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    2 Estructuras Int. Bo. Algarrobo Vega Baja, PR 00693

    Sponsored
    For Lease
    $4,000 /Mo ($11 SF/Yr)

    Business - VEGA BAJA, PR

    Type:Business
    Property size:
    4,246 SF
    Lot size:
    0.37 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 17 at 3:06 pm

    Property Features for 2 Estructuras Int. Bo. Algarrobo

    General Information

    Property type
    Commercial Lease
    Property subtype
    Business
    Standard status
    Active
    APN
    035-072-003-67-001
    Size
    4,246 SF
    Lot size
    0.37 Acres

    Utilities

    Cooling system
    Central Air, Ductless, Multi Units

    Building Details

    Year built
    1985
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Concrete
    Roof type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Eduardo Irizarry Caban

    Caribbean Realty (787) 562-4257

    Listing agent Eduardo Irizarry Caban (787) 269-1010 License #C-8824

    Listing date Feb 12, 2026

    MLS# PR9119280 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

    Vega Baja Rental Opportunity

    This rental property in Vega Baja features two structures totaling 2,246 square feet and includes over 40 parking spaces. The property is distributed with 1,218 square feet on the first level and 1,069 square feet on the second level. It also features a terrace and balcony. It includes a 40KW generator, water cistern, and water softener. Appliances included are 1 central air conditioner and 5 split units. The property also features private garages. Situated on 0.37 acres, this property is located in a prime area of Vega Baja. Improvements are negotiable according to the future tenant's needs, with rental credit available.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Vega Baja
    County
    Toa Baja
    State
    Puerto Rico
    Longitude
    -66.384396
    Latitude
    18.451883

    Nearby Similar for Lease

    • $22 SF/Yr
      9,500 SF

      Vega Baja Mixed-Use Property

      Shopping center and professional building in Vega Baja, PR for rent.
      2 Pr Hwy, Vega Baja, PR 00693
      View Details

    FAQs

    What type of property is this?
    Retail space - Two structures with parking in prime Vega Baja location.
    Where is this retail space located?
    The property is located at 2 Estructuras Int. Bo. Algarrobo Vega Baja, PR.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Over 40 parking spaces; - Two structures on the property; - Includes a 40KW generator
    (787) 269-1010
    Request Owner's contact information
    2 Estructuras Int. Bo. Algarrobo Vega Baja, PR 00693
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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
    2 Estructuras Int. Bo. Algarrobo Vega Baja, PR 00693
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    We can help!
    Listing Contact
    Eduardo Irizarry Caban
    Real Estate License ID: C-8824
    (787) 269-1010
    Learn more
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