Fully Renovated Single-Level Office Building

501 CENTRO ALTAMIRA San Juan 00922

Claim this Listing
For Sale
$1,995,000

Business - SAN JUAN, PR

Type:Business
Property size:
8,700 SF
Lot size:
0.19 Acres
Price / SF:
$229/SF
Added:
Jun 8, 2026
Days on Market:
35
Last Refresh:
Jul 12 at 3:06 am

Property Features for 501 CENTRO ALTAMIRA

General Information

Property type
Commercial Sale
Property subtype
Business
Standard status
Active
APN
08601348321001
Size
8,700 SF
Lot size
0.19 Acres

Utilities

Cooling system
Central Air

Building Details

Year built
1984
Building materials
Concrete
Architectural style
Other

Listing agent Javi Rodriguez License #16784

Listing office MICORREDOR.COM Cascada M-23, San Juan

Listing date Jun 8, 2026

MLS# PR9121942 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.


Investment Insights

Based on property information with market context.

This fully renovated commercial office building is offered as a single-level space totaling approximately 8,750 square feet. The interior includes more than 20 private offices, two fully equipped kitchens, and five bathrooms. Infrastructure upgrades are a key feature, with completely remodeled electrical and plumbing systems, along with a backup generator and cistern. The property also includes on-site parking with 19 spaces, supporting day-to-day access for staff and visitors.

The building is located in Guaynabo’s central and accessible business area, at 501 Centro Altamira, Calle Perseo, San Juan, 00922. The listing emphasizes a functional, move-in-ready setup in a commercially oriented corridor.

With its office and service-ready layout, the building is positioned for a range of professional uses, including corporate offices, medical or other professional services, insurance operations, call centers, and educational institutions. For tenants and buyers looking for a remodeled, single-level configuration with dedicated workspaces, multiple kitchens, upgraded building systems, and available parking, this property provides a practical platform to operate immediately.

Key Highlights

  • Single‑level commercial office building built in 1984 with approximately 8,750 SF and a concrete construction exterior
  • More than 20 private offices plus 5 bathrooms, designed for office or professional use
  • Two fully equipped kitchens for staff and client‑facing operations

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $182.7k $21.00
− Vacancy −$22.3k −$2.56
EGI $160.4k $18.44
− OpEx −$40.1k −$4.61
NOI $120.3k $13.83
8,700 SF · lease $21.00/SF/yr · vacancy 12.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.72M
$1.50M – $2.01M (±1% cap)
NOI $120,308 @ 7.0% cap · market cap 6.03%
Second Best
Healthcare Medical
$1.70M
$1.49M – $1.99M (±1% cap)
NOI $119,267 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$2.13M
$1.86M – $2.48M (±1% cap)
NOI $149,083 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Office buildings

FAQs

What type of property is this?
Office building - Single-level office building with 20+ private offices, multiple kitchens, and on-site power backup plus parking.
Where is this office building located?
The property is located at 501 CENTRO ALTAMIRA San Juan.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Single‑level commercial office building built in 1984 with approximately 8,750 SF and a concrete construction exterior; More than 20 private offices plus 5 bathrooms, designed for office or professional use; Two fully equipped kitchens for staff and client‑facing operations
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