Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11 Las Vegas Development Catano, PR 00962

    View on Map
    Sponsored
    For Sale
    $191,000

    Mixed Use - CATANO, PR

    Type:Mixed Use
    Property size:
    680 SF
    Lot size:
    0.06 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 18 at 6:06 am

    Property Features for 11 Las Vegas Development

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    C-I
    APN
    061-017-194-62-001
    Size
    680 SF
    Lot size
    0.06 Acres

    Building Details

    Year built
    1970
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Milton Serrano Lebron

    Reality Realty (787) 444-6583

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

    Listing date Mar 13, 2026

    MLS# PR9119899 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

    Mixed-Use Property with Commercial Space

    This mixed-use property features a commercial space of approximately 680 square feet, currently leased and operating as a barbershop. The commercial space includes one full bathroom, an additional area suitable for storage or other purposes, and four parking spaces. The residential unit offers a living room, dining room, and kitchen, along with two bedrooms that have the potential to be converted into three, and one bathroom. An additional room is ideal for an office or storage. A laundry area and a spacious balcony that wraps around two sides of the unit provide excellent ventilation and natural light. The property is located in a central and easily accessible area, near major roadways such as Expressway 22 and Río Hondo Expressway. It is also close to schools, supermarkets, pharmacies, medical services, and recreational areas. This property is ideal for investors, entrepreneurs, or families who wish to combine home and business in one place or generate income through commercial rental. The lot size is 0.06 acres and the property is located in Cataño, PR.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Catano
    County
    San Juan
    State
    Puerto Rico
    Longitude
    -65.14581064
    Latitude
    18.43248475

    Nearby Similar for Sale

    • $4,800,000
      46,015 SF

      Retail Shopping Center in Catano

      Fully occupied shopping center for sale in Catano, Puerto Rico.
      1 Boulevard Dr, Catano, PR 00962
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring commercial space and residential unit.
    Where is this mixed-use property located?
    The property is located at 11 Las Vegas Development Catano, PR.
    What is the asking price?
    The asking price for this property is $191,000.
    What are key features of this property?
    This property features: - Commercial space (680 sq ft) currently leased as a barbershop, providing immediate income potential.; - Prime location with easy access to Expressway 22 and Río Hondo Expressway, near essential amenities.; - Residential unit with **two bedrooms (convertible to three)**, offering flexibility for family living.
    (787) 444-6583
    Request Owner's contact information
    11 Las Vegas Development Catano, PR 00962
    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.
    11 Las Vegas Development
    Catano, PR 00962
    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
    11 Las Vegas Development Catano, PR 00962
    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 (787) 745-8777
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!