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    Property profile & analytics

    4512 104Th St Corona, NY 11368

    • Investment properties
    • 4,938 SF
    • 0.06 lot acres
    For Sale
    View listing
    $3,750,000
    Last Sale
    Oct 14, 2022
    $1,150,000
    Value Estimations
    Cap Rate Potential
    6.2%
    Investment properties
    Location Intelligence
    Property ID
    US63-6124637
    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

    • S S Precision Co / Production Facility / Security Service
    • Pellegrino Precision Automatic / Industrial Manufacturer

    Property Details for 4512 104Th St

    Year built
    1930
    Lot size
    0.06 lot acres
    Property size
    4,938 SF
    Zone code
    R6B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01980-0033
    APU
    19800033

    Description

    This exceptional 7,000 square foot mixed-use property in Corona, NY, presents a lucrative investment opportunity. Situated on a 0.06-acre lot at 4512 104th Street, this building offers a unique blend of commercial and residential space, ideal for generating diverse income streams. The ground floor boasts approximately 2,000 square feet of commercial space, perfect for a variety of businesses. Its 17-foot high ceilings provide ample space and a sense of grandeur, while the high foot traffic and excellent visibility ensure maximum exposure for any tenant. A full 2,000 square foot basement and a 500 square foot backyard add significant potential for storage, expansion, or outdoor use. The upper floors provide substantial residential space, with the second and third floors each featuring three bedrooms and three full bathrooms. The second floor also includes a large balcony, offering residents additional outdoor living space. This property is priced at $3,850,000 and represents a rare chance to acquire a versatile and high-potential investment in a thriving Queens neighborhood. The combination of commercial and residential units offers a strong foundation for long-term growth and profitability. Don't miss this chance to secure a prime piece of Corona real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,030,000
      ML approach
      $1,030,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,060,000
      6.5%
      $980,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,428,000
      Market price range: $1.43M - $2.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8603
    Latitude
    40.7465
    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
    $8,833
    $19,500
    $24,480
    $43,980
    -
    $325,000
    $408,000
    $733,000

    Comparable in this City

    • Value Estimation
      $600,000
      4,024 SF

      4512 National St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,024 SF
      4512 National St, Flushing, NY 11368-2742
      View Details
    • Value Estimation by Request
      3,180 SF

      4028 National St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,180 SF
      4028 National St, Flushing, NY 11368-2321
      View Details
    • Value Estimation by Request
      1,848 SF

      11153 41st Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,848 SF
      11153 41st Ave, Flushing, NY 11368-2621
      View Details
    • Value Estimation by Request
      2,360 SF

      10101 35th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,360 SF
      10101 35th Ave, Flushing, NY 11368-1938
      View Details
    • Value Estimation by Request
      3,300 SF

      9818 Northern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      9818 Northern Blvd, Flushing, NY 11368-1042
      View Details
    • Value Estimation by Request
      2,300 SF

      10620 Northern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,300 SF
      10620 Northern Blvd, Flushing, NY 11368-1238
      View Details

    Similar Nearby for Sale

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      Four-story mixed-use property in Corona, NY with strong income.
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      Mixed-Use Building in Corona, NY

      Mixed-use building with commercial and residential units in Corona, Queens.
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      Mixed-Use Five Family Asset

      Well-maintained, fully occupied, cash-flowing mixed-use property in prime Corona.
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    Similar Nearby for Lease

    • $3,000 /Mo

      Spacious Three-Bedroom Apartment in Corona

      Comfortable 3-bedroom, 2-bathroom apartment in Corona, Queens, available now.
      34-53 106Th St, Corona, NY 11368
      View Details
    • New
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      4,574 SF

      Roosevelt Avenue Office Space

      Second-floor office space in high-traffic Corona location.
      9718 Roosevelt Ave, Corona, NY 11368
      View Details
    • Contact for pricing
      75,000 SF

      Roosevelt Avenue Retail Portfolio

      Queens Retail Space: Multiple Units Available
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      View Details
    • $75 SF/Yr
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      Junction Blvd Retail Space

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    • $4,200 /Mo

      Retail Store for Rent

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      View Details
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      Brand New Office Spaces

      New office spaces for lease in Corona, Queens.
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      View Details
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    4512 104Th St
    Corona, NY 11368
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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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