Renovated One-Story Restaurant
For Sale
$2,200,000
2475 LOIZA STREET, San Juan, PR 00913
Commercial Sale, SAN JUAN, PRI
Property Size7,467 SF
Lot Size0.17 Acres
Price / SF$294.63
Days on Market303
Property Features for 2475 LOIZA STREET
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CT-1
Directions
Take Expreso Roman Baldorioty de Castro (PR-26) toward the airport. Exit onto Calle Marginal Baldorioty, then turn left onto Isla Verde Avenue. Continue and take another left onto Loiza Street - the restaurant will be on your right in about 2 minutes. / Tome el Expreso Roman Baldorioty de Castro (PR-26) hacia el aeropuerto. Salga en la Calle Marginal Baldorioty y luego doble a la izquierda hacia la Avenida Isla Verde. Continue y doble nuevamente a la izquierda hacia la Calle Loiza - el restaurante estara a su derecha en aproximadamente 2 minutos.
Subdivision
00913 - San Juan
Standard status
Active
APN
041-054-176-04-001
Lot size
0.17 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Central Air, Humidity Control
Water source
Public
Building Details
Year built
1970
Flooring type
Tile - Ceramic
Building materials
Block, Cement Siding, Concrete
Roof type
Concrete
Listing Agency:
PUERTORICOYOURHOME.COM
Listed By:
Efrain Gonzalez Carrion · License #7912
(787) 717-3885
Added: Nov 12, 2025
Changed: Sep 5
Last Checked: Sep 11 at 12:06AM
MLS# PR9116974
Copyright © 2026 Stellar 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 one-story restaurant property contains 7,467 square feet within a 1970-built concrete structure. Improvements include high ceilings, glass facades, ceramic tile flooring, central air conditioning with humidity control, and approximately 20 on-site parking spaces. The building has a concrete roof, public water, public sewer, and natural gas availability. CT-1 zoning is identified as Comercial Turistico, with hospitality uses supported in the property information.
Located at 2475 Loiza Street in Punta Las Marias, the property is positioned near Isla Verde, Ocean Park, the beach, Condado, and Luis Munoz Marin Airport. The site is described as serving both local and tourist traffic. A 20-year NNN lease is in place, providing an established lease structure for the commercial asset.
Located at 2475 Loiza Street in Punta Las Marias, the property is positioned near Isla Verde, Ocean Park, the beach, Condado, and Luis Munoz Marin Airport. The site is described as serving both local and tourist traffic. A 20-year NNN lease is in place, providing an established lease structure for the commercial asset.
Key Highlights
- 7,467‑square‑foot one‑story restaurant building
- CT‑1 Comercial Turistico zoning
- Approximately 20 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
$127,955
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
5.82%
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%
$2,559,100
$2.6M
Cap Rate 7%
$1,827,929
$1.8M
Cap Rate 9%
$1,421,722
$1.4M
Market Conditions
NOI Build-Up for 7,467 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
$179.2K $24.00/SF
− Vacancy
−$8.6K −$1.15/SF
EGI
$170.6K $22.85/SF
− OpEx
−$42.7K −$5.71/SF
NOI
$128.0K $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%
$2,559,100
Cap Rate 7%
$1,827,929
Cap Rate 9%
$1,421,722
Alternative Uses
Best Use
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,955 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Demographics for 00913, PR
7,261
Population
3,825
Households
1.9
Avg Household Size
33
Median Age
26%
College-Educated
81%
High-School Grad
0.3 sq mi
ZIP Area
24,203
Density / Sq Mi
$6,229
Median Household Income
$18,253
Median Earnings
$268
Median Rent
$431,000
Median Home Value
Market
Vacancy Rate% for Retail in the U.S.
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - CT-1 zoning, restaurant improvements, and on-site parking create a hospitality-focused commercial property.
Where is this conventional restaurant located?
The property is located at 2475 LOIZA STREET San Juan, PR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7,467‑square‑foot one‑story restaurant building; CT‑1 Comercial Turistico zoning; Approximately 20 on‑site parking spaces
