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    Property profile & analytics

    248-47 Jericho Tpke Jamaica, NY 11426

    • Investment properties
    • 2,680 SF
    • 0.05 lot acres
    For Sale
    View listing
    $1,390,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-2761628
    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 248-47 Jericho Tpke

    Year built
    1926
    Lot size
    0.05 lot acres
    Property size
    2,680 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    08664-0053
    APU
    86640053

    Description

    This exceptional commercial property, located at 24847 Jericho Turnpike in Bellerose, New York, presents a compelling investment opportunity. Priced at $1,390,000, this general commercial property offers significant potential for a variety of uses. While the square footage is not currently specified, the property's strategic location on Jericho Turnpike ensures high visibility and accessibility, making it ideal for businesses seeking a strong presence in a bustling area. The property sits on a zero-acre lot, suggesting a compact and potentially easily managed footprint. The address itself is a key asset, situated within a well-established commercial corridor in Bellerose, benefiting from existing infrastructure and a potentially strong customer base. Further due diligence is recommended to determine the precise square footage and to assess the suitability of the property for specific business plans. This property is being offered as-is, and potential buyers are encouraged to conduct thorough inspections and assessments to fully understand the property's condition and potential. The asking price reflects the property's location and potential, making it an attractive proposition for savvy investors seeking a foothold in a thriving commercial market. Serious inquiries are welcome. This is a rare opportunity to acquire a commercial property in a prime Bellerose location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.7166
    Latitude
    40.7267
    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
    $7,676
    $13,560
    $48,120
    $61,680
    -
    $226,000
    $802,000
    $1,028,000

    Comparable in this City

    • Value Estimation by Request
      3,112 SF

      25018 Hillside Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,112 SF
      25018 Hillside Ave, Jamaica, NY 11426-2149
      View Details
    • Value Estimation by Request
      2,400 SF

      24706 Un Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      24706 Un Tpke, Jamaica, NY 11426-1835
      View Details
    • Value Estimation
      $385,000
      1,600 SF

      25016 Un Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 1,600 SF
      25016 Un Tpke, Jamaica, NY 11426-2626
      View Details
    • Value Estimation
      $280,000
      2,600 SF

      24615 Jericho Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      24615 Jericho Tpke, Jamaica, NY 11426-1416
      View Details
    • Value Estimation by Request
      2,454 SF

      8355 247th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,454 SF
      8355 247th St, Jamaica, NY 11426-1726
      View Details
    • Value Estimation
      $290,000
      2,600 SF

      24619 Jericho Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      24619 Jericho Tpke, Jamaica, NY 11426-1416
      View Details

    Similar Nearby for Sale

    • $1,390,000
      2,680 SF

      Jamaica Mixed-Use Property For Sale

      Mixed-use property in Jamaica, Queens, featuring residential and commercial spaces.
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    • $1,500,000
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      Mixed-Use Building in Bellerose, Queens

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      24619 Jericho Tpke, Bellerose, NY 11426
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    • Contact for pricing
      90,000 SF

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    Similar Nearby for Lease

    • $5,700 /Mo

      Spacious Office Space Available

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

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    • $3,200 /Mo

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    Jamaica, NY 11426
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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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