Mixed-Use Property with Six
For Sale
$950,000
Santurce, San Juan, PR 00909
House, Santurce, San Juan, PR
Property Size5,772 SF
Lot Size0.01 Acres
Price / SF$164.59
Days on Market33
Property Features for Santurce
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 6, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 5, Bathroom 7, Bedroom 6
Parking
7
Parking features
Garage
Security features
Security
Interior features
Security Camera
Exterior features
Recreation Nearby, Water Connection, View-City
Lot features
Balcony
Subdivision
Fernandez Juncos (Sector)
Standard status
Active
Size
5,772 SF
Lot size
0.01 Acres
Building Details
Year built
1959
Listing Agency:
Movida Group LLC
Listed By:
Carlos Vega
(787) 432-1103
Added: Sep 3
Changed: Sep 29
Last Checked: Oct 5 at 2:06AM
MLS# 65748
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 mixed-use property comprises two buildings totaling 5,772 square feet, with six one-bedroom apartments and a separate commercial space. The residences include new A/C units, kitchen appliances, independent LUMA electric meters, and dedicated parking. Additional property features include a garage, security camera, water connection, and city views. Built in 1959, the asset combines residential and commercial components within one property.
The property is located at 1100 Ave. Fernandez Juncos and 703 San Juan Street in Santurce, San Juan. Its position along Avenida Fernandez Juncos provides access to Condado, Miramar, Old San Juan, the Puerto Rico Convention Center, Distrito T-Mobile, Luis Munoz Marin International Airport, hospitals, universities, restaurants, entertainment districts, and major expressways.
The property is located at 1100 Ave. Fernandez Juncos and 703 San Juan Street in Santurce, San Juan. Its position along Avenida Fernandez Juncos provides access to Condado, Miramar, Old San Juan, the Puerto Rico Convention Center, Distrito T-Mobile, Luis Munoz Marin International Airport, hospitals, universities, restaurants, entertainment districts, and major expressways.
Key Highlights
- Two‑building mixed‑use property totaling 5,772 square feet
- Six 1‑bedroom residential apartments
- Separate commercial space with existing tenancy
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
$82,424
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
8.68%
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%
$1,648,480
$1.6M
Cap Rate 7%
$1,177,486
$1.2M
Cap Rate 9%
$915,822
$915.8K
Market Conditions
NOI Build-Up for 5,772 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
$138.5K $24.00/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$131.9K $22.85/SF
− OpEx
−$49.5K −$8.57/SF
NOI
$82.4K $14.28/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,648,480
Cap Rate 7%
$1,177,486
Cap Rate 9%
$915,822
Alternative Uses
Best Use
Mixed Use
$1.18M
$1.03M – $1.37M
NOI $82,424 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$734.0K
$642.2K – $856.3K
NOI $51,378 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,909 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 00909, PR
6,987
Population
3,982
Households
1.8
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
0.7 sq mi
ZIP Area
9,981
Density / Sq Mi
$26,066
Median Household Income
$21,366
Median Earnings
$719
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building income property with equipped residences, a commercial component, and dedicated parking.
Where is this mixed-use property located?
The property is located at Santurce San Juan, PR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑building mixed‑use property totaling 5,772 square feet; Six 1‑bedroom residential apartments; Separate commercial space with existing tenancy
