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    Bo Carrizales Hatillo, PR 00659

    Sponsored
    For Sale
    $2,900,000

    Land - HATILLO, PR

    Lot size:
    4.93 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 28 at 3:06 am

    Property Features for Bo Carrizales

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CTI
    APN
    011-037-100-03
    Lot size
    4.93 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ida Maldonado Rivera

    KW Grand Homes (787) 410-2929

    Listing agent Ida Maldonado Rivera (787) 706-8400 License #23506

    Listing date Feb 15, 2026

    MLS# PR9119317 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

    Prime Land Parcels in Hatillo

    This strategic development opportunity consists of three land parcels identified as Parcel A, Parcel B, and Parcel C (Finca C), located in Carrizales Ward, Municipality of Hatillo, Puerto Rico. The area is designated for commercial and tourism-related development according to current zoning classifications. According to title records, the property contains approximately 5.54 acres, offering flexibility for integrated planning and scalable development. The assemblage allows multiple layout configurations suitable for commercial, tourism, or service-oriented projects, subject to applicable permits. Parcel C (Finca C) features direct frontage along State Road PR-2, providing strategic visibility, vehicular accessibility, and commercial exposure. The property also offers ocean views, enhancing its scenic value and potential appeal for hospitality and tourism-oriented developments. The zoning classification is CT-I (Intermediate Commercial Tourist) with land use classification PT and PUT as SU (Urban Land). It is within the Overlay District APE-ZC (Karst Special Planning Area) and is not located within a floodway. It is subject to the Puerto Rico Land Use Plan, Tourism Interest Zones incorporated into the current Joint Regulation, and the Karst Special Planning Area Plan and Regulations (PRAPEC). Permitted uses include hotel, eco-lodging, tourist villas, condo-hotel, short-term lodging, professional offices, financial institutions, restaurants, retail uses, art galleries, gyms, daycare centers, vehicle rental, startups, specialized lodging, and compatible tourism-related uses, subject to applicable regulations. Parcel C (Finca C) has strategic frontage along PR-2 with existing structures as shown on the survey plan. Parcel B is the primary parcel as described in title records, and Parcel A is a complementary parcel with public road access. The combination of commercial-tourism zoning, significant land area, ocean views, and prime roadway exposure presents characteristics suitable for hospitality, commercial, service, and tourism-oriented development evaluation, subject to permits and approvals.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hatillo
    County
    Fajardo
    State
    Puerto Rico
    Longitude
    -66.6173049
    Latitude
    18.47583772

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    FAQs

    What type of property is this?
    Commercial land - Development opportunity in Hatillo, Puerto Rico with commercial-tourism zoning.
    Where is this commercial land located?
    The property is located at Bo Carrizales Hatillo, PR.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Strategic frontage on State Road PR-2 provides **high visibility and accessibility**.; - Zoned CT-I (Intermediate Commercial Tourist) allowing for a wide range of permitted uses including hotel, retail, and restaurants.; - Approximately 5.54 acres of land offering flexibility for scalable development.
    (787) 512-2398
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    Bo Carrizales Hatillo, PR 00659
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    Hatillo, PR 00659
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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
    Bo Carrizales Hatillo, PR 00659
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    We can help!
    Listing Contact
    Ida Maldonado Rivera
    Real Estate License ID: 23506
    (787) 512-2398 (787) 706-8400
    Learn more
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