Building Details

Year built 1980

Listing Agency: KW Puerto Rico Show Phone

Listed By: Fernando Rodriguez Show Phone

Added: Jun 24 Changed: Aug 26 Last Checked: Aug 31 at 10:06PM

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MLS# PRKW6C6500

Copyright © 2026 Amplia 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.

This two-story mixed-use property contains five independently configured spaces totaling approximately 2,250 square feet. The first floor includes three commercial storefronts, while the upper level has one residential space and one additional commercial space. Four of the five units are currently leased, including several occupancies that have continued for more than five years; one space remains available for use or leasing.

The approximately 0.133-acre parcel includes two water meters, with one currently active. The property is situated on Calle Villa in Ponce, surrounded by operating businesses and close to the city’s urban center. Its configuration supports continued multi-unit leasing as well as an owner-user arrangement with additional spaces producing rental income.

Key Highlights

• Five independent spaces totaling approximately 2,250 square feet
• Four of five spaces are currently leased; several tenants have occupied the property for more than 5 years
• Two‑story layout with 3 commercial spaces on the first level and 2 spaces upstairs

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

$19,217

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

6.99%

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%

$384,340 $384.3K

Cap Rate 7%

$274,529 $274.5K

Cap Rate 9%

$213,522 $213.5K

Market Conditions

NOI Build-Up for 2,250 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

$35.1K $15.60/SF

− Vacancy

−$4.4K −$1.93/SF

EGI

$30.7K $13.67/SF

− OpEx

−$11.5K −$5.12/SF

NOI

$19.2K $8.54/SF

Area

Ponce, PR

Vacancy

12.40%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

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%

$384,340

Cap Rate 7%

$274,529

Cap Rate 9%

$213,522

Alternative Uses

Best Use

Mixed Use

$274.5K

$240.2K – $320.3K (±1% cap)

NOI $19,217 @ 7.0% cap · market cap 6.99%

Second Best

Retail

$228.8K

$200.2K – $266.9K (±1% cap)

NOI $16,016 @ 7.0% cap · market cap 5.82%

Theoretical Best

Office A

$366.0K

$320.3K – $427.0K (±1% cap)

NOI $25,620 @ 7.0% cap · market cap 9.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Storefront properties

Location Intelligence

Demographics for 00730, PR

30,521

Population

17,177

Households

1.8

Avg Household Size

47

Median Age

30%

College-Educated

80%

High-School Grad

6.6 sq mi

ZIP Area

4,624

Density / Sq Mi

$18,077

Median Household Income

$18,722

Median Earnings

$496

Median Rent

$100,700

Median Home Value

Market

Vacancy Rate% for Retail in the U.S.

6.4% 2019

7.2% 2020

6.5% 2021

5.6% 2022

5.3% 2023

5.3% 2024

5.7% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story building with established occupancy and one space available for immediate use or additional leasing.

Where is this mixed-use property located?

The property is located at Calle Villa # 159 Ponce, PR.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Five independent spaces totaling approximately 2,250 square feet; Four of five spaces are currently leased; several tenants have occupied the property for more than 5 years; Two‑story layout with 3 commercial spaces on the first level and 2 spaces upstairs