Two-Story Medical Office
For Sale
$699,000
Bayamon, PR 00961, San Juan, PR 00961
Building, Bayamon, PR
Property Size3,360 SF
Lot Size0.02 Acres
Price / SF$208.04
Days on Market74
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking
20
Parking features
Covered, Open
Interior features
Wheelchair Access, Storage Space
Exterior features
View - Street, Flat Lot, Sidewalk
Accessibility
Accessible Approach with Ramp
Subdivision
Santa Cruz (Urbanizacion)
Standard status
Active
Lot size
0.02 Acres
Building Details
Year built
1990
Flooring type
Tile - Ceramic, Laminate
Roof type
Concrete
Additional Structures
Storage
Listing Agency:
Nest Seekers International Puerto Rico
(407) 738-6395
Listed By:
Ian Cahill
(939) 209-5499
Added: Jul 16
Changed: Sep 15
Last Checked: Sep 27 at 10:06PM
MLS# 65807
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 medical office property comprises three separately titled commercial parcels and a two-story building containing approximately 3,360 square feet. The interior includes reception and waiting areas, administrative offices, consultation rooms, storage space, and restrooms on each level. Ceramic tile and laminate flooring are present, along with wheelchair access and an accessible approach ramp. The concrete-roofed building was constructed in 1990.
The property is positioned in Bayamon’s established medical district, adjacent to Hospital Auxilio Mutuo San Pablo and surrounded by hospitals, physician offices, pharmacies, laboratories, and related healthcare services. On-site parking includes more than 20 spaces, with both open and covered areas. C-1 Commercial zoning and vacant delivery provide a defined framework for a new occupancy plan, while the upper level’s prior long-term lease supports a multi-tenant configuration.
The property is positioned in Bayamon’s established medical district, adjacent to Hospital Auxilio Mutuo San Pablo and surrounded by hospitals, physician offices, pharmacies, laboratories, and related healthcare services. On-site parking includes more than 20 spaces, with both open and covered areas. C-1 Commercial zoning and vacant delivery provide a defined framework for a new occupancy plan, while the upper level’s prior long-term lease supports a multi-tenant configuration.
Key Highlights
- Three separately titled commercial parcels included in the sale
- Approximately 3,360 SF two‑story commercial building
- More than 20 on‑site parking spaces, including open and covered areas
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
$46,464
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
6.65%
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%
$929,280
$929.3K
Cap Rate 7%
$663,771
$663.8K
Cap Rate 9%
$516,267
$516.3K
Market Conditions
NOI Build-Up for 3,360 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
$70.6K $21.00/SF
− Vacancy
−$8.6K −$2.56/SF
EGI
$62.0K $18.44/SF
− OpEx
−$15.5K −$4.61/SF
NOI
$46.5K $13.83/SF
Area
San Juan, PR
Vacancy
12.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$929,280
Cap Rate 7%
$663,771
Cap Rate 9%
$516,267
Alternative Uses
Best Use
Office B
$663.8K
$580.8K – $774.4K
NOI $46,464 @ 7.0% cap · market cap 6.65%
Second Best
Healthcare Medical
$658.0K
$575.8K – $767.7K
NOI $46,062 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$822.5K
$719.7K – $959.6K
NOI $57,577 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 00961, PR
28,062
Population
13,214
Households
2.1
Avg Household Size
47
Median Age
40%
College-Educated
88%
High-School Grad
5.3 sq mi
ZIP Area
5,295
Density / Sq Mi
$37,015
Median Household Income
$25,056
Median Earnings
$736
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Office in San Juan, PR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant C-1 property with reception, consultation, administrative, and restroom areas on both levels.
Where is this medical office space located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three separately titled commercial parcels included in the sale; Approximately 3,360 SF two‑story commercial building; More than 20 on‑site parking spaces, including open and covered areas
