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

    2 CALLE HOGAR EL PARAISO Vega Alta 00692

    View on Map
    Claim this Listing
    For Sale
    $5,000,000

    Land - VEGA ALTA, PR

    Lot size:
    20.00 Acres
    Added:
    Feb 10, 2021
    Days on Market:
    1887
    Last Refresh:
    Apr 12 at 3:06 pm

    Property Features for 2 CALLE HOGAR EL PARAISO

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    975-632-895-08-963
    Lot size
    20.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Leon Winer
    Leon Winer

    Listing agent Leon Winer License #03937

    Listing office WINER PROPERTY GROUP PO Box 190858

    Listing date Feb 10, 2021

    MLS# PR9092671 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.

    Overview

    20 Acre Residential Development Land

    This 20-acre lot, zoned DTS, is located in Vega Alta, PR, near Brenas and Cerrromar beaches and next to Lakeside Villas. The property is suitable for residential development.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Vega Alta
    County
    Toa Baja
    State
    Longitude
    -66.3319
    Latitude
    18.4144

    Nearby Similar for Sale

    • $890,000
      5,099 SF

      Vega Alta Mixed-Use Venue

      Mixed-use property in Vega Alta, operating as an event venue.
      690 LOS NABORIAS STREET, VEGA ALTA, 00692
      View Details
    • $755,000
      24,130 SF

      Vega Alta Commercial Building

      Commercial building in Vega Alta, PR, near transportation.
      647 CARR CANDELARIA, Vega Alta, 00692
      View Details
    • $110,000

      Land in Vega Alta

      2.94 acres of land in Vega Alta, Puerto Rico.
      BARRIO CANDELARIA, VEGA ALTA, 00692
      View Details
    • $95,000

      Land Parcel in Vega Alta

      Approximately 0.45-acre parcel ideal for private estate or development.
      647 BO CANDELARIA, Candelaria, Vega Alta, 00692
      View Details
    • $220,000

      9.5 Acres Vacant Land

      9.5-acre lot in Vega Alta, PR. Ideal for investment.
      647. Km 7.9 LA CANDELARIA, Vega Alta, 00692
      View Details
    • $1,600,000

      Land in Cove by The Sea

      1.54-acre lot with development potential in Vega Alta, PR.
      PR 6690, VEGA ALTA, 00692
      View Details
    • $175,000

      Vega Alta Vacant Land

      Spacious lot in Vega Alta, ideal for development.
      PR 647 CALLE LIRIOS, Candelaria, Vega Alta, 00692
      View Details
    • $52,000

      Land in Vega Alta

      Land for sale, ideal for agricultural or residential use.
      CARR 647 BO. CANDELARIA LOTE D, VEGA ALTA, 00692
      View Details
    • $5,000,000

      20-Acre Residential Development Land

      20 acre lot suitable for residential development near beaches.
      CALLE HOGAR EL PARAISO, VEGA ALTA, 00692
      View Details
    • $400,000

      38 Cuerdas Land in Vega Alta

      38 Cuerdas in Vega Alta, PR, suitable for various uses.
      KM. 1.8 PR-678, VEGA ALTA, 00692
      View Details

    FAQs

    What type of property is this?
    Land - 20 acre lot suitable for residential development near beaches.
    Where is this land located?
    The property is located at 2 CALLE HOGAR EL PARAISO Vega Alta.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 20 acre lot suitable for residential development; Zoned DTS, likely desirable zoning for development; Located near Brenas and Cerrromar beaches
    (787) 632-4300
    We can help!
    Listing Contact
    Leon Winer
    Leon Winer
    Real Estate License ID: 03937
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!