Third-Floor Office
B1 CALLE SANTA CRUZ #308, San Juan, PR 00961
For Sale
$347,000
A reception area, three enclosed offices, and a full bath support a range of professional operations.
Property Size903 SF
Price / SF$384.27
Days on Market34
Property Features for B1 CALLE SANTA CRUZ #308
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Site & Location
Road Access
Utilities to Site
Additional Details
Floor
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
BOCHECIAMP REAL ESTATE
Listed By:
Christopher Hernandez Bocheciamp · License #24140
(787) 612-8428
Source:
Therodecollection
Added: Oct 5
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
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 BOCHECIAMP REAL ESTATE
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.
This 903-square-foot office suite occupies the third floor of Carimed Plaza, a five-story concrete commercial building completed in 2006. Its plan includes a waiting area, reception, three private offices, a full bath, kitchenette, and storage closet. Tile floors, gypsum board partitions, acoustic ceilings, and central air conditioning are installed throughout. The building has three elevators, and the suite is zoned C-I Commercial Intermediate.
The property is on Calle Santa Cruz in Bayamon, on a corner lot along a main thoroughfare. The site includes concrete sidewalks, curb and gutter, street lighting, and public electricity, water, and sewer. It is in FEMA Flood Zone X, outside the special flood hazard area.
The property is on Calle Santa Cruz in Bayamon, on a corner lot along a main thoroughfare. The site includes concrete sidewalks, curb and gutter, street lighting, and public electricity, water, and sewer. It is in FEMA Flood Zone X, outside the special flood hazard area.
Key Highlights
- 903‑square‑foot suite on the third floor of a five‑story concrete commercial building
- Interior includes a waiting area, reception, three private offices, full bath, kitchenette, and storage closet
- Central air conditioning throughout, with tile flooring and acoustic ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,487
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,740
$249.7K
Cap Rate 7%
$178,386
$178.4K
Cap Rate 9%
$138,744
$138.7K
Market Conditions
NOI Build-Up for 903 SF
Gross rent
$19.0K $21.00/SF
− Vacancy
−$2.3K −$2.56/SF
EGI
$16.6K $18.44/SF
− OpEx
−$4.2K −$4.61/SF
NOI
$12.5K $13.83/SF
Area
San Juan, PR
Vacancy
12.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,740
Cap Rate 7%
$178,386
Cap Rate 9%
$138,744
Alternative Uses
Best Use
Office B
$178.4K
$156.1K – $208.1K
NOI $12,487 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$221.1K
$193.4K – $257.9K
NOI $15,474 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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
$165,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in San Juan County, PR
Properties on Market for Office Units in San Juan County
Vacancy Rate% for Office in San Juan, PR
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, three enclosed offices, and a full bath support a range of professional operations.
Where is this office unit located?
The property is located at B1 CALLE SANTA CRUZ #308 San Juan, PR.
What is the asking price?
The asking price for this property is $347,000.
What are key features of this property?
This property features: 903‑square‑foot suite on the third floor of a five‑story concrete commercial building; Interior includes a waiting area, reception, three private offices, full bath, kitchenette, and storage closet; Central air conditioning throughout, with tile flooring and acoustic ceilings
