Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8 Ave, Unit JUAN PONCE DE LEON San Juan, PR 00909

    Sponsored
    For Lease
    $4,499 /Mo

    Commercial Space - San Juan, PR

    Property size:
    1 SF
    Lot size:
    1.00 Acre
    Days on Market:
    4
    Last Refresh:
    Feb 22 at 3:06 pm

    Property Features for 8 Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    Parking
    5
    Size
    1 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1960
    Architectural style
    Other

    We can help!

    Listing Contact
    Antonio Irizarry Lugo

    RealtyBrokerPR.com (787) 552-8909

    Listing agent Antonio Irizarry Lugo (787) 552-8909

    Listing date Feb 19, 2026

    MLS# 63770 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

    San Juan Office Space Rental

    Commercial office space is available for rent in Cobian's Plaza, Santurce. The space offers 1,794 square feet. Rent includes utilities, though utility costs may vary annually. Utilities provided cover water for common areas and electricity for both the office and common areas. The space is equipped with individual air conditioning units and includes a private half-bathroom. Building amenities include security and a generator that services both the office and common areas. The rental includes 5 private parking spaces. Visitor parking is available by the hour or monthly for $80, subject to availability.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    San Juan
    County
    San Juan
    State
    Puerto Rico
    Longitude
    -66.06559753418
    Latitude
    18.444743839369

    Nearby Similar for Lease

    • $1,500 /Mo
      350 SF

      San Juan Office Space Available

      Modern office space in prime San Juan location for rent.
      8.3 Km Hm Calle Romerillo, San Juan, PR 00927
      View Details
    • New
      $4,500 /Mo
      938 SF

      Bayamón Commercial Space Available

      Commercial space in high-traffic area near Rexville Town Center.
      Local C. Carr. 467, Bayamon, PR 00957
      View Details
    • $33 SF/Yr
      95,184 SF

      SAN JUAN Office Spaces For Lease

      Class A office spaces available for lease in San Juan.
      290 S T. Piñero, San Juan, PR 00918
      View Details
    • $3,100 /Mo
      2,500 SF

      San Juan Commercial Space Available

      2500 sq ft commercial space in San Juan, PR.
      706 706 Ave. Ponce De LEÓN, San Juan, PR 00918
      View Details
    • $1,300 /Mo
      80 SF

      Equipped Private Office in Santurce

      Equipped private office for up to 4 people in Santurce.
      1605 Ave Ponce, San Juan, PR 00909
      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
    • $3,000 /Mo
      2,000 SF

      Versatile Office & Warehouse Space

      Combined office and warehouse space in a prime, accessible location.
      177 Calle Romerillo, San Juan, PR 00927
      View Details
    • $1,500 /Mo
      350 SF

      San Juan Office Space Available

      Modern office space in a prime San Juan location.
      8.3 Km Hm Calle Romerillo, San Juan, PR 00927
      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
    • $24 SF/Yr
      74,481 SF

      Remodeled Shopping Center with Offices

      Remodeled shopping center with offices on 65th Infantry Ave.
      90 Alondra St, San Juan, PR 00924
      View Details
    • $3,926 /Mo
      3,206 SF

      San Juan Warehouse with Mezzanine

      Spacious warehouse in San Juan, ideal for logistics and distribution.
      Km 25.1 Carr Pr, San Juan, PR 00926
      View Details
    • $3,500 /Mo
      1,333 SF

      Remodeled Medical Office in Bayamón

      Remodeled medical office space with modern amenities and convenient location.
      412 Calle Santa Cruz, Bayamon, PR 00960
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial office space for rent in Santurce, San Juan.
    Where is this office space located?
    The property is located at 8 Ave, Unit JUAN PONCE DE LEON San Juan, PR.
    What is the lease rate?
    The lease rate is $53,988.
    What are key features of this property?
    This property features: - Rent includes utilities (water, electricity, A/C) for office and common areas.; - Includes **5 private parking spaces**.; - Equipped with a **generator** for the office and common areas.
    (787) 552-8909
    Request Owner's contact information
    8 Ave, Unit JUAN PONCE DE LEON San Juan, PR 00909
    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.
    8 Ave, Unit JUAN PONCE DE LEON
    San Juan, PR 00909
    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
    8 Ave, Unit JUAN PONCE DE LEON San Juan, PR 00909
    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
    Antonio Irizarry Lugo
    (787) 552-8909
    Learn more
    Google sign-in failed. Please try again or use another login method.