Ground-Level Mixed-Use
For Sale
$1,595,000
San Juan, PR 00901, San Juan, PR 00901
Commercial Space, San Juan, PR
Property Size5,545 SF
Lot Size0.01 Acres
Price / SF$287.65
Days on Market20
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Exterior features
View - Street
Subdivision
Viejo San Juan -Zona Historica (B
Standard status
Active
Lot size
0.01 Acres
Amenities
interior patios
Building Details
Year built
1700
Listing Agency:
Ilia Martinez & Associates LLC
(787) 990-9500
Listed By:
Ilia Martinez
(787) 640-2546
Added: Aug 8
Changed: Aug 27
Last Checked: Aug 27 at 10:06PM
MLS# 66137
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.
Investment Insights
Based on property information with market context.
This ground-level mixed-use property in Old San Juan encompasses approximately 5,545 square feet within a historic building dating to 1700. The current layout includes two commercial areas, three flexible-use spaces, and one apartment. Eleven street-facing openings—six on Calle Sol and five on Calle San Jose—support separate access, daylight, and ventilation, while two connected interior patios add open-air space. Sanitary facilities and independent entry points contribute to the property's adaptable configuration. Any change in use remains subject to applicable permits and approvals, and condominium regulations prohibit restaurant and bar operations.
The property occupies the corner of Calle San Jose and Calle Sol in San Juan, PR 00901. It is steps from Calle San Sebastian, one block from Cristo Street and Hotel El Convento, and approximately two blocks from Plaza de Armas. Zoning is C.
The property occupies the corner of Calle San Jose and Calle Sol in San Juan, PR 00901. It is steps from Calle San Sebastian, one block from Cristo Street and Hotel El Convento, and approximately two blocks from Plaza de Armas. Zoning is C.
Key Highlights
- Approximately 5,545 square feet of ground‑level mixed‑use space
- Current configuration includes 2 commercial spaces, 3 flexible‑use spaces, and 1 residential apartment
- 11 direct street openings: 6 along Calle Sol and 5 along Calle San Jose
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,278
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,285,560
$1.3M
Cap Rate 7%
$918,257
$918.3K
Cap Rate 9%
$714,200
$714.2K
Market Conditions
NOI Build-Up for 5,545 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$99.8K $18.00/SF
− Vacancy
−$8.0K −$1.44/SF
EGI
$91.8K $16.56/SF
− OpEx
−$27.5K −$4.97/SF
NOI
$64.3K $11.59/SF
Area
ZIP 00901
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,285,560
Cap Rate 7%
$918,257
Cap Rate 9%
$714,200
Alternative Uses
Best Use
Retail
$918.3K
$803.5K – $1.07M
NOI $64,278 @ 7.0% cap · market cap 4.03%
Second Best
Mixed Use
$855.5K
$748.6K – $998.1K
NOI $59,886 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,137 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Demographics for 00901, PR
6,218
Population
4,325
Households
1.4
Avg Household Size
47
Median Age
49%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
6,218
Density / Sq Mi
$25,810
Median Household Income
$27,676
Median Earnings
$646
Median Rent
$386,900
Median Home Value
Market
Vacancy Rate% for Retail in the U.S.
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic corner property with adaptable commercial and residential configuration, multiple entrances, and interior patios.
Where is this mixed-use property located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Approximately 5,545 square feet of ground‑level mixed‑use space; Current configuration includes 2 commercial spaces, 3 flexible‑use spaces, and 1 residential apartment; 11 direct street openings: 6 along Calle Sol and 5 along Calle San Jose
