Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Route 66 Land Opportunity Title is generated by Realmo AI

    CARR 857 BARRIO CANOVANILLAS CAROLINA, Canovanas 00729

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    Vacant Lot - Carolina, Carolina, PR

    Lot size:
    47,684.00 Acres
    Added:
    May 1, 2026
    Days on Market:
    12
    Last Refresh:
    May 12 at 5:06 pm

    Property Features for CARR 857 BARRIO CANOVANILLAS CAROLINA

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1,RT-1
    Standard status
    Active
    Lot size
    47,684.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1300

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marilyn I. Ramos

    Listing agent Marilyn I. Ramos

    Listing office Property Locators Real Estate

    Listing date May 1, 2026

    MLS# 63901 Listing URL

    Copyright © 2026 Xposure. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on Route 66 and the Roberto Sánchez Vilella Expressway.
    • Large acreage: 47,684 m² (12.14 acres) of flat land.
    • Zoning allows for Residential and Eco‑Tourism development (R‑1, RT‑1).
    • Proximity to the San Juan metropolitan area and the eastern part of the island.
    • Close to the International Airport (10 minutes).
    • Adjacent 30.4‑acre property also for sale by the same owner.

    Overview

    This 12.14-acre (47,684 m²) vacant lot is located on Route 66, specifically on the Roberto Sánchez Vilella Expressway in Carolina, PR, and is approximately 10 minutes from the International Airport. The acreage is flat. Zoned R-1 and RT-1, the property allows for residential and eco-tourism development. Its location is considered prime, with recent acquisitions in the area indicating urban development. The property's proximity to the metropolitan area and the eastern part of the island makes it attractive for development. The adjacent 30.4-acre property is under the same ownership and is also for sale. A water feature, the Canovanillas River, is included on the property. It is accessible to Highway 66, providing access to the Carolina/San Juan metropolitan areas. The property is considered ideal for developers and presents a high development potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Canovanas
    County
    Toa Baja
    State
    Longitude
    -65.9126
    Latitude
    18.3747

    Nearby Similar for Sale

    • $57,000

      Corner Lot in Villa Conquistador

      377 square meter corner lot, ideal for building a home.
      4-K CALLE 12, Canovanas, Canovanas, 00729
      View Details
    • $3,100,000

      Land for Development or Dream Home

      18.61 acres of land in Canovanas, PR.
      185 BO CAMPO RICO, SEC. PENIEL , CARR 185 KM 5.8, Canovanas, 00729
      View Details
    • $385,000

      Two-Unit Multifamily Property in Canóvanas

      Two-unit property near PR-185 with income potential.
      Dual-Unit Income Property: 6 BR, 2 Carports & 1,000+ m² Lot, Canóvanas, 00729
      View Details
    • $323,000

      Expansive Land with Development Potential

      28 acres of versatile land suitable for various development projects.
      Pr 185 Km 7.3 INT Campo Rico, Canovanas, , 00729
      View Details
    • $110,000

      2.33 Acres Farm with Ocean Views

      2.33 acres farm with ocean views in Canóvanas, PR
      Bo. Campo Rico Carr 9957 Solar F KM3.2, , 00729
      View Details
    • $4,250,000

      17 Acres Land in Canovanas

      17 acres of land for sale in Canovanas, PR.
      KM 5 CARR 954, Hato Puerco, Canovanas, 00729
      View Details
    • $200,000

      Land in Canovanas, PR

      Land for sale in Canovanas, different uses!
      185 CARR KM 15.7 SECTOR LAS 400 BO CUBUY, CANOVANAS, 00729
      View Details
    • $20,080,000
      367,393 SF

      Land Parcel for Shopping Center

      33-acre parcel approved for a 360,000 SF shopping center.
      66 ROAD 66 & ROAD 3, CANOVANAS, 00729
      View Details

    FAQs

    What type of property is this?
    Commercial land - 12.14 acres on Route 66, Carolina, PR. Development potential.
    Where is this commercial land located?
    The property is located at CARR 857 BARRIO CANOVANILLAS CAROLINA Canovanas.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime location on Route 66 and the Roberto Sánchez Vilella Expressway.; Large acreage: **47,684 m² (12.14 acres) of flat land.**; Zoning allows for Residential and Eco‑Tourism development (R‑1, RT‑1).
    (787) 688-8800
    We can help!
    Listing Contact
    Marilyn I. Ramos
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    CARR 857 BARRIO CANOVANILLAS, CAROLINA, Carolina, Carolina, 00729
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!