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    132 Community Clark Culebra, PR 00775

    Sponsored
    For Sale
    $670,000

    Quadruplex - CULEBRA, PR

    Type:Quadruplex
    Property size:
    2,000 SF
    Lot size:
    0.17 Acres
    Days on Market:
    38
    Last Refresh:
    Jan 21 at 12:06 am

    Property Features for 132 Community Clark

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    RESIDENTIA
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    476-002-003-26-000
    Parking features
    Driveway, Guest, Off Street, On Street, Open
    Interior features
    Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Primarybedroom Upstairs
    Exterior features
    Level, Paved, Outbuildings, Awning(s), Balcony, Fence
    Fencing
    Fenced
    Appliances
    Cooktop, Dryer, Microwave, Range, Refrigerator
    Size
    2,000 SF
    Lot size
    0.17 Acres

    Utilities

    Cooling system
    Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2003
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Concrete
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Michael McCarty

    Michael McCarty Real Estate (787) 398-3174 [email protected]

    Listing agent Michael McCarty (787) 398-3174 License #11386

    Listing date Dec 15, 2025

    MLS# PR9109980 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

    Culebra Quadruplex Investment Opportunity

    Located on the island of Culebra, Puerto Rico, this property, known as Casa Pana, features four units on approximately 1/8th of an acre. Situated in a central location just six blocks from Dewey, the town center, the property has operated as an Airbnb rental since 2003. The main building includes a three-bedroom, two-bath apartment on the second floor, named "Grande," and two studio apartments on the first floor, named "Pelicano" and "Carey." Adjacent to the main building is the "Casita," a one-bedroom apartment. There are three patios: one to the right side of the main building, one in the back of the main building, and one behind the Casita, plus a rooftop patio on top of the Casita, accessible from the entrance landing for Grande. The property is located within 6 miles of Datillas Beach (1 1/4 miles), Flamenco Beach (2 miles), Tamarindo Beach (2 miles), Brava Beach (3 1/4 miles), Soldier's Point Beach (3 1/2 miles), and Zoni Beach (5 1/4 miles). Casa Pana's location provides easy access to amenities and services, including government, public, police, fire, transportation, post office, school, hospital, banking, churches, vehicle repair, grocery stores, gift shops, dive shops, docks, tours, restaurants and nightlife. It is located three blocks from the Culebra airport and 3/4 mile from the Culebra ferry dock and terminal. The property is suitable as an investment rental or for living in one unit and renting the other three.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Culebra
    County
    Culebra
    State
    Puerto Rico
    Longitude
    -65.303797
    Latitude
    18.30963

    Nearby Similar for Sale

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      4,300 SF

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    • $2,200,000
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      Culebra Apartment Complex Investment Opportunity

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in central Culebra, near beaches and town amenities.
    Where is this quadplex located?
    The property is located at 132 Community Clark Culebra, PR.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: - Established Airbnb rental property since 2003 with income potential.; - Prime central location: just 6 blocks from Dewey (town center) providing easy access to all amenities and services.; - Close proximity to world-renowned beaches, including Flamenco Beach (2 miles).
    (787) 398-3174
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    132 Community Clark Culebra, PR 00775
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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
    132 Community Clark Culebra, PR 00775
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    We can help!
    Listing Contact
    Michael McCarty
    Real Estate License ID: 11386
    (787) 398-3174
    Learn more
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