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

    20316 Northern Blvd Flushing, NY 11361-3111

    • Investment properties
    • 6,175 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1128557
    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 20316 Northern Blvd

    Year built
    1963
    Lot size
    0.09 lot acres
    Property size
    6,175 SF
    Zone code
    R3-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    05544-0022
    APU
    55440022

    Description

    This exceptional retail property, located at 20316 Northern Boulevard in the vibrant Bayside, NY neighborhood, presents a compelling investment opportunity. Priced at $200,000, this property offers significant potential for a variety of retail businesses. While the square footage is currently unavailable, the property's prime location on Northern Boulevard ensures high visibility and foot traffic, making it an ideal spot for attracting customers. The property is situated on a zero-acre lot, offering a compact and manageable footprint. The property type is designated as retail, making it suitable for a wide range of commercial uses. This presents a unique chance to establish a thriving business in a bustling area of Queens, New York. The address, 20316 Northern Boulevard, Bayside, NY, places the property within easy reach of a diverse customer base. Further details regarding the interior space and specific zoning regulations are available upon request. Don't miss this chance to acquire a valuable retail space in a prime location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.7795
    Latitude
    40.7573
    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
    $66,491
    $89,550
    $538,200
    $627,750
    -
    $199,000
    $1,196,000
    $1,395,000

    Comparable in this City

    • Value Estimation
      $3,425,000
      6,711 SF

      21714 Northern Blvd

      STORE/OFFICE (MIXED USE) • 6,711 SF
      21714 Northern Blvd, Flushing, NY 11361-3578
      View Details
    • Value Estimation
      $345,000
      3,210 SF

      21120 Northern Blvd

      STORE/OFFICE (MIXED USE) • 3,210 SF
      21120 Northern Blvd, Flushing, NY 11361-3242
      View Details
    • Value Estimation
      $285,000
      1,760 SF

      4017 Bell Blvd

      STORE/OFFICE (MIXED USE) • 1,760 SF
      4017 Bell Blvd, Flushing, NY 11361-2062
      View Details
    • Value Estimation
      $380,000
      2,600 SF

      3926 Bell Blvd

      STORE/OFFICE (MIXED USE) • 2,600 SF
      3926 Bell Blvd, Flushing, NY 11361-2061
      View Details
    • Value Estimation
      $460,000
      4,425 SF

      4127 Bell Blvd

      STORE/OFFICE (MIXED USE) • 4,425 SF
      4127 Bell Blvd, Flushing, NY 11361-2858
      View Details
    • Value Estimation
      $370,000
      9,080 SF

      4101 Bell Blvd

      STORE/OFFICE (MIXED USE) • 9,080 SF
      4101 Bell Blvd, Flushing, NY 11361-2858
      View Details

    Similar Nearby for Sale

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      New Mixed-Use Bayside Property

      New construction mixed-use property in Bayside, convenient location.
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      New Mixed-Use Construction in Bayside

      New construction mixed-use property in Bayside, convenient to transportation and schools.
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      New construction mixed-use property in Bayside, convenient location.
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    Similar Nearby for Lease

    • $3,400 /Mo
      1,065 SF

      Bayside Office Space For Rent

      Office space in new condo building, convenient Bayside location.
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    • $4,100 /Mo
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    • $2,700 /Mo
      1,000 SF

      Renovated Two-Family House For Rent

      Renovated 2-bedroom apartment with terrace, close to transportation and park.
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      Modern office space in Bayside, near transportation and amenities.
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    • $5,900 /Mo
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      Bayside Retail/Office Space Available

      Newly constructed retail/office space in Bayside, near Northern Blvd.
      4512 211Th St, Bayside, NY 11361
      View Details
    • $45 SF/Yr
      13,435 SF

      Prime Queens Office Space Available

      1,100 SF Office, Bell Blvd, Queens
      38-50 Bell Blvd, Queens, NY 11361
      View Details
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    20316 Northern Blvd
    Flushing, NY 11361-3111
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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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