Flex Space with
617 AVE. ANDALUCIA, San Juan, PR 00920
For Sale
$450,000
Commercial Sale, SAN JUAN, PRI
Property Size2,491 SF
Lot Size0.10 Acres
Price / SF$180.65
Days on Market51
Property Features for 617 AVE. ANDALUCIA
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Utilities
Cooling system
Building Details
Year built
Building materials
Listing Agency:
MICORREDOR.COM
(787) 717-0187
Listed By:
Arnaldo Gonzalez Ortiz
(939) 341-4254
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 11 at 4:06AM
MLS# PR9124393
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.
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.
Concrete construction and a functional mix of office and warehouse areas define this flex property. A roll-up door serves the warehouse, while another room has its own entrance and bathroom. The building also contains two bathrooms and window-unit cooling.
Six parking spaces are provided. The property was built in 1980 and is located at 617 Ave. Andalucia in San Juan, Puerto Rico.
Six parking spaces are provided. The property was built in 1980 and is located at 617 Ave. Andalucia in San Juan, Puerto Rico.
Key Highlights
- Warehouse area served by a roll‑up loading door
- Separate room has its own entrance and bathroom
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,746
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,920
$554.9K
Cap Rate 7%
$396,371
$396.4K
Cap Rate 9%
$308,289
$308.3K
Market Conditions
NOI Build-Up for 2,491 SF
Gross rent
$44.8K $18.00/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$42.7K $17.14/SF
− OpEx
−$14.9K −$6.00/SF
NOI
$27.7K $11.14/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,920
Cap Rate 7%
$396,371
Cap Rate 9%
$308,289
Alternative Uses
Best Use
Flex RnD
$396.4K
$346.8K – $462.4K
NOI $27,746 @ 7.0% cap · market cap 6.17%
Second Best
Warehouse
$263.2K
$230.3K – $307.1K
NOI $18,427 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$609.8K
$533.6K – $711.4K
NOI $42,686 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 00920, PR
14,798
Population
8,916
Households
1.7
Avg Household Size
47
Median Age
38%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
4,111
Density / Sq Mi
$29,914
Median Household Income
$19,996
Median Earnings
$753
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Industrial in the U.S.
Frequently Asked Questions
What type of property is this?
Flex space - Office areas, a loading door, and a separately accessed room support varied business functions.
Where is this flex space located?
The property is located at 617 AVE. ANDALUCIA San Juan, PR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Warehouse area served by a roll‑up loading door; Separate room has its own entrance and bathroom; Two bathrooms
