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
    The Largest CRE Database in the US with Over 1 Million Listings

    650 Muñoz Rivera San Juan, PR 00918

    Sponsored
    For Lease
    $32 SF/Yr

    Office - SAN JUAN, PR

    Type:Office
    Property size:
    67,496 SF
    Lot size:
    1.00 Acre
    Days on Market:
    62
    Last Refresh:
    Feb 25 at 10:06 pm

    Property Features for 650 Muñoz Rivera

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    063-081-386-30-001
    Size
    67,496 SF
    Lot size
    1.00 Acre

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Leon Winer
    Leon Winer

    Winer Property Group (787) 632-4300

    Listing agent Leon Winer (787) 632-4300 License #03937

    Listing date Dec 26, 2025

    MLS# PR9118207 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

    Hato Rey Office Space

    650 Plaza is an office building situated in the center of Hato Rey, located steps away from the San Juan Judicial Center and train stations. The building provides spaces ranging from 1,100 to 4,000 square feet. It features a full power generator and amenities such as 24/7 security, fiber optic infrastructure, a coffee shop, gym, and supermarket. The property has a lot size of 1 acre and a total building size of 67,496 square feet. Parking is available for $110 per month.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    San Juan
    County
    San Juan
    State
    Puerto Rico
    Longitude
    -66.05708171
    Latitude
    18.41017207

    Nearby Similar for Lease

    • New
      $2,000 /Mo
      532 SF

      SAN JUAN Commercial Unit For Rent

      Second-floor commercial unit with offices, kitchen, bathroom, and balcony.
      477 Ave, San Juan, PR 00918
      View Details
    • New
      $3,500 /Mo
      1,109 SF

      Move-in Ready Guaynabo Office Space

      Spacious office in prime location with full power backup.
      501 Perseo St, San Juan, PR 00920
      View Details
    • $3,900 /Mo
      1,404 SF

      Modern Office Space in Guaynabo

      Spacious, flexible office space in a strategic, well-connected location.
      100 Centro Internacional De Mercadeo, Guaynabo, PR 00968
      View Details
    • $3,500 /Mo
      2,454 SF

      Prime Commercial Space in San Juan

      Versatile commercial space in high-traffic San Juan location.
      1107 Avenida Roosevelt, San Juan, PR 00920
      View Details
    • $1,200 /Mo
      288 SF

      Commercial Space in San Juan

      First-floor commercial space with private rooms near Ave. Roosevelt.
      477 Ave, San Juan, PR 00918
      View Details
    • $3,500 /Mo
      5,220 SF

      San Juan Commercial Building For Rent

      Commercial building in a super accessible area, ideal for business.
      Calle Loaiza Cordero, San Juan, PR 00918
      View Details
    • $1,500 /Mo
      4,058 SF

      Avenida Santa Juanita Commercial Space

      Move-in ready commercial space on Avenida Santa Juanita in Bayamón.
      SANTA JUANITA Bb 29 Ave, Bayamon, PR 00956
      View Details
    • $10 SF/Yr
      9,000 SF

      San Juan Office Space Available

      9000 square feet of office space for rent.
      11 Vela St, San Juan, PR 00917
      View Details
    • $10 SF/Yr
      9,000 SF

      SAN JUAN Mixed-Use Property

      Mixed-use property with warehouse and office space for rent.
      10 Vela St, San Juan, PR 00917
      View Details
    • $14 SF/Yr
      44,097 SF

      Bayamon Mixed-Use Property For Rent

      Office and retail spaces available in Bayamon, near Costco.
      111 Pr-174, Bayamon, PR 00959
      View Details
    • $30 SF/Yr
      100,000 SF

      Metro Office Park Office Space

      Office spaces available in Guaynabo's Metro Office Park.
      1 Calle 1, Guaynabo, PR 00966
      View Details
    • New
      $4,499 /Mo
      1 SF

      San Juan Office Space Rental

      Commercial office space for rent in Santurce, San Juan.
      8 Ave, San Juan, PR 00909
      View Details

    FAQs

    What type of property is this?
    Office building - Office spaces available in Hato Rey with first-class amenities.
    Where is this office building located?
    The property is located at 650 Muñoz Rivera San Juan, PR.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Prime Hato Rey location, central to the San Juan Judicial Center and train stations.; - Benefit from **24/7 security for enhanced safety and peace of mind.**; - **Full power generator ensures business continuity.**
    (787) 632-4300
    Request Owner's contact information
    650 Muñoz Rivera San Juan, PR 00918
    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.
    650 Muñoz Rivera
    San Juan, PR 00918
    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
    650 Muñoz Rivera San Juan, PR 00918
    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
    Leon Winer
    Leon Winer
    Real Estate License ID: 03937
    (787) 632-4300
    Learn more
    Google sign-in failed. Please try again or use another login method.