Add Listing
    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

    205 Cond. Profesional Mayaguez 00681

    View on Map
    For Sale
    $128,000

    Commercial Building - Mayaguez, PR

    Property size:
    621 SF
    Added:
    Mar 26, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 8 at 4:06 am

    Property Features for 205 Cond. Profesional

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Garage
    Standard status
    Active
    Size
    621 SF

    Taxes and HOA fees

    Tax Annual Amount
    0
    Expense value
    81
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ernesto Yunes Mendez

    Listing agent Ernesto Yunes Mendez

    Listing office Ernesto Yunes Bienes Raíces PO Box 869, Mayaguez

    Listing date Mar 26, 2026

    MLS# 11680358 Listing URL

    Copyright © 2026 My State 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

    Mayaguez Office in Condo Profesional

    This 621 sq ft office space is located in the Condo Profesional at 70 Mendez Vigo Street in Mayaguez, PR. The unit includes one full bathroom and one parking space. The building features an elevator and is situated in downtown Mayaguez. The monthly HOA fee is $81.00.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Mayaguez
    County
    Toa Baja
    State
    Longitude
    -67.0824
    Latitude
    18.1211

    Nearby Similar for Sale

    • $65,000
      665 SF

      Medical Office in Mayaguez

      Medical office space for sale in a prime location.
      25 EDIFICIO MEDICO IV-CALLE DR. BASORA, Mayaguez, 00682
      View Details
    • $485,000
      11,335 SF

      Mayaguez Mixed-Use Investment Opportunity

      Mixed-use commercial and residential property in the heart of Mayaguez.
      369 CALLE RAMON E BETANCES, BO. PUEBLO, MAYAGÜEZ, Mayaguez, 00680
      View Details
    • $375,000
      5,292 SF

      Mixed-Use Building in Mayaguez, PR

      Two-story mixed-use building with commercial spaces and residential unit.
      0 CALLE SANTIAGO RIERA PALMER, Mayaguez, 00680
      View Details
    • $600,000
      24,000 SF

      Mayaguez Building with Elevator

      Four-story corner building with basement and elevator in Mayaguez.
      38 CALLE SAN RAFAEL, MAYAGUEZ, PR, Mayaguez, 00680
      View Details
    • $350,000
      6,000 SF

      Corner Commercial Property in Mayaguez

      Two-story, 6,000+ sq ft commercial property on Aduana Street.
      305 CALLE ADUANA, ESQ. UNION, PROPIEDAD COMERCIAL, 2 PISOS CON + DE 6000 P/C, Mayaguez, 00680
      View Details
    • $113,000
      700 SF

      Finished Office Space in Mayaguez

      700 sq ft office space with private parking.
      0 MENDEZ VIGO, Mayaguez, 00680
      View Details
    • $295,000
      21,527 SF

      Established Auto Parts Business

      Auto parts business with GM license and established clientele.
      Autoparts CON CATALOGO EXCLUSIVO, Mayaguez, 00682
      View Details
    • $80,000
      1,935 SF

      Mayaguez Commercial Property For Sale

      Commercial property with potential for multifamily conversion in Mayaguez.
      57 LOMAS BONITAS, Mayaguez, 00680
      View Details
    • $800,000
      4,000 SF

      Mayaguez Apartment Buildings For Sale

      Three buildings with multiple apartments and ample parking.
      km 4.5 BO. GUANAJIBO, Mayaguez, 00680
      View Details

    FAQs

    What type of property is this?
    Office units - 621 sq ft office space with parking in Mayaguez.
    Where is this office units located?
    The property is located at 205 Cond. Profesional Mayaguez.
    What is the asking price?
    The asking price for this property is $128,000.
    What are key features of this property?
    This property features: Prime location in Mayaguez Downtown; Office space of 621 sq ft; Includes 1 dedicated parking space
    (787) 647-5264
    We can help!
    Listing Contact
    Ernesto Yunes Mendez
    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!