Six-Story Mixed-Use
302 Calle Fortaleza, San Juan, PR 00901
For Sale
New
$4,800,000
An operating ground-floor shop occupies a multi-level property with interior atriums on its floors.
Property Size24,000 SF
Price / SF$200
Days on Market2
Property Features for 302 Calle Fortaleza
General Information
Standard status
Size
Additional Details
Road Access
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
Concrete
false
6
Public
4000
0.1
Brick,Limerock
Concrete Perimeter,Stilt/On Piling
Business District,City Street
24000
1
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
VIDA URBANA
(352) 306-3806
Listed By:
James Tucker
Source:
Optimaonerealty
Added: Nov 6
Last Checked: Nov 6 at 2:34PM
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 VIDA URBANA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-story mixed-use building contains 24,000 square feet, arranged as 4,000 square feet per floor. Interior atriums bring natural light into the floors and support cross-ventilation. The property also includes an elevator shaft and structure that are not operational, along with a retail store operating at street level.
Located at 302 Calle Fortaleza in Old San Juan, the building was constructed in 1960.
Located at 302 Calle Fortaleza in Old San Juan, the building was constructed in 1960.
Key Highlights
- 24,000 square feet across six floors, with 4,000 square feet per floor
- Operating retail store on the ground floor
- Interior atriums on the floors provide natural light and cross‑ventilation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,208
Cap Rate
5.80%
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 5.80%
Second Best
Mixed Use
$3.70M
$3.24M – $4.32M
NOI $259,200 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$5.94M
$5.20M – $6.94M
NOI $416,102 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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 - An operating ground-floor shop occupies a multi-level property with interior atriums on its floors.
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 $4,800,000.
What are key features of this property?
This property features: 24,000 square feet across six floors, with 4,000 square feet per floor; Operating retail store on the ground floor; Interior atriums on the floors provide natural light and cross‑ventilation
