Church Facility with Multipurpose
For Sale
$379,000
1030 y 1032 Calle Lealtad Sabana Llana Ward, San Juan, PR 00923
Commercial Sale, San Juan, PRI
Property Size1,978 SF
Lot Size0.20 Acres
Price / SF$191.61
Days on Market63
Property Features for 1030 y 1032 Calle Lealtad Sabana Llana Ward
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Standard status
Active
APN
08701454011000
Size
1,978 SF
Lot size
0.20 Acres
Amenities
salon multiproposito
oficina administrativa
cocina equipada
dos banos remodelados
aire acondicionado central
tuberia renovada
porton electrico
verja perimetral
Building Details
Year built
1971
Listing Agency:
KW Puerto Rico
(787) 706-8400
Listed By:
Aida Feliz Carrasco
(939) 343-5699
Added: Jul 8
Changed: Sep 8
Last Checked: Sep 8 at 9:06AM
MLS# PRKW426B00
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 church facility occupies two parcels totaling approximately 817.34 m2, with 1,978 square feet of functional area. The improvements include 1,568 square feet of enclosed construction and a 410-square-foot covered porch. Interior components include a large multipurpose room, administrative office, equipped kitchen, and two remodeled bathrooms. Two 5-ton central air-conditioning systems, renewed plumbing, an electric gate, and perimeter fencing are also in place. The property was built in 1971 and includes 20 private parking spaces.
Located at 1030 and 1032 Calle Lealtad in Sabana Llana Ward, San Juan, the property sits one block from Hospital San Francisco. The available configuration supports continued religious use and is also identified for medical offices, specialty clinics, therapeutic centers, educational institutions, professional offices, nonprofit organizations, and similar institutional uses.
Located at 1030 and 1032 Calle Lealtad in Sabana Llana Ward, San Juan, the property sits one block from Hospital San Francisco. The available configuration supports continued religious use and is also identified for medical offices, specialty clinics, therapeutic centers, educational institutions, professional offices, nonprofit organizations, and similar institutional uses.
Key Highlights
- 1,978 SF of functional area, including 1,568 SF of construction and a 410 SF covered porch
- Two parcels with an approximate combined area of 817.34 m2 (8,798 p2)
- 20 private parking spaces
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
$27,353
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
7.22%
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%
$547,060
$547.1K
Cap Rate 7%
$390,757
$390.8K
Cap Rate 9%
$303,922
$303.9K
Market Conditions
NOI Build-Up for 1,978 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
$41.5K $21.00/SF
− Vacancy
−$5.1K −$2.56/SF
EGI
$36.5K $18.44/SF
− OpEx
−$9.1K −$4.61/SF
NOI
$27.4K $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%
$547,060
Cap Rate 7%
$390,757
Cap Rate 9%
$303,922
Alternative Uses
Best Use
Office B
$390.8K
$341.9K – $455.9K
NOI $27,353 @ 7.0% cap · market cap 7.22%
Second Best
Healthcare Medical
$387.4K
$339.0K – $451.9K
NOI $27,116 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$484.2K
$423.7K – $564.9K
NOI $33,895 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 00923, PR
23,607
Population
13,917
Households
1.7
Avg Household Size
44
Median Age
26%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
11,804
Density / Sq Mi
$18,482
Median Household Income
$16,918
Median Earnings
$517
Median Rent
$114,600
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?
Church & religious facility - Configured with an administrative office, equipped kitchen, remodeled restrooms, and central air conditioning.
Where is this church & religious facility located?
The property is located at 1030 y 1032 Calle Lealtad Sabana Llana Ward San Juan, PR.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,978 SF of functional area, including 1,568 SF of construction and a 410 SF covered porch; Two parcels with an approximate combined area of 817.34 m2 (8,798 p2); 20 private parking spaces
