Flex Space With
617 AVE. ANDALUCIA, San Juan, PR 00920
For Sale
$450,000
Office and warehouse areas are complemented by a separate entrance and dedicated bathroom.
Property Size3,372 SF
Lot Size0.06 Acres
Price / SF$133.45
Days on Market32
Property Features for 617 AVE. ANDALUCIA
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
MICORREDOR.COM
Listed By:
Arnaldo Gonzalez Ortiz
(787) 717-0187
Source:
Micorredor
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 1:02PM
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 MICORREDOR.COM
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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.
Built in 1980, this flex property combines office and administrative areas with warehouse space. A roll-up loading door serves the warehouse, while a separate area has its own entrance and bathroom. The property has two bathrooms overall and six parking spaces on a 263-square-meter lot.
Located at 617 Ave. Andalucia in San Juan, Puerto Rico, the building includes distinct office, warehouse, and separately accessed space.
Located at 617 Ave. Andalucia in San Juan, Puerto Rico, the building includes distinct office, warehouse, and separately accessed space.
Key Highlights
- Office and warehouse areas within one flex property
- Roll‑up loading door provides warehouse access
- Separate area has its own entrance and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,559
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,180
$751.2K
Cap Rate 7%
$536,557
$536.6K
Cap Rate 9%
$417,322
$417.3K
Market Conditions
NOI Build-Up for 3,372 SF
Gross rent
$60.7K $18.00/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$57.8K $17.14/SF
− OpEx
−$20.2K −$6.00/SF
NOI
$37.6K $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%
$751,180
Cap Rate 7%
$536,557
Cap Rate 9%
$417,322
Alternative Uses
Best Use
Flex RnD
$536.6K
$469.5K – $626.0K
NOI $37,559 @ 7.0% cap · market cap 8.35%
Second Best
Warehouse
$356.4K
$311.8K – $415.8K
NOI $24,945 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$825.5K
$722.3K – $963.1K
NOI $57,783 @ 7.0% cap · market cap 12.84%
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 and warehouse areas are complemented by a separate entrance and dedicated bathroom.
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: Office and warehouse areas within one flex property; Roll‑up loading door provides warehouse access; Separate area has its own entrance and bathroom
