Six-Story Mixed-Use
302 CALLE FORTALEZA, San Juan, PR 00901
For Sale
$4,200,000
Commercial Sale, OLD SAN JUAN, PRI
Property Size24,000 SF
Lot Size0.10 Acres
Price / SF$175
Days on Market113
Property Features for 302 CALLE FORTALEZA
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Water source
Amenities
interior open atrium
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
VIDA URBANA
Listed By:
Andres Diaz Diaz · License PR #16364
(787) 632-8021
Added: Jul 22
Changed: Nov 10
Last Checked: Nov 11 at 1:06AM
MLS# PR9122954
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 302 Calle Fortaleza, this six-story concrete building offers 24,000 square feet, arranged as 4,000 square feet per floor. An open atrium on each level brings natural light into the interior and supports cross-ventilation. The building dates to 1960 and includes a non-operational elevator structure. A retail store on the ground floor is currently operational.
The property sits on a 0.1-acre parcel in Old San Juan, Puerto Rico. Public water service is available.
The property sits on a 0.1-acre parcel in Old San Juan, Puerto Rico. Public water service is available.
Key Highlights
- Six stories totaling 24,000 square feet, with 4,000 square feet on each floor
- Open atriums on every level provide natural light and cross‑ventilation
- Operational ground‑floor retail store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,208
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,564,160
$5.6M
Cap Rate 7%
$3,974,400
$4.0M
Cap Rate 9%
$3,091,200
$3.1M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$432.0K $18.00/SF
− Vacancy
−$34.6K −$1.44/SF
EGI
$397.4K $16.56/SF
− OpEx
−$119.2K −$4.97/SF
NOI
$278.2K $11.59/SF
Area
ZIP 00901
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,564,160
Cap Rate 7%
$3,974,400
Cap Rate 9%
$3,091,200
Alternative Uses
Best Use
Retail
$3.97M
$3.48M – $4.64M
NOI $278,208 @ 7.0% cap · market cap 6.62%
Second Best
Mixed Use
$3.70M
$3.24M – $4.32M
NOI $259,200 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$5.94M
$5.20M – $6.94M
NOI $416,102 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 00901, PR
6,218
Population
4,325
Households
1.4
Avg Household Size
47
Median Age
49%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
6,218
Density / Sq Mi
$25,810
Median Household Income
$27,676
Median Earnings
$646
Median Rent
$386,900
Median Home Value
Market
Vacancy Rate% for Retail in the U.S.
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor retail store operates within a concrete structure featuring open atriums on each level.
Where is this mixed-use property located?
The property is located at 302 CALLE FORTALEZA San Juan, PR.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Six stories totaling 24,000 square feet, with 4,000 square feet on each floor; Open atriums on every level provide natural light and cross‑ventilation; Operational ground‑floor retail store
