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    4846 Clearview Expy Flushing, NY 11364-1040
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    Property profile & analytics

    4846 Clearview Expy Flushing, NY 11364-1040

    View on Map
    • Retail space
    • 880 SF
    • 0.04 lot acres
    Off-Market
    Last Sale Oct 22, 2020
    $535,000
    Property ID
    US63-3807976
    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
    $540,000
    Show details
    Cap Rate Potential
    2.6%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Spread Information Sciences / Electronics & Wireless Store

    Property Details for 4846 Clearview Expy

    Year built
    1931
    Lot size
    0.04 lot acres
    Property size
    880 SF
    Zone code
    R3-1
    Property type
    Retail space
    APN
    07362-0030
    APU
    73620030

    Description

    This exceptional commercial property, located at 4846 Clearview Expy in Bayside, NY, presents a lucrative investment opportunity. The building offers approximately 900 square feet of open, versatile space ideal for a storefront retail business or office use. Completely renovated in 2021, the property is in excellent condition and ready for immediate occupancy. The building features a split AC system for efficient climate control and gas heating for reliable warmth. Convenient street parking is readily available, and the property includes two dedicated parking spaces in the rear, a significant advantage in this high-traffic area. The building also boasts a full-size unfinished basement, offering ample potential for expansion or storage. Situated on a 0.04-acre lot, this property benefits from its prime location near major highways, ensuring easy accessibility for both customers and employees. The high foot traffic in this commercial area makes this a particularly attractive investment prospect. The asking price is $780,000. Don't miss this chance to acquire a well-maintained, high-potential commercial property in a thriving Bayside neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $533,000
      Market price range: $394k - $1.16M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $650,000
      Current use
      OFFICE BUILDING
      $600,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.7759
    Latitude
    40.7515
    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
    $6,530
    $24,750
    $41,400
    $66,150
    -
    $55,000
    $92,000
    $147,000

    Comparable in this City

    • Value Estimation
      $2,090,000
      15,735 SF

      21501 73rd Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,735 SF
      21501 73rd Ave, Flushing, NY 11364-2928
      View Details
    • Value Estimation
      $2,865,000
      67,400 SF

      7336 Bell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 67,400 SF
      7336 Bell Blvd, Flushing, NY 11364-2930
      View Details
    • Value Estimation
      $2,935,000
      14,800 SF

      22202 Un Tpke

      RETAIL STORES (PERSONAL SERVICES) • 14,800 SF
      22202 Un Tpke, Flushing, NY 11364-3643
      View Details
    • Value Estimation
      $3,435,000
      26,936 SF

      6102 Springfield Blvd

      RETAIL STORES (PERSONAL SERVICES) • 26,936 SF
      6102 Springfield Blvd, Oakland Gardens, NY 11364-2336
      View Details
    • Value Estimation by Request
      880 SF

      4852 Clearview Expy

      RETAIL STORES (PERSONAL SERVICES) • 880 SF
      4852 Clearview Expy, Flushing, NY 11364-1040
      View Details
    • Value Estimation by Request
      1,170 SF

      4854 Clearview Expy

      RETAIL STORES (PERSONAL SERVICES) • 1,170 SF
      4854 Clearview Expy, Flushing, NY 11364-1040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,433 SF

      Oakland Gardens Office/Retail Space

      1,433 SF office/retail space with basement and parking.
      6102-6142 Springfield Blvd, Oakland Gardens, NY 11364
      View Details
    • Contact for pricing
      3,374 SF

      Bayside 3-Bedroom Corner Unit

      Spacious Bayside 3-bedroom with modern kitchen and convenient transportation.
      223-03 56Th Rd, Queens, NY 11364
      View Details
    • $3,400 /Mo
      1,751 SF

      Bayside Commercial Space For Rent

      Spacious Bayside commercial space suitable for various uses.
      61-12 220Th St, Bayside, NY 11364
      View Details
    • $12 SF/Yr

      Updated Two Bedroom Flex Apartment

      Cozy updated 2-bedroom flex apartment in Oakland Gardens.
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      View Details
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    Flushing, NY 11364-1040
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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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