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    3325 88Th St Jackson Heights, NY 11372
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    Property profile & analytics

    3325 88Th St, Jackson Heights, NY 11372

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    • Commercial real estate
    • 2,742 SF
    • 27.42 lot acres
    Off-Market
    Property ID
    US63-2863678
    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

    • Commercial real estate

    Property Details for 3325 88Th St

    Lot size
    27.42 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional two-family semi-detached home in Jackson Heights, NY presents a unique investment opportunity. Boasting 2,742 square feet on a generous 27.42-acre lot, this property offers two separate units, each with its own utilities, ensuring privacy and convenience for residents. The inclusion of a private parking garage is a significant advantage, a rare amenity in this vibrant neighborhood. Ideally situated near public transportation, this property provides easy access to all that Jackson Heights has to offer, including diverse shopping, dining, and cultural attractions. The property's mixed-use zoning potential allows for a variety of uses, making it an attractive investment for both homeowners and investors seeking a versatile property in a prime location. The asking price is $1,550,000. This property is located at 3325 88, Jackson Heights, NY 11372. The address is easily accessible via public transportation and offers a convenient location within the bustling Jackson Heights community. This is a rare opportunity to acquire a substantial property with significant potential in a highly sought-after area.

    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
    Jackson Heights
    County
    36081
    State
    New York
    Longitude
    -73.8801301
    Latitude
    40.7527924

    Comparable in this City

    • $2,100,000

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    • $1,990,000
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      Jackson Heights Mixed-Use Building

      Mixed-use building in prime location with retail and residential units.
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    Similar Nearby for Sale

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      Jackson Heights Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in prime location.
      82-17 Northern Boulevard, Jackson Heights, NY 11372
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    • $1,990,000
      0.04 Acres

      Jackson Heights Mixed-Use Building

      Mixed-use building in prime location with retail and residential units.
      95-07 Roosevelt Ave, Jackson Heights, NY 11372
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      Mixed-Use Building in Top Location

      Mixed-use building for sale in a prime location.
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    Similar Nearby for Lease

    • $3,300 /Mo

      Prime Jackson Heights Office Space

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      Newly Renovated Elmhurst Office Space

      Renovated office spaces near Roosevelt Avenue, suitable for non-medical use.
      90-25 Elmhurst Ave, Queens, NY 11372
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      3,300 SF

      Retail Space Near 7 Train

      Retail space in high foot traffic area near 7 train.
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      2,183 SF

      Prime Retail Space Available

      Retail spaces in prime Jackson Heights location, all uses considered.
      3747 74Th St, Jackson Heights, NY 11372
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      1,981 SF

      Office Space with 360 Views

      Turnkey office suites available with on-site parking and public transport.
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      View Details
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    Jackson Heights, NY 11372
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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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