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    Expansive Land Parcel in Río Grande Title is generated by Realmo AI

    966 ZARZAL ROAD, Rio Grande 00745

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    Claim this Listing
    For Sale
    $1,675,000

    Land - RIO GRANDE, PR

    Lot size:
    37.68 Acres
    Added:
    May 15, 2026
    Days on Market:
    14
    Last Refresh:
    May 28 at 4:06 am

    Property Features for 966 ZARZAL ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-G
    Standard status
    Active
    APN
    119-000-002-18-000/119-000-002-19-001
    Lot size
    37.68 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    921.79

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alejandro Perez Hernandez

    Listing agent Alejandro Perez Hernandez License #21641

    Listing office ARK REAL ESTATE 1666 Ave. Ponce de Leon, San Juan

    Listing date May 15, 2026

    MLS# PR9121401 Listing URL

    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.

    HighLights

    • Large 40.57 Cuerdas Land Parcel: Offers substantial space.
    • Mountainous Topography with Breathtaking Elevated Views: Provides a secluded and scenic natural environment.
    • Zoned A‑G / SRC: Suitable for agricultural projects, eco‑conservation, or a private mountainous estate.
    • Located in Flood Zone X: Area is outside of high‑risk flood zones.
    • Road 966 Access: Facilitates connection to local utilities and nearby areas.
    • Proximity to El Yunque Foothills: Excellent investment for a large‑scale natural retreat.

    Overview

    Located on Road 966, Zarzal Ward, in Río Grande, PR, this expansive land parcel spans 40.57 cuerdas. The property features a mountainous topography, offering elevated views and a secluded natural environment. Access is provided via Road 966, facilitating connections to local utilities and nearby residential or eco-tourism areas in the northeastern region. Zoned A-G / SRC (General Agricultural / Common Rustic Soil), the property is best suited for agricultural projects, eco-conservation, or a private mountainous estate, supported by the Caguabo clay loam (CbF2) soil composition. The property has a value of approximately $41,286 for each cuerda. Environmental records indicate the entire terrain is situated within Flood Zone X, placing the area outside of high-risk flood zones. The property is 37.68 acres. This acreage represents an investment for those seeking a large-scale natural retreat near the foothills of the El Yunque region. CRIM is approximately $921.79 annually.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Rio Grande
    County
    Rio Grande
    State
    Longitude
    -65.79457656
    Latitude
    18.36470176

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Large land parcel suitable for agriculture, conservation, or private estate.
    Where is this agricultural land / farmland located?
    The property is located at 966 ZARZAL ROAD Rio Grande.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: Large 40.57 Cuerdas Land Parcel: Offers substantial space.; Mountainous Topography with Breathtaking Elevated Views: Provides a secluded and scenic natural environment.; Zoned A‑G / SRC: Suitable for agricultural projects, eco‑conservation, or a private mountainous estate.
    (787) 382-3720
    We can help!
    Listing Contact
    Alejandro Perez Hernandez
    Real Estate License ID: 21641
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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