Richmond Hill, NY
Commercial Real Estate Market Trends & Data

$534 per SF Avg asking sale price
$45 per SF Avg asking lease rate
2,212 SF Avg unit lease size
8,312 SF Avg building size for sale
6.80% Average cap rate

Richmond Hill's Demographic Profile

Richmond Hill has 10,085 households and a median income of $77,734, providing context for rent absorption and tenant demand across retail and multifamily assets. A -10% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 32,147
# Households 10,085
Median age 40
Median household income $77,734
Avg household size 3.0
Renter-occupied housing units 6,186
5-year population change -10%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Richmond Hill $580 4,220 SF 6.69%
Kew Gardens $565 4,068 SF 6.69%
Woodhaven $569 5,875 SF 5.52%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Richmond Hill $466 8,347 SF 6.00%
Kew Gardens $642 8,347 SF 6.00%
South Richmond Hill $528 6,357 SF 5.14%
Woodhaven $348 6,950 SF 6.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Richmond Hill $479 8,093 SF
Kew Gardens $479 8,093 SF
South Richmond Hill $829 6,271 SF
Briarwood $753 12,409 SF
Woodhaven $481 7,757 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Richmond Hill $721 7,551 SF 6.50%
Kew Gardens $912 6,674 SF 6.50%
Briarwood $781 7,227 SF 5.85%
Forest Hills $442 7,548 SF 6.22%
Queens $673 11,185 SF 14.28%

Commercial Properties For Sale in Richmond Hill

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Mixed Use 4+1

Richmond Hill, NY 11418

  • 6,270 SF Retail Building
  • $1,798,000
For Sale

3 Building Portfolio: two MIXUSE and 2-Family

South Richmond Hill, NY 11419

  • 1,330 SF Multifamily
  • $2,568,000
For Sale

10617 Jamaica Ave

Richmond Hill, NY 11418

  • 3,363 SF Retail Building
  • 9.93% Cap Rate
  • $1,288,000
For Sale

10801 Atlantic Ave

Richmond Hill, NY 11418

  • 20,000 SF Retail Building
  • 5.73% Cap Rate
  • $9,300,000
For Sale

102-03 Jamaica Ave

Richmond Hill, NY 11418

  • 3,375 SF Multifamily
  • $1,388,000
For Sale

130-43 92nd Ave

Richmond Hill, NY 11418

  • 5,000 SF Industrial Building
  • $2,200,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Richmond Hill pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Richmond Hill $534 8,312 SF
Kew Gardens $732 7,953 SF
South Richmond Hill $813 5,940 SF
Briarwood $707 8,847 SF
Woodhaven $610 9,489 SF

Regional Demographic Comparison

This comparison places Richmond Hill alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Richmond Hill or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Richmond Hill 32,147 10,085 40 $77,734 3 6,186 -10%
Kew Gardens 52,666 18,962 42 $79,841 3 11,877 -7%
South Richmond Hill 36,406 10,291 42 $82,491 3 5,640 -12%
Briarwood 58,568 19,979 40 $71,940 3 13,359 -4%
Woodhaven 34,169 10,021 41 $77,677 3 5,310 -11%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Richmond Hill, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Richmond Hill

View All Commercial Real Estate For Sale in Richmond Hill
Is Richmond Hill a good market for a first-time commercial real estate investor?

Richmond Hill offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Richmond Hill?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Richmond Hill. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Richmond Hill?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Richmond Hill. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Richmond Hill compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Richmond Hill. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Richmond Hill acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Richmond Hill, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends