Four-Unit Professional Office
For Sale
Under Contract
$205,000
8169 CONCORDIA STREET, Ponce, PR 00717
Commercial Sale, PONCE, PRI
Property Size2,304 SF
Lot Size0.05 Acres
Price / SF$88.98
Days on Market110
Property Features for 8169 CONCORDIA STREET
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
ZH
Directions
San Vicente Condominium is located at 8169 Concordia Street in downtown Ponce, Puerto Rico. From PR-2 or Las Americas Avenue, head toward the city center and continue to Concordia Street, where the building is conveniently situated just minutes from Plaza Las Delicias and the Cathedral of Ponce, with easy access to medical offices, restaurants, and other local amenities.
Subdivision
00717 - Ponce
Standard status
Active Under Contract
APN
389-062-470-15-746
Size
2,304 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
ZH (PLE8) Map 093 (Historic Zone)
Tax Annual Amount
1529
Legal Description
ZH (PLE8) Map 093 (Historic Zone)
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
backup generator
common restrooms
Building Details
Year built
1964
Building materials
Block, Concrete, Metal Frame
Roof type
Concrete
Listing Agency:
SOSA REAL ESTATE PR
Listed By:
Francisco Sosa · License #20215
(787) 310-6609
Added: Jun 11
Changed: Aug 24
Last Checked: Sep 28 at 3:06AM
MLS# PR9122059
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.
Investment Insights
Based on property information with market context.
Four professional office units—#310, #311, #312, and #313—are offered together within San Vicente Condominium in Ponce, Puerto Rico. The combined property contains 2,304 square feet, includes three private restrooms, and has access to common restrooms for visitors. Four assigned parking spaces accompany the units.
Building features include two elevators and backup generator facilities. The property was built in 1964 and uses block, concrete, and metal-frame construction with a concrete roof. Central air, public water, and public sewer serve the office units. ZH zoning is identified for the property.
Building features include two elevators and backup generator facilities. The property was built in 1964 and uses block, concrete, and metal-frame construction with a concrete roof. Central air, public water, and public sewer serve the office units. ZH zoning is identified for the property.
Key Highlights
- Four office units—#310, #311, #312, and #313—offered together
- Combined 2,304 square feet with 3 private restrooms
- Four assigned parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,481
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,620
$369.6K
Cap Rate 7%
$264,014
$264.0K
Cap Rate 9%
$205,344
$205.3K
Market Conditions
NOI Build-Up for 2,304 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.8K $13.80/SF
− Vacancy
−$7.2K −$3.11/SF
EGI
$24.6K $10.70/SF
− OpEx
−$6.2K −$2.67/SF
NOI
$18.5K $8.02/SF
Area
Ponce, PR
Vacancy
22.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,620
Cap Rate 7%
$264,014
Cap Rate 9%
$205,344
Alternative Uses
Best Use
Healthcare Medical
$321.0K
$280.9K – $374.5K
NOI $22,470 @ 7.0% cap · market cap 10.96%
Second Best
Office B
$264.0K
$231.0K – $308.0K
NOI $18,481 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$374.8K
$327.9K – $437.3K
NOI $26,235 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Demographics for 00717, PR
14,199
Population
8,946
Households
1.6
Avg Household Size
46
Median Age
33%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
5,916
Density / Sq Mi
$13,282
Median Household Income
$14,831
Median Earnings
$492
Median Rent
$111,000
Median Home Value
Market
Vacancy Rate% for Office in the U.S.
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Condominium office property with private restrooms, assigned parking, elevators, and backup generator facilities.
Where is this office units located?
The property is located at 8169 CONCORDIA STREET Ponce, PR.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Four office units—#310, #311, #312, and #313—offered together; Combined 2,304 square feet with 3 private restrooms; Four assigned parking spaces included
