Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    220 Carr, Unit 2 Ponce, PR 00733

    Sponsored
    For Lease
    $2,000 /Mo ($12 SF/Yr)

    Hotel/Motel - PONCE, PR

    Property size:
    1,925 SF
    Lot size:
    128.48 Acres
    Days on Market:
    395
    Last Refresh:
    Jan 18 at 11:06 am

    Property Features for 220 Carr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    411-000-007-01-040
    Size
    1,925 SF
    Lot size
    128.48 Acres

    Building Details

    Year built
    1970
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Uma Blasini

    Blasini Realty Group (178) 760-0188 [email protected]

    Listing agent Uma Blasini (787) 600-1882 License #20671

    Listing date Dec 20, 2024

    MLS# PR9103223 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

    Hotel Retail Space For Rent

    This 1925 square foot retail space is located within the Solace by the Sea Hotel in Ponce, PR. The space is ideal for a spa, microblading or eyelash studio, or other retail use. It offers direct access to the hotel pool and includes ample, free parking for clients. The rent covers the cost of water and electricity. The hotel is located at Km 220 CARR #2, PONCE, 00733 and the lot size is 128.48 acres.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Ponce
    County
    Ponce
    State
    Puerto Rico
    Longitude
    -66.67574947
    Latitude
    17.97217395

    Nearby Similar for Lease

    • $4,500 /Mo
      3,983 SF

      Ponce Commercial Premises For Rent

      Commercial premises for rent in Ponce, ready to occupy.
      1 Blq A Jardines De Fagot, Ponce, PR 00716
      View Details
    • $2,000 /Mo
      9,416 SF

      Renovated Commercial Space in Ponce

      Spacious, renovated commercial property in Ponce's Historic District.
      2844 Ave Roosevelt, Ponce, PR 00716
      View Details
    • $900 /Mo
      1,925 SF

      Retail Space in Solace Hotel

      Retail space ideal for spa, studio, or aesthetic services.
      220 Carr, Ponce, PR 00733
      View Details
    • $700 /Mo
      750 SF

      Ponce Retail Space For Rent

      Open-concept commercial space in prime location near Patriots Park.
      8 Cristina, Ponce, PR 00716
      View Details
    • $5,000 /Mo
      1,229 SF

      Renovated Office Space in Ponce

      Fully renovated office space with parking on Avenida Las Américas.
      2822 Ave, Ponce, PR 00717
      View Details
    • $4,500 /Mo
      15,000 SF

      Equipped Restaurant Space in Ponce

      Restaurant space for rent in Hotel Fox, Ponce, Puerto Rico.
      86 Calle Reina St, Ponce, PR 00730
      View Details
    • $1,400 /Mo
      15,000 SF

      Themed Hotel Multi-Family Rental

      Multi-family rental in themed hotel, heart of Ponce.
      86 Reina St, Ponce, PR 00730
      View Details
    • $2,000 /Mo
      200 SF

      Meliá Hotel Restaurant Space

      Restaurant space for rent in the emblematic Meliá Hotel.
      75 Calle Cristina, Ponce, PR 00730
      View Details
    • $8 SF/Yr
      40,000 SF

      Ponce Warehouse in Reparada Park

      40,000 SF warehouse for rent in Ponce.
      20 Reparada Industrial Park, Ponce, PR 00731
      View Details
    • $1,800 /Mo
      100 SF

      Space in Themed Ponce Hotel

      Business premises for rent inside the Fox Hotel in Ponce.
      1 C. Isabel Muñoz Rivera, Ponce, PR 00730
      View Details
    • $1,800 /Mo
      90 SF

      Ponce Bar For Rent

      Bar for rent in front of Plaza de Ponce.
      C. Isabel-Muñoz Rivera C. Isabel-Muñoz Rivera, Ponce, PR 00730
      View Details
    • $3,000 /Mo
      4,500 SF

      Corner Commercial Property in Ponce

      Large mixed-use property with parking near Plaza las Delicias.
      2 Edificio Zamora Mayor Cantera St, Ponce, PR 00730
      View Details

    FAQs

    What type of property is this?
    Hotel - Retail space available within a hotel, ideal for spa.
    Where is this hotel located?
    The property is located at 220 Carr, Unit 2 Ponce, PR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Direct access to the hotel pool.; - Ideal for a SPA, Microblading or eyelash studio.; - Rent includes water and electricity.
    (787) 600-1882
    Request Owner's contact information
    220 Carr, Unit 2 Ponce, PR 00733
    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.
    220 Carr, Unit 2
    Ponce, PR 00733
    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
    220 Carr, Unit 2 Ponce, PR 00733
    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
    Uma Blasini
    Real Estate License ID: 20671
    (787) 600-1882
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.