Church Facility With Multipurpose
For Sale
$379,000
San Juan, PR 00923, San Juan, PR 00923
Commercial Space, San Juan, PR
Property Size1,568 SF
Lot Size0.02 Acres
Price / SF$241.71
Days on Market60
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Others
Exterior features
Park Setting
Subdivision
Sabana Llana (Barrio)
Standard status
Active
Lot size
0.02 Acres
Amenities
large multipurpose room
administrative office
fully equipped kitchen
two remodeled bathrooms
two 5-ton central air conditioning units
updated plumbing
electric gate
perimeter fence
Building Details
Year built
1971
Listing Agency:
Keller Williams Grand Homes · Keller Williams Realty
(787) 706-8400
Listed By:
Orbe Soto
(787) 706-8400
Added: Jun 29
Changed: Aug 27
Last Checked: Aug 27 at 10:06PM
MLS# 65542
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 church and religious facility includes approximately 1,978 square feet of functional area, comprising 1,568 square feet of enclosed construction and a 410-square-foot covered porch. The interior provides a large multipurpose room, administrative office, fully equipped kitchen, and two remodeled bathrooms. Updated plumbing, two 5-ton central air-conditioning units, an electric gate, and perimeter fencing are also in place.
The property consists of two lots totaling approximately 817.34 square meters and includes 20 private parking spaces. San Francisco Hospital is one block away, placing the facility within San Juan’s metropolitan area. Its existing layout and improvements support religious, nonprofit, educational, professional office, therapy, specialized clinic, or medical office uses identified in the property information.
The property consists of two lots totaling approximately 817.34 square meters and includes 20 private parking spaces. San Francisco Hospital is one block away, placing the facility within San Juan’s metropolitan area. Its existing layout and improvements support religious, nonprofit, educational, professional office, therapy, specialized clinic, or medical office uses identified in the property information.
Key Highlights
- Approximately 1,978 SF of functional area, including 1,568 SF of construction and a 410 SF covered porch
- Two lots totaling approximately 817.34 m2
- 20 private parking spaces
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
$21,683
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
5.72%
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%
$433,660
$433.7K
Cap Rate 7%
$309,757
$309.8K
Cap Rate 9%
$240,922
$240.9K
Market Conditions
NOI Build-Up for 1,568 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
$32.9K $21.00/SF
− Vacancy
−$4.0K −$2.56/SF
EGI
$28.9K $18.44/SF
− OpEx
−$7.2K −$4.61/SF
NOI
$21.7K $13.83/SF
Area
San Juan, PR
Vacancy
12.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$433,660
Cap Rate 7%
$309,757
Cap Rate 9%
$240,922
Alternative Uses
Best Use
Office B
$309.8K
$271.0K – $361.4K
NOI $21,683 @ 7.0% cap · market cap 5.72%
Second Best
Healthcare Medical
$307.1K
$268.7K – $358.3K
NOI $21,495 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$383.8K
$335.9K – $447.8K
NOI $26,869 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 00923, PR
23,607
Population
13,917
Households
1.7
Avg Household Size
44
Median Age
26%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
11,804
Density / Sq Mi
$18,482
Median Household Income
$16,918
Median Earnings
$517
Median Rent
$114,600
Median Home Value
Market
Vacancy Rate% for Office in San Juan, PR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Fenced facility with offices, kitchen, remodeled bathrooms, parking, and central air conditioning.
Where is this church & religious facility located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Approximately 1,978 SF of functional area, including 1,568 SF of construction and a 410 SF covered porch; Two lots totaling approximately 817.34 m2; 20 private parking spaces
