Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    6914 41st Avec2 Flushing, NY 11377-4028

    • Office Properties & Spaces
    • 1,380 SF
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    5.8%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US63-4249991
    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

    • crystal medical care / Medical Clinic / Internist
    • Vishwanath Valagerehally Puttaswamygowda / Internist

    Property Details for 6914 41st Avec2

    Year built
    2010
    Property size
    1,380 SF
    Zone code
    R5D
    Property type
    Office Properties & Spaces
    APN
    01309-1002
    APU
    13091002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8953
    Latitude
    40.7444
    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
    $13,667
    $13,662
    $158,162
    $171,824
    -
    $30,360
    $351,470
    $381,830

    Comparable in this City

    • Value Estimation
      $235,000
      530 SF

      4128 71st St

      OFFICE (GENERAL) • 530 SF
      4128 71st St, Flushing, NY 11377-3966
      View Details
    • Value Estimation by Request

      6315 Roosevelt Ave

      Office Properties & Spaces
      6315 Roosevelt Ave, Woodside, NY 11377
      View Details
    • Value Estimation
      $245,000
      961 SF

      6314 Queens Blvd, Unit AD-2P

      OFFICE (GENERAL) • 961 SF
      6314 Queens Blvd, Flushing, NY 11377-5783
      View Details
    • Value Estimation
      $250,000
      919 SF

      6314 Queens Blvd, Unit AD-2G

      OFFICE (GENERAL) • 919 SF
      6314 Queens Blvd, Flushing, NY 11377-5783
      View Details
    • Value Estimation
      $560,000
      2,280 SF

      4135 67th St Ste Md1

      OFFICE (GENERAL) • 2,280 SF
      4135 67th St Ste Md1, Flushing, NY 11377-4384
      View Details
    • Value Estimation
      $185,000
      1,217 SF

      7009 45th Ave1a

      CONDOMINIUM OFFICES • 1,217 SF
      7009 45th Ave1a, Flushing, NY 11377-5158
      View Details

    Similar Nearby for Sale

    • $2,999,999

      Woodside Office Building - $3M

      Fully occupied, rent-stabilized multi-tenant office.
      48-46 46Th St, Woodside, NY 11377
      View Details
    • $529,900
      2,844 SF

      Queens Commercial Condo - $529,900

      Spacious 2,844 sq ft commercial condo, owner financing available.
      70-09 45Th Ave, Queens, NY 11377
      View Details
    • $1,798,000
      0.06 Acres

      Woodside Commercial Building For Sale

      Commercial building with storefront and offices in vibrant Woodside neighborhood.
      67-05 Roosevelt Ave, Woodside, NY 11377
      View Details
    • New
      $2,990,000
      3,855 SF

      Prime Retail Condos in Woodside

      Two retail condos in a high-demand Queens neighborhood.
      43-20 52Nd St, Woodside, NY 11377
      View Details
    • Contact for pricing
      5,500 SF

      Woodside Warehouse with Office Space

      Warehouse with office and mezzanine space, move-in ready.
      3718 57Th St, Woodside, NY 11377
      View Details
    • $9,999,000
      0.20 Acres

      Woodside Mixed-Use Building For Sale

      Mixed-use building with bank, offices, parking, and elevator.
      43-22 50Th St, Woodside, NY 11377
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,459 SF

      Medical/Office Space on Queens Blvd

      Medical/office suite with convenient transportation access in Forest Hills.
      116-37 Queens Blvd, Forest Hills, NY 11377
      View Details
    • Contact for pricing
      8,920 SF

      Woodside Industrial Space for Lease

      8,920 SF industrial space available for lease in Woodside.
      5155 59Th Pl, Woodside, NY 11377
      View Details
    • Contact for pricing
      1,493 SF

      Forest Hills Office Space Available

      Office units for rent in Forest Hills, Queens.
      104-70 Queens Blvd, Forest Hills, NY 11377
      View Details
    • Contact for pricing
      2,616 SF

      Rego Park Office Space Available

      Office space for rent with excellent transport links and amenities.
      97 Queens Blvd, Rego Park, NY 11377
      View Details
    • $3,000 /Mo

      Furnished Offices in Woodside Location

      Furnished office spaces for rent in prime Woodside location.
      4322 2E, Queens, NY 11377
      View Details
    • $12,000 /Mo
      2,400 SF

      Prime Retail Space on Roosevelt Avenue

      2,400 SF retail space with 1,300 SF basement near 7 train.
      53-17 Roosvelt Ave, Woodside, NY 11377
      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.
    6914 41st Avec2
    Flushing, NY 11377-4028
    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.