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    24847 Jericho Tpke Jamaica, NY 11426-1912
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    Property profile & analytics

    24847 Jericho Tpke Jamaica, NY 11426-1912

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    • Investment properties
    • 2,680 SF
    • 0.05 lot acres
    Off-Market
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 24847 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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    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

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      3,112 SF

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      2,400 SF

      24706 Un Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      24706 Un Tpke, Jamaica, NY 11426-1835
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    • Value Estimation by Request
      2,600 SF

      24615 Jericho Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      24615 Jericho Tpke, Jamaica, NY 11426-1416
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    • Value Estimation by Request
      1,600 SF

      25016 Un Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 1,600 SF
      25016 Un Tpke, Jamaica, NY 11426-2626
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      2,454 SF

      8355 247th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,454 SF
      8355 247th St, Jamaica, NY 11426-1726
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    • Value Estimation by Request
      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

    • Contact for pricing
      2,600 SF

      Mixed-Use Building in Bellerose, Queens

      Mixed-use building with 2600 SF in Bellerose, Queens.
      24619 Jericho Tpke, Bellerose, NY 11426
      View Details
    • Contact for pricing
      90,000 SF

      New Commercial Building Near LIRR

      Four-story commercial building with anchor and medical tenants, parking.
      251-73 Jericho Tpke, Bellerose, NY 11426
      View Details
    • New
      $1,149,999
      1,920 SF

      Two-Family Home in Bellerose, NY

      Legal two-family property with finished basement and detached garage.
      242-19 83Rd Ave, Bellerose, NY 11426
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,600 SF

      Bellerose Retail Space Available

      20,600 sqft retail space for rent in Bellerose, NY.
      251-01 Jamaica Ave, Bellerose, NY 11426
      View Details
    • Contact for pricing
      1,200 SF

      Office Space Near Transportation Hub

      Office space with easy access to transportation and amenities.
      24019 Jamaica Ave, Queens, NY 11426
      View Details
    • New
      $8,500 /Mo

      Bellerose Commercial Space For Rent

      1450 SF office/retail space suitable for various businesses.
      251-16 Hillside Ave, Bellerose, NY 11426
      View Details
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    Jamaica, NY 11426-1912
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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.

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