Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Mixed-Use Space in Ponce Title is generated by Realmo AI

    2844 AV ROOSEVELT, Ponce 00716

    View on Map
    Claim this Listing
    For Lease
    $1,900/Mo $2 SF/Yr (calc)

    Mixed Use - PONCE, PR

    Type:Mixed Use
    Property size:
    9,416 SF
    Lot size:
    0.02 Acres
    Added:
    Oct 6, 2025
    Days on Market:
    234
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for 2844 AV ROOSEVELT

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    389-062-504-01
    Size
    9,416 SF
    Lot size
    0.02 Acres

    Building Details

    Year built
    1960
    Building materials
    Block, Cement Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Uma Blasini

    Listing agent Uma Blasini License #20671

    Listing office BLASINI REALTY GROUP 2831 Boulevard Luis A. Ferre, Ponce

    Listing date Oct 6, 2025

    MLS# PR9116507 Listing URL

    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.

    HighLights

    • Prime location in the heart of Ponce's Historic District on Avenida Roosevelt.
    • Fully renovated space with approximately 2,000 square feet.
    • Includes a waiting area, kitchenette, and two modern bathrooms.
    • Features two large offices with the option to convert into three.
    • Strategically located near the Ponce Museum of Art, Santa María Shopping Center, and the city's public square.
    • Suitable for a variety of businesses including accounting firms, law offices, retail shops, or professional studios.

    Overview

    Located on Avenida Roosevelt in the heart of Ponce’s Historic District, this commercial property offers approximately 2,000 square feet of construction. The fully renovated space features a welcoming waiting area, a kitchenette, two modern bathrooms, and two large offices with the option to convert them into three. The property is strategically situated steps from the Ponce Museum of Art, the Santa María Shopping Center, and the city’s public square, combining accessibility, elegance, and convenience. It is ideal for accounting firms, law offices, medical practices, boutiques, retail shops, or professional studios. The property has a lot size of 0.02 acres and a property size of 9416 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Ponce
    County
    Ponce
    State
    Longitude
    -66.615996
    Latitude
    18.008399

    Nearby Similar for Lease

    • $1,700/Mo
      861 SF

      Move-In Ready Ponce Office Space

      Renovated, furnished office with strategic location in Ponce, PR.
      1396 CALLE BONITA, PONCE, 00716
      View Details
    • $5,000/Mo
      1,229 SF

      Renovated Office Space in Ponce

      Fully renovated office space with parking on Avenida Las Américas.
      2822 AVE LAS AMÉRICAS, PONCE, 00717
      View Details
    • $1,500/Mo
      4,097 SF

      Commercial Space in Historic Hotel

      Commercial space for rent in the heart of Ponce.
      75 CRISTINA, PONCE, 00730
      View Details
    • $1,800/Mo
      15,381 SF

      Turnkey Restaurant Space in Ponce

      Restaurant space in Hotel Fox, Ponce's Historic District.
      88 CALLE REINA ST, PONCE, 00730
      View Details
    • $3,900/Mo
      3,983 SF

      Commercial Premises on Fagot Avenue

      Two-level commercial property in Ponce, ready for immediate occupancy.
      Calle 1 Blq A JARDINES DE FAGOT, PONCE, 00716
      View Details
    • $10 SF/Yr
      68,959 SF

      Ponce Industrial Property for Lease

      Industrial property with office and warehouse space in Ponce, PR.
      22 SABANETAS INDUSTRIAL PARK, PONCE, 00731
      View Details
    • $4,300/Mo
      15,000 SF

      Equipped Restaurant Space in Ponce

      Restaurant space for rent in prime Ponce location.
      86 CALLE REINA ST, PONCE, 00730
      View Details
    • $14 SF/Yr
      153,499 SF

      Santa Maria Shopping Center Spaces

      Retail and office spaces available for rent in Ponce.
      1 FERROCARRIL, PONCE, 00728
      View Details
    • $2,000/Mo
      200 SF

      Meliá Hotel Restaurant Space

      Restaurant space for rent in the emblematic Meliá Hotel.
      75 CALLE CRISTINA, PONCE, 00730
      View Details
    • $8 SF/Yr
      40,000 SF

      Ponce Warehouse in Reparada Park

      40,000 SF warehouse for rent in Ponce.
      20 REPARADA INDUSTRIAL PARK, 4TH ST. LOT 20, PONCE, 00731
      View Details
    • $3,500/Mo
      4,500 SF

      Corner Commercial Property in Ponce

      Large mixed-use property with parking near Plaza las Delicias.
      Local 2 Edificio Zamora MAYOR CANTERA ST, PONCE, 00730
      View Details
    • $1,800/Mo
      90 SF

      Ponce Bar For Rent

      Bar for rent in front of Plaza de Ponce.
      C. Isabel-muñoz Rivera C. ISABEL-MUÑOZ RIVERA, PONCE, 00730
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Spacious, renovated commercial property in Ponce's Historic District.
    Where is this mixed-use property located?
    The property is located at 2844 AV ROOSEVELT Ponce.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: Prime location in the heart of Ponce's Historic District on Avenida Roosevelt.; Fully renovated space with approximately 2,000 square feet.; Includes a waiting area, kitchenette, and two modern bathrooms.
    (787) 600-1882
    We can help!
    Listing Contact
    Uma Blasini
    Real Estate License ID: 20671
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2844 AV ROOSEVELT, PONCE, 00716
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!