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    304 Bo. Parguera Lajas, PR 00667

    Sponsored
    For Sale
    $625,000

    Commercial, Business For Sale,Commercial - Lajas, PR

    Property size:
    1,214 SF
    Lot size:
    442.00 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 8 at 4:06 am

    Property Features for 304 Bo. Parguera

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CT-1
    Interior features
    Storage Space
    Size
    1,214 SF
    Lot size
    442.00 Acres

    Building Details

    Year built
    2018
    Flooring type
    Tile, Tile - Ceramic, Wood
    Building materials
    Concrete
    Roof type
    Concrete, Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Maritza Rodriguez Santos

    Maritza Rodriguez Santos (787) 642-7415

    Listing agent Maritza Rodriguez Santos (787) 642-7415

    Listing date Jan 19, 2026

    MLS# 63302 Listing URL

    Copyright © 2026 Mid Island Association of REALTORS®. 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

    Remodeled Boutique Rental in Lajas

    Sirenas Boutique Rental is an elegant short-term rental property located in the heart of La Parguera, Lajas. This remodeled property offers stunning ocean views and combines modern comfort with a boutique ambiance. The property features a terrace with ocean views, ideal for entertaining. It includes three independent, remodeled villas, all equipped with air conditioning. The property is located in the heart of La Parguera, close to parking, restaurants, tours, and attractions. The 1,214 square-foot property sits on a 0.01014692378328742-acre lot. The property has CT-1 zoning and is suitable for short-term rentals, multifamily properties, residential income properties, hospitality properties, and bed & breakfasts. The property has an excellent track record and potential for short-term rentals, with the possibility of conversion to a Bed & Breakfast, subject to permits. This property is suited for investors seeking a boutique property ready to generate income in one of the most visited areas of Puerto Rico.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Lajas
    County
    Toa Alta
    State
    Puerto Rico
    Longitude
    -67.049047782823
    Latitude
    17.97404685851

    Nearby Similar for Sale

    • $2,500,000
      15,568 SF

      Hotel/Motel in Lajas, Puerto Rico

      Commercial hotel with pool, bar, and restaurant in Parguera.
      Pr-304 Ave, Lajas, PR 00667
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Elegant short-term rental property in La Parguera with ocean views.
    Where is this short term rental property located?
    The property is located at 304 Bo. Parguera Lajas, PR.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Prime location in the heart of La Parguera, close to attractions and amenities.; - Enjoy stunning ocean views from the property and terrace.; - Completely remodeled with a modern, boutique ambiance.
    (787) 642-7415
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    304 Bo. Parguera Lajas, PR 00667
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    Lajas, PR 00667
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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
    304 Bo. Parguera Lajas, PR 00667
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    We can help!
    Listing Contact
    Maritza Rodriguez Santos
    (787) 642-7415
    Learn more
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