Sign Up Successful!
You now have access to more from Realmo!
    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

    24 Ridge Top Dr, Unit Top Humacao, PR 00791

    Sponsored
    For Sale
    $449,000

    Vacant Land - Humacao, PR

    Lot size:
    0.49 Acres
    Days on Market:
    183
    Last Refresh:
    Jan 28 at 9:06 am

    Property Features for 24 Ridge Top Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    354-062-374-24-000
    Parking features
    Garage
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Expense value
    90
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carlos Dominguez

    eXp Realty Puerto Rico

    Listing agent Carlos Dominguez (939) 697-6300

    Listing date Jul 30, 2025

    MLS# 11545986 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.

    Learn more

    Overview

    Land in Palmas del Mar

    This 1,996.2 square meter lot is located on Ridgetop in Palmas del Mar. The property offers elevation and panoramic views. It is positioned along one of the most coveted streets in the community, providing a setting for building a custom home that blends privacy, luxury, and natural beauty. Palmas del Mar is a master-planned, gated community known for its landscapes, access to amenities, and coastal lifestyle. Residents have access to over 2,700 acres of grounds, two championship golf courses, tennis and pickleball courts, a beach club, equestrian center, marina, and walking trails. Lot #24 presents a canvas for designing a primary residence, vacation getaway, or investment property. Utilities are available, and architectural guidelines are in place to preserve the harmony and appeal of the area. Ridgetop is known for its limited availability and elevated positioning.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Humacao
    County
    Humacao
    State
    Puerto Rico
    Longitude
    -65.800711
    Latitude
    18.071744

    Nearby Similar for Sale

    • $190,000
      1,525 SF

      Mixed-Use Property in Humacao's Heart

      Commercial investment opportunity in Humacao's historic urban district.
      #2 Calle Padre Rivera WEST, Humacao, PR 00791
      View Details
    • New
      $975,000
      4,818 SF

      Turnkey Boutique Hotel in Humacao

      Income-producing commercial property with hotel, restaurant, and apartments in Humacao.
      2 Gregorio Agosto Ave, Humacao, PR 00791
      View Details
    • $270,000
      0.03 Acres

      Marina Lot in Palmas del Mar

      Marina lot with concrete dock in private boating community.
      Isla San Miguel, Humacao, PR 00791
      View Details
    • $750,000
      4,100 SF

      Mixed-Use Commercial Space on PR #3

      Mixed-use property with warehouse and commercial space on PR #3.
      3 Bo. Cataño, Humacao, PR 00791
      View Details
    • $1,150,000
      2,384 SF

      Remodeled Residence in Flamboyan Greens

      Remodeled residence with top-of-the-line finishes, design, comfort, and exclusivity.
      34 Flamboyan Grn, Humacao, PR 00791
      View Details
    • $975,000
      19,230 SF

      Humacao Commercial Property For Sale

      19,230 square foot commercial property in Humacao, Puerto Rico.
      ANTONIO LÓPEZ ESQUINA CALLE ESMERALDA A LA ESQUINA CALLE TURQUESA Ave, Humacao, PR 00791
      View Details
    • $145,000
      2,070 SF

      Two-Story Commercial Building in Humacao

      Two-story commercial building in Humacao's historic old town.
      52 Dolores Cabrera St, Humacao, PR 00791
      View Details

    FAQs

    What type of property is this?
    Land - Spacious lot with panoramic views in a master-planned community.
    Where is this land located?
    The property is located at 24 Ridge Top Dr, Unit Top Humacao, PR.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Rare 1,996.2 sq meter lot in desirable Ridgetop, Palmas del Mar.; - Breathtaking panoramic views from elevated position.; - Located in a master-planned, gated community with 2,700 acres of grounds.
    (939) 697-6300
    Request Owner's contact information
    24 Ridge Top Dr, Unit Top Humacao, PR 00791
    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.
    24 Ridge Top Dr, Unit Top
    Humacao, PR 00791
    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
    24 Ridge Top Dr, Unit Top Humacao, PR 00791
    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
    Carlos Dominguez
    (939) 697-6300
    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.