Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Development Land Near Marina Title is generated by Realmo AI

    Km 49.7 CARR PR #3, Fajardo 00738

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    Vacant Lot - Fajardo, Fajardo, PR

    Lot size:
    61,856.00 Acres
    Added:
    Sep 15, 2025
    Days on Market:
    246
    Last Refresh:
    May 18 at 12:06 pm

    Property Features for Km 49.7 CARR PR #3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    61,856.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Orbe Soto

    Listing agent Orbe Soto

    Listing office Keller Williams Grand Homes Aldebaran 612, San Juan

    Listing date Sep 15, 2025

    MLS# 61678 Listing URL

    Copyright © 2026 Xposure. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approved construction plans for up to 200 residential units.
    • RT‑1 zoning allows for residential or mixed‑use development.
    • Strategically located near Marina Puerto del Rey, Plaza Montesol, restaurants, and residential communities.
    • Direct access to PR Highway #3.
    • Enjoy ocean views.
    • Water and power connections available (manholes in place).

    Overview

    This property features 1.42 acres of land situated near Marina Puerto del Rey, Plaza Montesol, restaurants, and residential communities. It has RT-1 zoning and approved construction plans for up to 200 residential units, making it suitable for investors and developers. The property includes ocean views, paved easement access, water and power connections with manholes in place, and direct access to PR Highway #3. This location is suitable for a residential or mixed-use development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fajardo
    County
    Fajardo
    State
    Longitude
    -65.6573
    Latitude
    18.3304

    Nearby Similar for Sale

    • $398,000
      3,000 SF

      Fajardo Commercial Property with Restaurant

      Commercial property in Fajardo with restaurant, rental units, expansion potential.
      536 CALLE TABLAZO, Fajardo, 00738
      View Details
    • $420,000

      Fajardo Vacant Lot Near Marina

      5.16-acre lot near Puerto del Rey Marina.
      Km 0.4 PR 982, Fajardo, Fajardo, 00738
      View Details
    • $129,000
      1,700 SF

      Fajardo Commercial Space For Sale

      Commercial space in Fajardo, ready for immediate occupancy.
      1 CALLE MUÑOZ RIVERA, Fajardo, 00738
      View Details
    • $650,000

      Fajardo Land Investment Opportunity

      Approximately 4-acre land parcel in high-traffic Fajardo area.
      PR-194 KM 0.9, FAJARDO, 00738
      View Details
    • $495,000

      Land with Ocean and Mountain Views

      Flat lot in Fajardo with utilities and scenic views.
      Calle F URB MELENDEZ, FAJARDO, 00738
      View Details
    • $499,000
      4,500 SF

      Mixed-Use Property in Fajardo Port

      Mixed-use commercial property in Fajardo's port area, ideal for development.
      Calle Union PLAYA PUERTO REAL, FAJARDO, 00738
      View Details
    • $299,000

      Fajardo Land with Panoramic Views

      4.86 acres in Fajardo with ocean and mountain views.
      985 KM 1.6 INTERIOR QUEBRADA FAJARDO, FAJARDO, 00738
      View Details
    • $1,250,000

      Land in Fajardo with Zoning

      Land with dual zoning, suitable for residential, agricultural, or commercial uses.
      Pr-195 Km 1.9 BARRIO PUERTO REAL, FAJARDO, 00738
      View Details
    • $3,900,000

      Ocean View Land in Fajardo

      Exceptional land with ocean and golf course views in Fajardo.
      4.4 LAS CABEZAS DE SAN JUAN, CARR. PR-987, KM. 4.4, Cabezas, Fajardo, 00738
      View Details
    • $150,000

      Land Near Puerto del Rey Marina

      Land for sale near Puerto del Rey Marina in Fajardo, PR.
      Carr. 982 Km 0.3 BO. DEMAJAGUA, FAJARDO, 00738
      View Details
    • $800,000

      Land in Naranjo, Fajardo

      21.8 "cuerdas" of undeveloped land with mountain and sea views.
      Interior CARR. PR#984, Naranjo, Fajardo, 00738
      View Details
    • $98,000

      Land Near Seven Seas Beach

      Vacant lot near Seven Seas Beach in Fajardo, Puerto Rico.
      lote 37 AVENIDA CONQUISTADOR, Fajardo, Fajardo, 00738
      View Details

    FAQs

    What type of property is this?
    Land - 1.42 acres of land near Marina Puerto del Rey.
    Where is this land located?
    The property is located at Km 49.7 CARR PR #3 Fajardo.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Approved construction plans for up to 200 residential units.; RT‑1 zoning allows for residential or mixed‑use development.; Strategically located near Marina Puerto del Rey, Plaza Montesol, restaurants, and residential communities.
    (787) 706-8400
    We can help!
    Listing Contact
    Orbe Soto
    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

    Thank You for Inquiry
    Km 49.7 CARR PR #3, Fajardo, Fajardo, 00738
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!