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    Property profile & analytics

    8710 Queens Blvd Flushing, NY 11373-4419

    • Office buildings
    • 2,120 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2021
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2580893
    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

    • Office buildings

    Property Details for 8710 Queens Blvd

    Year built
    1940
    Lot size
    0.04 lot acres
    Property size
    2,120 SF
    Zone code
    R6
    Property type
    Office buildings
    APN
    02853-0108
    APU
    28530108

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,240,000
      6.5%
      $1,145,000
      7%
      $1,065,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8761
    Latitude
    40.7351
    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
    $23,413
    $49,950
    $185,400
    $235,350
    -
    $111,000
    $412,000
    $523,000

    Comparable in this City

    • Value Estimation
      $5,385,000
      9,500 SF

      8812 Queens Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,500 SF
      8812 Queens Blvd, Flushing, NY 11373-4489
      View Details
    • Value Estimation
      $12,495,000
      454,645 SF

      5917 Jct Blvd

      OFFICE BUILDING (MULTI-STORY) • 454,645 SF
      5917 Jct Blvd, Flushing, NY 11373-5188
      View Details
    • Value Estimation
      $2,405,000
      3,200 SF

      4037 76th St

      PROFESSIONAL BUILDING • 3,200 SF
      4037 76th St, Flushing, NY 11373-1033
      View Details
    • Value Estimation
      $2,965,000
      9,572 SF

      7717 Queens Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,572 SF
      7717 Queens Blvd, Flushing, NY 11373-3741
      View Details
    • Value Estimation
      $675,000
      1,848 SF

      8421 Queens Blvd

      OFFICE BUILDING (MULTI-STORY) • 1,848 SF
      8421 Queens Blvd, Flushing, NY 11373-4246
      View Details
    • Value Estimation
      $1,710,000
      5,492 SF

      8804 43rd Ave

      PROFESSIONAL BUILDING • 5,492 SF
      8804 43rd Ave, Flushing, NY 11373-3445
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Mixed-Use Corner Property in Elmhurst

      Prime investment opportunity near Roosevelt and 74th Street train station.
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    • Contact for pricing

      Elmhurst Commercial Unit with Balcony

      328 SF commercial unit with balcony in prime location.
      87-14 57Th Rd, New York, NY 11373
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    • Contact for pricing
      4,262 SF

      Elmhurst Mixed-Use Vacant Building

      Two-story building with retail, office, and residential spaces.
      4044 82Nd St, Elmhurst, NY 11373
      View Details
    • $800,000

      Elmhurst Professional Offices For Sale

      Prime location, ideal for medical, therapy, or after-school programs.
      87-08 Justice Ave, Elmhurst, NY 11373
      View Details
    • Contact for pricing
      3,568 SF

      Elmhurst Mixed-Use Building For Sale

      Three-story commercial building with residential unit in prime Elmhurst location.
      40-10 Forley St, Elmhurst, NY 11373
      View Details
    • New
      $216,000
      328 SF

      Elmhurst Commercial Unit with Balcony

      Move-in ready 328 SF commercial unit with private balcony.
      87-14 57Th Rd, Elmhurst, NY 11373
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Second Floor Office Space Available

      Second floor office space with private entrance in Queens.
      40-28 82Nd St, Queens, NY 11373
      View Details
    • Contact for pricing

      Queens Blvd Commercial Space

      Commercial space available for lease in Queens, NY.
      90-02 Queens Blvd, Queens, NY 11373
      View Details
    • $1,400 /Mo

      Prime Retail/Office Space Available

      Highly visible commercial space in the heart of Elmhurst, Queens.
      85-12 Queens Blvd Unit, Elmhurst, NY 11373
      View Details
    • New
      $3,500 /Mo

      Elmhurst Office Space Available

      Commercial office space for rent in Elmhurst, New York.
      83-30 Vietor Ave, Elmhurst, NY 11373
      View Details
    • $60 SF/Yr

      Elmhurst Commercial Space for Lease

      Ground-floor commercial space in Elmhurst with flexible layout.
      88-08 Justice Ave, Elmhurst, NY 11373
      View Details
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    Flushing, NY 11373-4419
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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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