Three-Story Assisted Living
For Sale
$585,000
San Juan, PR 00926, San Juan, PR 00926
Commercial Sale, San Juan, PRI
Property Size3,754 SF
Lot Size0.41 Acres
Price / SF$155.83
Days on Market205
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 9, Bedroom 2, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 10
Accessibility
Accessible Approach with Ramp
View
City
Standard status
Active
APN
14306941202000
Size
3,754 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
2479
Building Details
Year built
1980
Floors in Building
3
Listing Agency:
Francisco Cabreja Real Estate
(178) 753-9470
Listed By:
Francisco Cabreja
(787) 539-4708
Added: Feb 16
Changed: Sep 8
Last Checked: Sep 9 at 3:06AM
MLS# PRA86A00
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 three-story concrete assisted living facility contains 3,754 square feet of gross building area, with 10 bedrooms, 3 bathrooms, and 6 parking spaces. Built in 1980, the property includes an accessible approach with ramp and is currently operating as an adult care facility. The existing use is legally non-conforming within the ARD zoning district.
Access is provided directly from PR-842, with proximity to PR-52, also known as Expreso Las Americas. The San Juan property is positioned for access to Hato Rey, Río Piedras, Guaynabo, and Carolina. A professional survey identifies 9 segregable parcels, while FEMA Flood Zone X indicates minimal flood hazard. The building also has views toward the San Juan metropolitan area and the Atlantic Ocean.
Access is provided directly from PR-842, with proximity to PR-52, also known as Expreso Las Americas. The San Juan property is positioned for access to Hato Rey, Río Piedras, Guaynabo, and Carolina. A professional survey identifies 9 segregable parcels, while FEMA Flood Zone X indicates minimal flood hazard. The building also has views toward the San Juan metropolitan area and the Atlantic Ocean.
Key Highlights
- 3,754 sq ft GBA in a three‑story concrete building
- 10 bedrooms, 3 bathrooms, and 6 parking spaces
- Currently operating as an adult care facility
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
$33,415
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
5.71%
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%
$668,300
$668.3K
Cap Rate 7%
$477,357
$477.4K
Cap Rate 9%
$371,278
$371.3K
Market Conditions
NOI Build-Up for 3,754 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
$63.8K $17.00/SF
− Vacancy
−$3.1K −$0.82/SF
EGI
$60.8K $16.18/SF
− OpEx
−$27.3K −$7.28/SF
NOI
$33.4K $8.90/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$17.00 /SF/Yr
Expense Ratio
45.00%
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%
$668,300
Cap Rate 7%
$477,357
Cap Rate 9%
$371,278
Alternative Uses
Best Use
Apartment 5plus
$477.4K
$417.7K – $556.9K
NOI $33,415 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$919.0K
$804.1K – $1.07M
NOI $64,329 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 00926, PR
96,732
Population
45,119
Households
2.1
Avg Household Size
45
Median Age
52%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
4,169
Density / Sq Mi
$39,543
Median Household Income
$29,311
Median Earnings
$717
Median Rent
$189,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Concrete construction, ramp access, and an operating adult care use support continued healthcare occupancy.
Where is this assisted living facility located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3,754 sq ft GBA in a three‑story concrete building; 10 bedrooms, 3 bathrooms, and 6 parking spaces; Currently operating as an adult care facility
