22-Room Hotel with Private
For Sale
$1,250,000
Santa Rita Santander #10, San Juan, PR 00926
Commercial Sale, San Juan, PRI
Property Size5,141 SF
Lot Size0.09 Acres
Price / SF$243.14
Days on Market13
Property Features for Santa Rita Santander #10
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
08701205911000
Size
5,141 SF
Lot size
0.09 Acres
Amenities
Power generator
Water cistern
Air conditioning
Building Details
Year built
1948
Listing Agency:
KW Puerto Rico
(787) 706-8400
Listed By:
Maria Puig Morales
(787) 961-2580
Added: Aug 17
Changed: Aug 26
Last Checked: Aug 29 at 5:06AM
MLS# PRKWAFE400
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.
The 5,141-square-foot hotel property includes 22 guest rooms, each with a private bathroom. Built in 1948, the building is equipped with air conditioning, an electric generator, and a water cistern. It is currently operating as a tourist guesthouse and generating income.
Located in Rio Piedras within San Juan, the property is near the University of Puerto Rico and the Urban Train. Beaches, airports, coliseums, and hospitals are also identified among the surrounding destinations. The 0.089-acre property is addressed at Santa Rita Santander #10, San Juan, PR 00926.
Located in Rio Piedras within San Juan, the property is near the University of Puerto Rico and the Urban Train. Beaches, airports, coliseums, and hospitals are also identified among the surrounding destinations. The 0.089-acre property is addressed at Santa Rita Santander #10, San Juan, PR 00926.
Key Highlights
- 22 rooms, each with a private bathroom
- 5,141 square feet on 0.089 acres
- Currently operating as a tourist guesthouse generating income
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
$69,743
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
5.58%
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%
$1,394,860
$1.4M
Cap Rate 7%
$996,329
$996.3K
Cap Rate 9%
$774,922
$774.9K
Market Conditions
NOI Build-Up for 5,141 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
$154.2K $30.00/SF
− Vacancy
−$7.4K −$1.44/SF
EGI
$146.8K $28.56/SF
− OpEx
−$77.1K −$14.99/SF
NOI
$69.7K $13.57/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,394,860
Cap Rate 7%
$996,329
Cap Rate 9%
$774,922
Alternative Uses
Best Use
Hotel Hospitality
$996.3K
$871.8K – $1.16M
NOI $69,743 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,096 @ 7.0% cap · market cap 7.05%
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?
Hotel - Operating tourist guesthouse with backup power, water storage, and air conditioning.
Where is this hotel located?
The property is located at Santa Rita Santander #10 San Juan, PR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 22 rooms, each with a private bathroom; 5,141 square feet on 0.089 acres; Currently operating as a tourist guesthouse generating income
