Gated Auto Shop With C-I
For Sale
$189,900
Italia Floral Park, San Juan, PR 00917
Commercial Sale, San Juan, PRI
Property Size1,500 SF
Lot Size0.07 Acres
Price / SF$126.60
Days on Market85
Property Features for Italia Floral Park
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 1
Standard status
Active
APN
06305223917000
Size
1,500 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
1500
Utilities
Cooling system
Wall Unit(s)
Amenities
mechanic lifts
coolers
refrigerators
office
bathroom
rear structure
vehicle inspection machine
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
Hector Baez Real Estate
Listed By:
Hector Baez
(787) 236-9560
Added: Jun 17
Changed: Sep 9
Last Checked: Sep 9 at 12:06PM
MLS# PR560B00
Copyright © 2026 Amplia MLS. 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 auto shop property occupies a 286 m2 lot with approximately 3,078 sq ft and includes a 1,500-square-foot improvement. The paved site is gated to Calle Italia and provides direct vehicle access. Existing features include a covered high-ceiling work area with mechanic lifts, a front cafeteria area with coolers and refrigerators, an office with wall-unit A/C and a bathroom, plus a rear living or storage structure with a second bathroom. A vehicle inspection machine is also included. The property is being sold as-is and is currently undergoing clearing; it previously operated as a vehicle inspection center and mechanic shop and has been closed for roughly three years.
The property carries confirmed Intermediate Commercial (C-I) zoning in Hato Rey, at 516 Calle Italia near the Guayama corner in Urb. Floral Park, central urban San Juan. Potential commercial applications identified in the property information include light automotive services, contractor operations, office or gestoria use, dispatch and courier functions, and light storage or assembly. All proposed uses, licensing, permit matters, and any vehicle-inspection-station approvals remain subject to buyer due diligence and agency approval.
The property carries confirmed Intermediate Commercial (C-I) zoning in Hato Rey, at 516 Calle Italia near the Guayama corner in Urb. Floral Park, central urban San Juan. Potential commercial applications identified in the property information include light automotive services, contractor operations, office or gestoria use, dispatch and courier functions, and light storage or assembly. All proposed uses, licensing, permit matters, and any vehicle-inspection-station approvals remain subject to buyer due diligence and agency approval.
Key Highlights
- Confirmed Intermediate Commercial (C‑I) zoning in Hato Rey
- 286 m2 lot with approximately 3,078 sq ft and a 1,500‑square‑foot improvement
- Paved, gated site at 516 Calle Italia with direct vehicle access
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
$9,138
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
4.81%
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%
$182,760
$182.8K
Cap Rate 7%
$130,543
$130.5K
Cap Rate 9%
$101,533
$101.5K
Market Conditions
NOI Build-Up for 1,500 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
$13.5K $9.00/SF
− Vacancy
−$446 −$0.30/SF
EGI
$13.1K $8.70/SF
− OpEx
−$3.9K −$2.61/SF
NOI
$9.1K $6.09/SF
Area
San Juan, PR
Vacancy
3.30%
Lease Rate
$9.00 /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%
$182,760
Cap Rate 7%
$130,543
Cap Rate 9%
$101,533
Alternative Uses
Best Use
Retail
$342.7K
$299.9K – $399.8K
NOI $23,990 @ 7.0% cap · market cap 12.63%
Second Best
Industrial
$130.5K
$114.2K – $152.3K
NOI $9,138 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$367.2K
$321.3K – $428.4K
NOI $25,704 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Demographics for 00917, PR
17,319
Population
11,607
Households
1.5
Avg Household Size
50
Median Age
31%
College-Educated
80%
High-School Grad
1.4 sq mi
ZIP Area
12,371
Density / Sq Mi
$19,516
Median Household Income
$22,807
Median Earnings
$558
Median Rent
$124,800
Median Home Value
Market
Vacancy Rate% for Retail in the U.S.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Paved, gated commercial property with vehicle access, covered high-ceiling work area, offices, bathrooms, and included equipment.
Where is this auto shop located?
The property is located at Italia Floral Park San Juan, PR.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Confirmed Intermediate Commercial (C‑I) zoning in Hato Rey; 286 m2 lot with approximately 3,078 sq ft and a 1,500‑square‑foot improvement; Paved, gated site at 516 Calle Italia with direct vehicle access
