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    Property profile & analytics

    24501 Jericho Tpke Jamaica, NY 11426-1414

    • Retail space
    • 14,650 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $2,885,000
    Last Sale
    Oct 21, 2024
    $2,864,911
    Location Intelligence
    Property ID
    US63-2428311
    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 24501 Jericho Tpke

    Year built
    1932
    Lot size
    0.36 lot acres
    Property size
    14,650 SF
    Zone code
    R4
    Property type
    Retail space
    APN
    08659-0001
    APU
    86590001

    Description

    This exceptional commercial property, located at 24501 Jericho Turnpike in Bellerose, New York, presents a compelling investment opportunity for discerning buyers seeking long-term stability and strong returns. The property is ideally situated in a prime location, offering excellent visibility and accessibility. While the precise square footage is not currently available, the substantial asking price of $9,788,000 reflects the significant value and potential of this asset. The property's strength lies in its established tenancy, providing a consistent income stream and minimizing vacancy risks. This makes it an attractive option for investors prioritizing predictable cash flow and a low-maintenance investment. Further details regarding the specific tenants and lease agreements are available upon request. The property's location on Jericho Turnpike ensures high traffic volume and excellent exposure, making it an ideal location for a variety of commercial uses. This is a rare opportunity to acquire a well-established commercial property in a highly desirable area with a proven track record of success. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property sits on a 0-acre lot. The property type is classified as General Commercial.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,885,000
      6.5%
      $2,975,000
      7%
      $2,795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,925,000
      Geo Method
      $3,210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,810,000
      Retail
      $2,920,000
      Mixed-Use
      $2,740,000
      Hospitality
      $2,970,000
      Educational
      $2,800,000
      Residential Income
      $3,290,000
      Energy
      $3,035,000
      Income-Based Land
      $2,650,000
      Food Service
      $2,450,000

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.7226
    Latitude
    40.7251
    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
    $120,638
    $184,050
    $954,900
    $1,138,950
    -
    $409,000
    $2,122,000
    $2,531,000

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      25101 Jericho Tpke

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      25101 Jericho Tpke, Jamaica, NY 11426
      View Details
    • Value Estimation
      $2,460,000
      1,800 SF

      25310 Hillside Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      25310 Hillside Ave, Jamaica, NY 11426-2152
      View Details
    • Value Estimation by Request
      10,300 SF

      24009 Jamaica Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,300 SF
      24009 Jamaica Ave, Jamaica, NY 11426-1054
      View Details
    • Value Estimation
      $405,000
      858 SF

      23717 Jamaica Ave

      RETAIL STORES (PERSONAL SERVICES) • 858 SF
      23717 Jamaica Ave, Jamaica, NY 11426-1050
      View Details
    • Value Estimation by Request
      960 SF

      24023 Braddock Ave

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      24023 Braddock Ave, Jamaica, NY 11426-1152
      View Details
    • Value Estimation
      $2,890,000
      4,350 SF

      25118 Hillside Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,350 SF
      25118 Hillside Ave, Jamaica, NY 11426-2150
      View Details

    Similar Nearby for Sale

    • $1,500,000
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      Versatile Mixed-Use Property For Sale

      2600 SF multi-level property suitable for retail or office.
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      Jericho Turnpike Mixed-Use Property

      Mixed-use property with retail and residential income potential.
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    • Contact for pricing
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      Four-story commercial building with anchor and medical tenants, parking.
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    • $14,100,000
      21,500 SF

      Retail Property on Union Turnpike

      Retail property available for sale on Union Turnpike.
      24801-24827 Union Tpke, Bellerose, NY 11426
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    • $1,500,000
      2,600 SF

      Mixed-Use Building in Bellerose, Queens

      Mixed-use building with 2600 SF in Bellerose, Queens.
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    • $360,000

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    Similar Nearby for Lease

    • $4,500 /Mo
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      Bellerose Retail/Office Space Available

      Versatile 1,100 SF commercial space suitable for office or retail.
      247-67 Jericho Tpke, Bellerose, NY 11426
      View Details
    • $5,700 /Mo

      Spacious Office Space Available

      2800 SF office space for rent in Queens.
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      View Details
    • $3,200 /Mo

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      View Details
    • $2,600 /Mo

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    Jamaica, NY 11426-1414
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    Realmo Value Estimation

    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.

    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.

    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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