Renovated Two-Story Flex
168-198 Calle Monterrey Industrial Park, San Juan, PR 00920
For Sale
$2,300,000
Commercial Sale, San Juan, PRI
Property Size14,000 SF
Lot Size0.19 Acres
Price / SF$164.29
Days on Market78
Property Features for 168-198 Calle Monterrey Industrial Park
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Amenities
IT and security infrastructure
LED lighting
automatic glass sliding doors
data drops
Building Details
Year built
Buildings
Listing Agency:
KW Puerto Rico
(787) 706-8400
Listed By:
Fernando Rodriguez · License PR #19191
(787) 665-9151
Added: Aug 26
Changed: Nov 6
Last Checked: Nov 11 at 5:06AM
MLS# PRKW6C8B00
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.
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Investment Insights
Based on property information with market context.
This two-story flex property totals approximately 14,000 square feet and was comprehensively remodeled in 2024. The first level provides approximately 7,000 SF of warehouse space with 20–25-foot clear height, polished epoxy concrete floors, a roll-up door suitable for forklift access, high-bay LED lighting, and an automatic glass entry. A secondary 9U network cabinet and dedicated data drops are also installed.
The second level contains approximately 7,000 SF of office and operational space configured for call center use, including 60 Cat 6 voice and data drops, multiple private carpeted offices, and recessed LED ceiling panels. An executive live/work suite includes three bedrooms, one bathroom, a remodeled kitchen, living room, and dining room. Professional technology and IT infrastructure are included, and the property will be delivered vacant at closing.
The property is located at 168-198 Calle Monterrey Industrial Park in San Juan, Puerto Rico, within the San Juan industrial corridor.
The second level contains approximately 7,000 SF of office and operational space configured for call center use, including 60 Cat 6 voice and data drops, multiple private carpeted offices, and recessed LED ceiling panels. An executive live/work suite includes three bedrooms, one bathroom, a remodeled kitchen, living room, and dining room. Professional technology and IT infrastructure are included, and the property will be delivered vacant at closing.
The property is located at 168-198 Calle Monterrey Industrial Park in San Juan, Puerto Rico, within the San Juan industrial corridor.
Key Highlights
- Approximately 14,000 square feet across two levels
- Approximately 7,000 SF warehouse with 20–25‑foot clear height
- Roll‑up door provides forklift access; polished epoxy concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,599
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,871,980
$3.9M
Cap Rate 7%
$2,765,700
$2.8M
Cap Rate 9%
$2,151,100
$2.2M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$294.0K $21.00/SF
− Vacancy
−$35.9K −$2.56/SF
EGI
$258.1K $18.44/SF
− OpEx
−$64.5K −$4.61/SF
NOI
$193.6K $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 Rate 5%
$3,871,980
Cap Rate 7%
$2,765,700
Cap Rate 9%
$2,151,100
Alternative Uses
Best Use
Office B
$2.77M
$2.42M – $3.23M
NOI $193,599 @ 7.0% cap · market cap 8.42%
Second Best
Flex RnD
$2.23M
$1.95M – $2.60M
NOI $155,938 @ 7.0% cap · market cap 6.78%
Theoretical Best
Specialty Retail
$3.43M
$3.00M – $4.00M
NOI $239,904 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
25 ft
Clear height
Location Intelligence
Demographics for 00920, PR
14,798
Population
8,916
Households
1.7
Avg Household Size
47
Median Age
38%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
4,111
Density / Sq Mi
$29,914
Median Household Income
$19,996
Median Earnings
$753
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Office in San Juan, PR
Frequently Asked Questions
What type of property is this?
Flex space - Vacant at closing, with warehouse, office, and operational areas for immediate occupancy.
Where is this flex space located?
The property is located at 168-198 Calle Monterrey Industrial Park San Juan, PR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 14,000 square feet across two levels; Approximately 7,000 SF warehouse with 20–25‑foot clear height; Roll‑up door provides forklift access; polished epoxy concrete floors
