Mixed-Use Property with Loft
Ashford St. COND. CONDADO CENTER, San Juan, PR 00907
For Sale
$995,000
Commercial Sale, SAN JUAN, PRI
Property Size2,649 SF
Lot Size0.43 Acres
Price / SF$375.61
Days on Market598
Property Features for Ashford St. COND. CONDADO CENTER
General Information
Property type
Property subtype
Zoning
Window features
Pets allowed
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
AK PROPERTIES PARTNERS
Listed By:
Aliber Lopez · License PR #16565
(787) 531-6359
Added: Mar 24, 2025
Changed: Oct 20
Last Checked: Nov 11 at 2:06AM
MLS# PR9112616
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains three residential lofts converted from commercial units, with a combined property size of 2,649 square feet. Unit 1 measures 950 square feet and includes two bedrooms and two bathrooms. Unit 2 measures 819 square feet with two bedrooms and one bathroom, while Unit 3 offers 880 square feet with two bedrooms and two bathrooms. Each unit features an open layout, ceramic tile flooring, electric heating, concrete construction, and a concrete roof.
The property is in Condado, San Juan, within a tourist area near hotels, landmarks, restaurants, and Ashford Avenue. Public water and sewer serve the property, which is zoned CT. The stated use profile accommodates both commercial and residential applications. Constructed in 1980, the property occupies 0.43 acres.
The property is in Condado, San Juan, within a tourist area near hotels, landmarks, restaurants, and Ashford Avenue. Public water and sewer serve the property, which is zoned CT. The stated use profile accommodates both commercial and residential applications. Constructed in 1980, the property occupies 0.43 acres.
Key Highlights
- Three loft units totaling 2,649 square feet
- Unit 1: 950 square feet, 2 bedrooms, and 2 bathrooms
- Unit 2: 819 square feet, 2 bedrooms, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,806
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,120
$696.1K
Cap Rate 7%
$497,229
$497.2K
Cap Rate 9%
$386,733
$386.7K
Market Conditions
NOI Build-Up for 2,649 SF
Gross rent
$52.5K $19.80/SF
− Vacancy
−$2.7K −$1.03/SF
EGI
$49.7K $18.77/SF
− OpEx
−$14.9K −$5.63/SF
NOI
$34.8K $13.14/SF
Area
ZIP 00907
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,120
Cap Rate 7%
$497,229
Cap Rate 9%
$386,733
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.1K – $580.1K
NOI $34,806 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$446.1K
$390.3K – $520.4K
NOI $31,225 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$707.1K
$618.7K – $824.9K
NOI $49,494 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Demographics for 00907, PR
16,864
Population
12,722
Households
1.3
Avg Household Size
50
Median Age
61%
College-Educated
92%
High-School Grad
2.0 sq mi
ZIP Area
8,432
Density / Sq Mi
$42,116
Median Household Income
$30,551
Median Earnings
$1,020
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three open-plan residential lofts support both commercial and residential use in Condado’s active tourist district.
Where is this mixed-use property located?
The property is located at Ashford St. COND. CONDADO CENTER San Juan, PR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three loft units totaling 2,649 square feet; Unit 1: 950 square feet, 2 bedrooms, and 2 bathrooms; Unit 2: 819 square feet, 2 bedrooms, and 1 bathroom
