Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4127 Main St Flushing, NY 11355-3132

    • Retail space
    • 3,580 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0209236
    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 4127 Main St

    Year built
    1937
    Lot size
    0.09 lot acres
    Property size
    3,580 SF
    Zone code
    R6
    Property type
    Retail space
    APN
    05043-0009
    APU
    50430009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,065,000
      6.5%
      $985,000
      7%
      $915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8288
    Latitude
    40.7574
    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
    $84,461
    $737,550
    $59,850
    $797,400
    -
    $1,639,000
    $133,000
    $1,772,000

    Comparable in this City

    • Value Estimation by Request
      413 SF

      4144 Main St, Unit 1D

      RETAIL STORES (PERSONAL SERVICES) • 413 SF
      4144 Main St, Flushing, NY 11355-3183
      View Details
    • Value Estimation
      $7,745,000
      24,894 SF

      4125 Kissena Blvd, Unit COM13

      RETAIL STORES (PERSONAL SERVICES) • 24,894 SF
      4125 Kissena Blvd, Flushing, NY 11355-3150
      View Details
    • Value Estimation
      $5,440,000
      24,600 SF

      4179 Main St

      RETAIL STORES (PERSONAL SERVICES) • 24,600 SF
      4179 Main St, Flushing, NY 11355-3821
      View Details
    • Value Estimation by Request
      394 SF

      13336 41st Rdst2

      RETAIL STORES (PERSONAL SERVICES) • 394 SF
      13336 41st Rdst2, Flushing, NY 11355-3666
      View Details
    • Value Estimation
      $2,240,000
      7,717 SF

      4125 Kissena Blvd, Unit COM14

      RETAIL STORES (PERSONAL SERVICES) • 7,717 SF
      4125 Kissena Blvd, Flushing, NY 11355-3150
      View Details
    • Value Estimation
      $770,000
      3,508 SF

      4125 Kissena Blvd, Unit COM8A

      RETAIL STORES (PERSONAL SERVICES) • 3,508 SF
      4125 Kissena Blvd, Flushing, NY 11355-3150
      View Details

    Similar Nearby for Sale

    • New
      $1,990,000
      7,101 SF

      Flushing Commercial Unit For Sale

      7,101 SF commercial unit in Flushing, ideal for diverse uses.
      146-27 Beech Ave, Flushing, NY 11355
      View Details
    • $760,000

      Flushing Commercial Unit For Sale

      Prime location commercial unit suitable for various business purposes.
      132-26 Avery Ave, Flushing, NY 11355
      View Details
    • $2,790,000
      5,354 SF

      Flushing Quadruplex with Retail Space

      All brick building with residential and commercial units in Flushing.
      41-19 Haight St, Flushing, NY 11355
      View Details
    • $95,800
      1,320 SF

      Flushing Retail Space For Sale

      Retail space in Flushing, currently operating as a flower shop/convenience store.
      44-39 Kissena Blvd, Flushing, NY 11355
      View Details
    • $13,900,000

      Mixed-Use Building in Growing Flushing

      Mixed-use building with redevelopment potential in a prime location.
      4207 Kissena Blvd, Flushing, NY 11355
      View Details
    • $4,280,000

      Flushing Commercial Space For Sale

      Versatile commercial space in a rapidly growing business district.
      132-08 Pople Ave, Flushing, NY 11355
      View Details

    Similar Nearby for Lease

    • $9,800 /Mo
      1,397 SF

      Flushing Retail/Office Condo For Rent

      Store front condo office near Main Street and Library.
      13237 41St Rd, Flushing, NY 11355
      View Details
    • $4,500 /Mo

      Retail Space on College Point

      Retail space available for lease on College Point Boulevard.
      5819 College Point Blvd, Flushing, NY 11355
      View Details
    • $5,800 /Mo
      13,123 SF

      Flushing Commercial Space For Rent

      Commercial facility for rent in a great Flushing location.
      13250 41St Ave, Flushing, NY 11355
      View Details
    • $23,800
      4,621 SF

      Flushing Retail/Medical Space For Rent

      Prime commercial space in Flushing's dynamic commercial corridor.
      132-08 Pople Ave, Flushing, NY 11355
      View Details
    • $2,950 /Mo
      850 SF

      Main Street Retail/Office Space

      Prime Flushing location, ideal for retail or office use.
      43-06 Main St, Flushing, NY 11355
      View Details
    • $8,000 /Mo

      Flushing Retail/Office Corner Space

      Prime corner retail/office space in Flushing's Murray Hill.
      150-23 Barclay Ave, Flushing, NY 11355
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4127 Main St
    Flushing, NY 11355-3132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.