Office Unit with
For Sale
$199,900
201 AVE ARTERIAL HOSTO, San Juan, PR 00918
Functional office layout with central air, a bathroom, mezzanine, and assigned parking.
Property Size780 SF
Price / SF$256.28
Days on Market64
Property Features for 201 AVE ARTERIAL HOSTO
General Information
Standard status
Active
Size
780 SF
Property subtype
Office
Amenities
Central Air
3
City Road, Asphalt.
Building Details
Year Built
1970
Listing Agency:
MARES - MANAGEMENT REALTY EXPERT
(939) 287-7097
Listed By:
Mayte Sotomayor Alonso · License #17905
Source:
Xome
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 4:21PM
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 MARES - MANAGEMENT REALTY EXPERT
Investment Insights
Based on property information with market context.
This approximately 780-square-foot office unit, built in 1970, provides several office areas, one bathroom, and a mezzanine within a practical commercial layout. A 5-ton central inverter air-conditioning system serves the space, and one assigned parking space is included.
The property is located at 201 AVE ARTERIAL HOSTO in San Juan, near the José Miguel Agrelot Coliseum, Plaza Las Américas, the Golden Mile, banks, restaurants, professional offices, public transportation, and major access roads. The surrounding commercial setting supports the office and professional uses identified for the property, including accounting, engineering, architecture, real estate, consulting, and other professional services.
The property is located at 201 AVE ARTERIAL HOSTO in San Juan, near the José Miguel Agrelot Coliseum, Plaza Las Américas, the Golden Mile, banks, restaurants, professional offices, public transportation, and major access roads. The surrounding commercial setting supports the office and professional uses identified for the property, including accounting, engineering, architecture, real estate, consulting, and other professional services.
Key Highlights
- Approximately 780 square feet of office space
- Mezzanine area with several office spaces
- 5‑ton central inverter air‑conditioning system
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
$10,786
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
5.40%
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%
$215,720
$215.7K
Cap Rate 7%
$154,086
$154.1K
Cap Rate 9%
$119,844
$119.8K
Market Conditions
NOI Build-Up for 780 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
$16.4K $21.00/SF
− Vacancy
−$2.0K −$2.56/SF
EGI
$14.4K $18.44/SF
− OpEx
−$3.6K −$4.61/SF
NOI
$10.8K $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%
$215,720
Cap Rate 7%
$154,086
Cap Rate 9%
$119,844
Alternative Uses
Best Use
Office B
$154.1K
$134.8K – $179.8K
NOI $10,786 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$190.9K
$167.1K – $222.8K
NOI $13,366 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 00918, PR
17,439
Population
10,830
Households
1.6
Avg Household Size
47
Median Age
60%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
6,459
Density / Sq Mi
$36,872
Median Household Income
$40,828
Median Earnings
$628
Median Rent
$216,600
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?
Office units - Functional office layout with central air, a bathroom, mezzanine, and assigned parking.
Where is this office units located?
The property is located at 201 AVE ARTERIAL HOSTO San Juan, PR.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Approximately 780 square feet of office space; Mezzanine area with several office spaces; 5‑ton central inverter air‑conditioning system
