Three-Story Mixed-Use
54 CALLE DR. VEVE, San Juan, PR 00961
For Sale
$695,000
Four apartments and two commercial suites combine residential and business space in one six-unit building.
Property Size6,000 SF
Price / SF$115.83
Days on Market130
Property Features for 54 CALLE DR. VEVE
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
separate electrical and water meters
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
BIANCA ACOSTA CIORDIA
Listed By:
Bianca Acosta Ciordia
(561) 945-2540
Source:
Micorredor
Added: Jul 3
Changed: Nov 7
Last Checked: Nov 8 at 7:39PM
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 BIANCA ACOSTA CIORDIA
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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.
The three-story mixed-use building contains 6,000 square feet and dates to 1960. Its six units comprise four apartments and two commercial spaces. The apartments include three 3-bedroom, 1-bathroom layouts and one 2-bedroom, 1-bathroom layout; the commercial spaces are at street level. Each unit has separate electrical and water meters.
The property is in Bayamon, Puerto Rico, within walking distance of the Urban Train station, hospitals, universities, shopping centers, restaurants, and other services. The residential and commercial spaces provide distinct components within a single property.
The property is in Bayamon, Puerto Rico, within walking distance of the Urban Train station, hospitals, universities, shopping centers, restaurants, and other services. The residential and commercial spaces provide distinct components within a single property.
Key Highlights
- Six units: four apartments and two commercial spaces
- Three‑story building with 6,000 square feet
- Apartment mix includes three 3‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,407
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,140
$1.1M
Cap Rate 7%
$762,957
$763.0K
Cap Rate 9%
$593,411
$593.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$102.0K $17.00/SF
− Vacancy
−$4.9K −$0.82/SF
EGI
$97.1K $16.18/SF
− OpEx
−$43.7K −$7.28/SF
NOI
$53.4K $8.90/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$17.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,140
Cap Rate 7%
$762,957
Cap Rate 9%
$593,411
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,962 @ 7.0% cap · market cap 13.81%
Second Best
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,680 @ 7.0% cap · market cap 12.33%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.71M
NOI $102,816 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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 Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments and two commercial suites combine residential and business space in one six-unit building.
Where is this mixed-use property located?
The property is located at 54 CALLE DR. VEVE San Juan, PR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Six units: four apartments and two commercial spaces; Three‑story building with 6,000 square feet; Apartment mix includes three 3‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit
