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Property profile & analytics
OFF-MARKET
Retail space

8708 Justice Ave Ste 1b Flushing, NY 11373-4576

460 SF Built 1986
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US63-3889501
Property summary
AI-generated overview

This exceptional mixed-use property, located at 8708 Justice Ave Unit C6+C7 in Elmhurst, NY, offers a combined 980 square feet of versatile space, ideally suited for a variety of professional office uses. The property consists of two contiguous units (C6 and C7), each approximately 490 square feet, providing ample room for expansion or separation of functions. Its prime Elmhurst location offers excellent accessibility, situated near the M/R train station and numerous bus stops, ensuring convenient commuting for employees and clients. The surrounding area is a blend of residential and commercial zones, with the nearby Broadway and Queens Boulevard commercial district providing additional foot traffic and business opportunities. The property's suitability extends to a wide range of professional services, including but not limited to medical practices (such as physical therapy, acupuncture, or counseling), educational services (after-school programs or tutoring), and other professional offices (accountants, architects, lawyers, etc.). The property's adaptability also allows for retail or wholesale operations focused on health and wellness products or services. This presents a unique investment opportunity in a thriving and well-connected neighborhood. The asking price for this combined unit is $550,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Total area 460 SF
Zoning code R6
APN 01842-1006
UPID US63-3889501
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Yassaman Gidfar, MA Physician Medical Clinic
  • Excellence in Dental Health Dental Office
  • Stat Medical Laboratories Medical Laboratory
  • Childs Center of New York Social Service Agency Charitable Organization
  • Huang Eric DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Vladimir Gasca · 18 yrs held
Vladimir Gasca
since 2008
3 recorded transactions
2008
$165,000
2007
$543,000
2004
$415,500
Zoning & alternative use
R6 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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