Add Listing
    For Sale
    • 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

    CANDELERO ABAJO LOT B-3 Humacao 00791

    View on Map
    Pending
    $2,200,000

    Land - HUMACAO, PR

    Lot size:
    5.82 Acres
    Added:
    Sep 2, 2024
    Days on Market:
    579
    Last Refresh:
    Apr 3 at 2:06 pm

    Property Features for CANDELERO ABAJO LOT B-3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PDMI
    Pets allowed
    No
    Standard status
    Pending
    APN
    330-000-006-57-000
    Lot size
    5.82 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rogelio Fernandez

    Listing agent Rogelio Fernandez License #3673

    Listing office ARK REAL ESTATE 1666 Ave. Ponce de Leon, San Juan

    Listing date Sep 2, 2024

    MLS# PR9108559 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.

    Overview

    Land with Caribbean Sea Views

    This 5.82-acre hilltop lot is located in Palmas del Mar. It offers views of the Caribbean Sea and Vieques Island. The property is situated within a gated community that provides 24/7 security. Amenities include access to two golf courses, a marina, tennis courts, and beach clubs. Underground utilities are in place, facilitating development. The location is approximately 45 minutes from San Juan. The zoning is PDMI, making it suitable for a luxury home or residential project.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Humacao
    County
    Humacao
    State
    Longitude
    -65.8294
    Latitude
    18.1494

    Nearby Similar for Sale

    • $1,300,000
      2,237 SF

      Functional Office Condominium in Humacao

      Office condominium in Palmanova Plaza, Palmas Del Mar.
      295 PALMAS INN WAY, HUMACAO, 00791
      View Details
    • $349,000

      Commercial Property in Humacao, PR

      Commercial property suitable for professional office use in Humacao.
      60 DUFRESNE, HUMACAO, 00791
      View Details
    • $750,000
      4,100 SF

      Mixed-Use Commercial Space on PR #3

      Mixed-use property with warehouse and commercial space on PR #3.
      Km 85.9 PR # 3 BO. CATAÑO, HUMACAO, 00791
      View Details
    • $975,000
      4,818 SF

      Turnkey Boutique Hotel in Humacao

      Income-producing commercial property with hotel, restaurant, and apartments in Humacao.
      2 GREGORIO AGOSTO AVE., HUMACAO, 00791
      View Details
    • $190,000
      1,525 SF

      Mixed-Use Property in Humacao's Heart

      Commercial investment opportunity in Humacao's historic urban district.
      #2 CALLE PADRE RIVERA WEST, HUMACAO, 00791
      View Details
    • $795,000

      Ocean View Residential Land

      Buildable lot near beach with access to resort amenities.
      * SURFSIDE, HUMACAO, 00791
      View Details
    • $975,000
      19,230 SF

      Humacao Commercial Property For Sale

      19,230 square foot commercial property in Humacao, Puerto Rico.
      0 AVE. ANTONIO LÓPEZ ESQUINA CALLE ESMERALDA A LA ESQUINA CALLE TURQUESA , HUMACAO, Humacao, 00791
      View Details
    • $89,000

      Land for Development in Humacao

      2,805 sq m land ideal for residential or commercial development.
      924 BO. COLLORES, Humacao, 00791
      View Details
    • $495,000

      Isla San Miguel Marina Homesite

      Premium marina homesite and boatslip in Isla San Miguel.
      9 ISLA SAN MIGUEL, HUMACAO, 00791
      View Details
    • $485,000

      Land in Harbour View

      Opportunity to build your dream home in Palmas del Mar.
      HARBOUR VIEW, HUMACAO, 00791
      View Details
    • $420,000

      Palmas del Mar Vacant Lot

      Vacant lot in Palmas del Mar Beach Resort.
      15-A HARBOUR DRIVE STREET, Palmas, Humacao, 00791
      View Details
    • $975,000

      Corner Lot in Palmas del Mar

      Exclusive corner lot with ocean and marina views.
      PALMAS DRIVE, HUMACAO, 00791
      View Details

    FAQs

    What type of property is this?
    Land - 5.82-acre hilltop lot in Palmas del Mar.
    Where is this land located?
    The property is located at CANDELERO ABAJO LOT B-3 Humacao.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Breathtaking Caribbean Sea and Vieques Island views from a hilltop location.; Located in Palmas del Mar, a gated community with 24/7 security.; Access to exclusive amenities: two golf courses, a marina, tennis courts, and beach clubs.
    (787) 632-7009
    We can help!
    Listing Contact
    Rogelio Fernandez
    Real Estate License ID: 3673
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!