Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    #541-#559 San Juan, PR 00918

    Sponsored
    For Sale
    $4,500,000

    Land - SAN JUAN, PR

    Lot size:
    1.12 Acres
    Days on Market:
    480
    Last Refresh:
    Jan 22 at 12:06 am

    Property Features for #541-#559

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-4
    APN
    062-080-831-26-000
    Lot size
    1.12 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Milton Serrano Lebron

    Reality Realty (787) 444-6583 [email protected]

    Listing agent Milton Serrano Lebron (787) 745-8777 License #12272

    Listing date Sep 30, 2024

    MLS# PR9109167 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Hato Rey Land Investment Opportunity

    Located in Hato Rey, this land offers a privileged location near Hospital del Maestro, La Merced Development, Las Americas Expressway, and Manuel Domenech Avenue. The property consists of approximately 4,549 square meters, divided into 12 lots of roughly 400 square meters each, featuring a mostly rectangular configuration and a wide frontage. Currently utilized as a parking lot with 135 spaces, this land is suitable for developing an urban, residential, or mixed-use project. The surrounding area is characterized by high population density and a dynamic mix of uses, including residences, multi-family buildings, medical and health service offices, condominiums, senior living facilities, restaurants, and passive parks. Zoned R-4, the land offers various development possibilities, although some potential uses may require a zoning change. This property represents an investment opportunity in Hato Rey.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    San Juan
    County
    San Juan
    State
    Puerto Rico
    Longitude
    -66.0679947
    Latitude
    18.4119214

    Nearby Similar for Sale

    • $586,000
      Pending

      San Juan Retail/Office Opportunity

      Spacious commercial property near major roads, ideal for various businesses.
      1468 Paz Granela, San Juan, PR 00921
      View Details
    • $325,000
      6,190 SF

      Commercial Property Near Santa Rosa Mall

      Mixed-use property featuring apartments and commercial spaces in Bayamón.
      D4 Urb. Santa Cruz, Bayamon, PR 00956
      View Details
    • $1,100,000
      13.60 Acres

      Land with Structures and Utilities

      13.6 acre land suitable for cannabis or horse farm.
      Camino Entrada Al Lago, San Juan, PR 00926
      View Details
    • $450,000
      2,898 SF

      Multifamily Property with Independent Meters

      Five-unit multifamily property in Bayamón, PR, ideal for investors.
      13-21 Calle 8, Bayamon, PR 00959
      View Details
    • $3,000,000
      2,818 SF

      Historic Restaurant Business For Sale

      Colonial-era restaurant in San Juan, PR, with tax exemption.
      San Justo, San Juan, PR 00901
      View Details
    • $2,200,000
      7,467 SF

      Renovated Restaurant Building For Sale

      7,467 sq ft restaurant with 20-year lease in San Juan.
      2475 Loíza St, San Juan, PR 00913
      View Details
    • $225,000
      8,500 SF

      San Juan Commercial Space Opportunity

      8,500 sq ft commercial space in San Juan for sale.
      475 Calle Janda, San Juan, PR 00923
      View Details
    • $1,150,000
      4,815 SF

      Art Deco San Juan Commercial Building

      Remodeled Art Deco building in Santurce with restaurant and apartments.
      1812 Ave Ponce De Leon, San Juan, PR 00909
      View Details
    • $1,400,000
      2,521 SF

      Ocean Park Triplex Opportunity

      Multifamily property in desirable location, steps from the beach.
      24 Santa Cecilia St, San Juan, PR 00911
      View Details
    • $665,000
      6,063 SF

      Hato Rey Commercial Property

      Two-level commercial building in the Golden Mile district.
      151 Fd Roosevelt Ave. Ave, San Juan, PR 00918
      View Details
    • $3,495,000
      7,435 SF

      Remodeled Multifamily Property Near Beach

      Nine-unit multifamily property in San Juan, steps from the beach.
      8 Calle Tapia, San Juan, PR 00911
      View Details
    • $1,700,000
      7,800 SF

      Mixed-Use Building in San Juan

      Profitable 12-unit building in a strategic San Juan location.
      260 Constitucion, San Juan, PR 00901
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime land in Hato Rey, ideal for development.
    Where is this commercial land located?
    The property is located at #541-#559 San Juan, PR.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Prime location in Hato Rey, adjacent to Hospital del Maestro, La Merced Dev., Las Americas Expressway, and Manuel Domenech Ave.; - Substantial land area of approximately 4,549 sq meters, divided into 12 lots.; - Zoned R-4, offering various development possibilities for urban, residential, or mixed-use projects.
    (787) 444-6583
    Request Owner's contact information
    #541-#559 San Juan, PR 00918
    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.
    #541-#559
    San Juan, PR 00918
    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
    #541-#559 San Juan, PR 00918
    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

    We can help!
    Listing Contact
    Milton Serrano Lebron
    Real Estate License ID: 12272
    (787) 444-6583
    Learn more
    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.