Two-Story Storefront
For Sale
$2,300,000
Pending
177 Ave Lomas Verdes SAN JUAN, San Juan, PR 00927
Currently leased commercial property with on-site parking and access from PR-177.
Property Size7,260 SF
Days on Market57
Property Features for 177 Ave Lomas Verdes SAN JUAN
General Information
Standard status
Pending
Size
7,260 SF
Total Parking Spaces
29
Amenities
2
true
7260
1124.8
false
Paved
Other
State Road
1
Building Details
Building Size
7,260 SF
Year Built
1980
Buildings
1
Stories
2
Listing Agency:
(904) 569-5862
Listed By:
Silmara Castilhos Saxena
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 30 at 8:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Silmara Castilhos Saxena
Investment Insights
Based on property information with market context.
This two-story storefront building was constructed in 1980 and includes 29 on-site parking spaces. The property is currently leased and producing rental income, with its configuration suited to an established commercial setting.
The property is located at 177 Ave Lomas Verdes in San Juan, Puerto Rico, on PR-177, also known as Ave. Lomas Verdes. It sits across from Ave. Alejandrino within a high-traffic commercial corridor, near established businesses, residential communities, and major roadways. The location provides direct access to a state road and convenient connectivity within the surrounding commercial area.
The property is located at 177 Ave Lomas Verdes in San Juan, Puerto Rico, on PR-177, also known as Ave. Lomas Verdes. It sits across from Ave. Alejandrino within a high-traffic commercial corridor, near established businesses, residential communities, and major roadways. The location provides direct access to a state road and convenient connectivity within the surrounding commercial area.
Key Highlights
- Two‑story storefront building constructed in 1980
- Currently leased and generating rental income
- 29 on‑site 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
$116,114
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
5.05%
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%
$2,322,280
$2.3M
Cap Rate 7%
$1,658,771
$1.7M
Cap Rate 9%
$1,290,156
$1.3M
Market Conditions
NOI Build-Up for 7,260 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
$174.2K $24.00/SF
− Vacancy
−$8.4K −$1.15/SF
EGI
$165.9K $22.85/SF
− OpEx
−$49.8K −$6.85/SF
NOI
$116.1K $15.99/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,322,280
Cap Rate 7%
$1,658,771
Cap Rate 9%
$1,290,156
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.94M
NOI $116,114 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.07M
NOI $124,407 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 00927, PR
14,297
Population
7,525
Households
1.9
Avg Household Size
48
Median Age
65%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
5,957
Density / Sq Mi
$39,838
Median Household Income
$27,886
Median Earnings
$543
Median Rent
$223,000
Median Home Value
Market
Vacancy Rate% for Retail in the U.S.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Currently leased commercial property with on-site parking and access from PR-177.
Where is this storefront property located?
The property is located at 177 Ave Lomas Verdes SAN JUAN 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: Two‑story storefront building constructed in 1980; Currently leased and generating rental income; 29 on‑site parking spaces
