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

    4702 Bell Blvd Flushing, NY 11361-3334

    • Retail space
    • 17,090 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $3,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1245983
    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

    • Mac Bell Cleaners / Dry Cleaner

    Property Details for 4702 Bell Blvd

    Year built
    1949
    Lot size
    0.50 lot acres
    Property size
    17,090 SF
    Zone code
    R4B
    Property type
    Retail space
    APN
    07330-0023
    APU
    73300023

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,085,000
      6.5%
      $4,695,000
      7%
      $4,360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.7679
    Latitude
    40.7565
    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
    $117,883
    $440,550
    $778,050
    $1,218,600
    -
    $979,000
    $1,729,000
    $2,708,000

    Comparable in this City

    • Value Estimation by Request
      1,001 SF

      20002 Northern Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,001 SF
      20002 Northern Blvd, Flushing, NY 11361-2541
      View Details
    • Value Estimation by Request
      1,600 SF

      4238 Bell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      4238 Bell Blvd, Flushing, NY 11361-2862
      View Details
    • Value Estimation by Request
      2,484 SF

      3626 Bell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,484 SF
      3626 Bell Blvd, Flushing, NY 11361-2057
      View Details
    • Value Estimation
      $520,000
      3,250 SF

      3805 Bell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      3805 Bell Blvd, Flushing, NY 11361-2058
      View Details
    • Value Estimation
      $1,550,000
      5,976 SF

      3437 Bell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,976 SF
      3437 Bell Blvd, Flushing, NY 11361-1744
      View Details
    • Value Estimation
      $3,290,000
      24,000 SF

      21220 Northern Blvd

      RETAIL STORES (PERSONAL SERVICES) • 24,000 SF
      21220 Northern Blvd, Flushing, NY 11361-3342
      View Details

    Similar Nearby for Sale

    • $75,000

      Restaurant Opportunity Near Bayside LIRR

      Restaurant asset sale with lease reassignment near Bayside LIRR.
      213-02 42Nd Ave, Bayside, NY 11361
      View Details
    • $550,000
      3,000 SF

      Nail Salon Business Opportunity

      Established nail salon business for sale in Bayside, NY.
      203-06 45Th Ave, Bayside, NY 11361
      View Details
    • $550,000

      Bayside Retail Space For Sale

      Retail space in Bayside, Queens, generating significant monthly income.
      203-06 45Th Ave, Queens, NY 11361
      View Details
    • $6,000,000

      Mixed-Use Property in Queens, NY

      Two buildings on one lot with commercial and residential units.
      213-39 35Th Ave, Queens, NY 11361
      View Details
    • $755,000
      2,000 SF

      Turn-Key Dessert Business Opportunity

      Profitable franchise dessert business in prime Bayside location.
      213-11 Northern Blvd, Bayside, NY 11361
      View Details
    • $12,990,000

      Bayside Prime Location Opportunity

      Prime Bayside location with high foot traffic and income potential.
      214-25 42Nd Ave, Bayside, NY 11361
      View Details

    Similar Nearby for Lease

    • $5,900 /Mo
      1,700 SF

      Bayside Retail/Office Space Available

      Newly constructed retail/office space in Bayside, near Northern Blvd.
      4512 211Th St, Bayside, NY 11361
      View Details
    • $8,500 /Mo

      Versatile Commercial Space in Bayside

      Turnkey retail or professional space with private rooms and basement.
      202-28 45Th Ave, Bayside, NY 11361
      View Details
    • $5,100 /Mo

      Retail Space for Lease

      Retail space available for rent in Queens, NY.
      213-33 39Th Ave, Queens, NY 11361
      View Details
    • $5,100 /Mo

      Bayside Business Building Office/Retail Space

      Office/Retail space available in excellent Bayside business building.
      218 Northern Boulevard, Bayside, NY 11361
      View Details
    • $180,000
      3,000 SF

      Commercial Building For Lease

      Commercial Building For Sale
      205-05 35 Ave, Queens, NY 11361
      View Details
    • Contact for pricing
      4,770 SF

      Prime Queens Medical Office Space

      4,770 SF Medical Office - Available Now
      215-16 Northern Blvd, Queens, NY 11361
      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.
    4702 Bell Blvd
    Flushing, NY 11361-3334
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.