Details
    • $899,000
      Pending

      Renovated Duplex in Jamaica, NY

      Renovated two-family property with modern kitchens and finished basement.
      114-25 Bedell St, Jamaica, NY 11434
      View Details
    • $939,000
      Pending

      Renovated Jamaica Duplex with Driveway

      Renovated 5-bedroom, 3-bath duplex with modern upgrades and private driveway.
      134-15 160Th St, Jamaica, NY 11434
      View Details
    • $1,299,000

      Mixed-Use Property with Commercial Office

      Three apartments and a commercial office with a large lot.
      17720 Leslie Rd, Jamaica, NY 11434
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,630 SF

      Jamaica Warehouse Near JFK Airport

      Renovated warehouse space diagonal from JFK Airport.
      165 145Th Dr, Jamaica, NY 11434
      View Details
    • Contact for pricing
      15,920 SF

      Jamaica Warehouse Space Available

      Two-story, 15,200 SF warehouse in Jamaica, Queens for rent.
      155-06 South Conduit Ave, Jamaica, NY 11434
      View Details
    • Contact for pricing

      Jamaica Warehouse Building For Rent

      Two-story, 21,823 SF warehouse building in Jamaica, Queens.
      149-21 177Th St, Jamaica, NY 11434
      View Details
    • Contact for pricing
      7,500 SF

      Jamaica Warehouse Space Available

      7,500 SF warehouse space for rent in Jamaica, NY.
      13019 180Th St, Jamaica, NY 11434
      View Details
    • Contact for pricing
      12,000 SF

      Jamaica, Queens Warehouse Space

      Two-story, 12,000 SF warehouse building in Jamaica, Queens.
      149-15 177Th St, Jamaica, NY 11434
      View Details
    • Contact for pricing
      1,900 SF

      Industrial Space Available for Rent

      1900 square feet of industrial space for rent.
      167 146Th Rd, Jamaica, NY 11434
      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.
    17902 150th Ave
    Jamaica, NY 11434-5622
    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.