Medical Office Suite with Private
308-B1 Calle Santa Cruz, San Juan, PR 00961
For Sale
$347,000
A third-floor suite offers a reception area, kitchenette, full bath and central air conditioning in a five-story commercial building.
Property Size903 SF
Price / SF$384.27
Days on Market33
Property Features for 308-B1 Calle Santa Cruz
General Information
Standard status
Size
Elevators
Zoning
Site & Location
Road Access
Utilities to Site
Additional Details
Floor
Property Use
Building Details
Buildings
Stories
Construction
Listing Agency:
BOCHECIAMP REAL ESTATE
Listed By:
Christopher Hernandez Bocheciamp · License #24140
(787) 612-8428
Source:
Exprealty
Added: Oct 6
Changed: Nov 6
Last Checked: Oct 26 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 BOCHECIAMP REAL ESTATE
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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.
This 903-square-foot medical office suite occupies the third floor of Carimed Plaza, a five-story concrete commercial building. Its plan includes a waiting area, reception, three private offices, a full bath, kitchenette and storage closet. Tile floors, gypsum board partitions and acoustic ceilings finish the space, with central air conditioning throughout. The building has three elevators and is zoned C-I Commercial Intermediate.
The property is on a corner lot along Calle Santa Cruz in Bayamon. Site and street features include concrete sidewalks, curb and gutter, street lighting, and public electricity, water and sewer. The suite is in FEMA Flood Zone X, outside the special flood hazard area.
The property is on a corner lot along Calle Santa Cruz in Bayamon. Site and street features include concrete sidewalks, curb and gutter, street lighting, and public electricity, water and sewer. The suite is in FEMA Flood Zone X, outside the special flood hazard area.
Key Highlights
- 903‑square‑foot suite on the third floor of Carimed Plaza
- Three private offices, waiting area and reception
- Full bath, kitchenette and storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,487
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,740
$249.7K
Cap Rate 7%
$178,386
$178.4K
Cap Rate 9%
$138,744
$138.7K
Market Conditions
NOI Build-Up for 903 SF
Gross rent
$19.0K $21.00/SF
− Vacancy
−$2.3K −$2.56/SF
EGI
$16.6K $18.44/SF
− OpEx
−$4.2K −$4.61/SF
NOI
$12.5K $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 Rate 5%
$249,740
Cap Rate 7%
$178,386
Cap Rate 9%
$138,744
Alternative Uses
Best Use
Office B
$178.4K
$156.1K – $208.1K
NOI $12,487 @ 7.0% cap · market cap 3.60%
Second Best
Healthcare Medical
$176.8K
$154.7K – $206.3K
NOI $12,379 @ 7.0% cap · market cap 3.57%
Theoretical Best
Specialty Retail
$221.1K
$193.4K – $257.9K
NOI $15,474 @ 7.0% cap · market cap 4.46%
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
Yes
Utilities to site
Location Intelligence
Demographics for 00961, PR
28,062
Population
13,214
Households
2.1
Avg Household Size
47
Median Age
40%
College-Educated
88%
High-School Grad
5.3 sq mi
ZIP Area
5,295
Density / Sq Mi
$37,015
Median Household Income
$25,056
Median Earnings
$736
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Office in San Juan, PR
Frequently Asked Questions
What type of property is this?
Medical Office Space - A third-floor suite offers a reception area, kitchenette, full bath and central air conditioning in a five-story commercial building.
Where is this medical office space located?
The property is located at 308-B1 Calle Santa Cruz San Juan, PR.
What is the asking price?
The asking price for this property is $347,000.
What are key features of this property?
This property features: 903‑square‑foot suite on the third floor of Carimed Plaza; Three private offices, waiting area and reception; Full bath, kitchenette and storage closet
