Three-Level Mixed-Use
For Sale
$990,000
1812 Av Ponce de Leon Pueblo, San Juan, PR 00909
Commercial Sale, San Juan, PRI
Property Size4,815 SF
Lot Size0.07 Acres
Price / SF$205.61
Days on Market27
Property Features for 1812 Av Ponce de Leon Pueblo
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Standard status
Active
APN
04108105507901
Size
4,815 SF
Lot size
0.07 Acres
Amenities
60 kW generator
500 gallon cistern
Camera system
Sound system
Building Details
Year built
1925
Listing Agency:
KW Puerto Rico
(787) 706-8400
Listed By:
Odalis Chevere
(787) 367-9476
Added: Aug 20
Changed: Sep 12
Last Checked: Sep 15 at 6:06PM
MLS# PRKWE8E100
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 4,815-square-foot mixed-use building dates to 1925 and has three levels. The ground floor is a 2,297-square-foot restaurant with a dining room, bar, equipped kitchen, two bathrooms, high ceilings, modern flooring, camera monitoring, and a sound system. A 60 kW generator serves the building, which also includes a 500-gallon cistern.
The second floor provides a 1,259-square-foot, furnished apartment with three bedrooms, two bathrooms, living and dining areas, and a kitchen. The third floor offers another 1,259-square-foot apartment with three bedrooms, one bathroom, a living area with glass walls, and a balcony with a jacuzzi. The property includes parking for 2 vehicles, with street parking also available.
Located at 1812 Av Ponce de Leon Pueblo in Santurce, San Juan, the property is zoned Uso General (ZU-G2), allowing commercial or residential uses, and is in Zone X outside flood-prone areas. The surrounding area includes restaurants, theaters, and cultural spaces.
The second floor provides a 1,259-square-foot, furnished apartment with three bedrooms, two bathrooms, living and dining areas, and a kitchen. The third floor offers another 1,259-square-foot apartment with three bedrooms, one bathroom, a living area with glass walls, and a balcony with a jacuzzi. The property includes parking for 2 vehicles, with street parking also available.
Located at 1812 Av Ponce de Leon Pueblo in Santurce, San Juan, the property is zoned Uso General (ZU-G2), allowing commercial or residential uses, and is in Zone X outside flood-prone areas. The surrounding area includes restaurants, theaters, and cultural spaces.
Key Highlights
- 4,815‑square‑foot, three‑level mixed‑use building constructed in 1925
- 2,297‑square‑foot restaurant with equipped kitchen, bar, dining room, and 2 bathrooms
- Two 1,259‑square‑foot apartments, each with 3 bedrooms
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
$82,510
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
8.33%
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%
$1,650,200
$1.7M
Cap Rate 7%
$1,178,714
$1.2M
Cap Rate 9%
$916,778
$916.8K
Market Conditions
NOI Build-Up for 4,815 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
$115.6K $24.00/SF
− Vacancy
−$5.5K −$1.15/SF
EGI
$110.0K $22.85/SF
− OpEx
−$27.5K −$5.71/SF
NOI
$82.5K $17.14/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$24.00 /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%
$1,650,200
Cap Rate 7%
$1,178,714
Cap Rate 9%
$916,778
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,510 @ 7.0% cap · market cap 8.33%
Second Best
Mixed Use
$982.3K
$859.5K – $1.15M
NOI $68,758 @ 7.0% cap · market cap 6.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 00909, PR
6,987
Population
3,982
Households
1.8
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
0.7 sq mi
ZIP Area
9,981
Density / Sq Mi
$26,066
Median Household Income
$21,366
Median Earnings
$719
Median Rent
$199,100
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?
Mixed-use property - Remodeled commercial property combines a restaurant with two furnished apartments.
Where is this mixed-use property located?
The property is located at 1812 Av Ponce de Leon Pueblo San Juan, PR.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 4,815‑square‑foot, three‑level mixed‑use building constructed in 1925; 2,297‑square‑foot restaurant with equipped kitchen, bar, dining room, and 2 bathrooms; Two 1,259‑square‑foot apartments, each with 3 bedrooms
