Building Details

Year built 1970

Listing Agency: KW Puerto Rico Show Phone

Listed By: Veronica Rivera Show Phone

Added: Sep 30 Changed: Oct 1 Last Checked: Oct 6 at 5:06PM

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MLS# PRKWA12600

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.

The 2,827-square-foot property combines six apartments, each with its own bathroom, with an administrative and commercial area. The office component has three rooms, a full bathroom, a pantry area and dedicated storage. A separate commercial or storage unit provides additional interior space. The site measures 614 square meters and includes private parking and a spacious patio.

Located on Ave. Galicia in Carolina, the property has direct frontage on the avenue and access to the Baldorioty de Castro and nearby commercial areas. The land classification is Suelo Urbano. Separate utility meters include two electric meters and one water meter.

Key Highlights

• Six apartments, each with a private bathroom
• 2,827 square feet of building area on a 614‑square‑meter site
• Administrative area with 3 office rooms, a full bathroom, pantry space and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,063

Cap Rate

4.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$481,260 $481.3K

Cap Rate 7%

$343,757 $343.8K

Cap Rate 9%

$267,367 $267.4K

Market Conditions

NOI Build-Up for 2,827 SF

Gross rent

$44.1K $15.60/SF

− Vacancy

−$5.6K −$1.98/SF

EGI

$38.5K $13.62/SF

− OpEx

−$14.4K −$5.11/SF

NOI

$24.1K $8.51/SF

Area

Carolina, PR

Vacancy

12.70%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$481,260

Cap Rate 7%

$343,757

Cap Rate 9%

$267,367

Alternative Uses

Best Use

Mixed Use

$343.8K

$300.8K – $401.1K (±1% cap)

NOI $24,063 @ 7.0% cap · market cap 4.38%

Second Best

Apartment 5plus

$301.3K

$263.6K – $351.5K (±1% cap)

NOI $21,091 @ 7.0% cap · market cap 3.83%

Theoretical Best

Office A

$586.7K

$513.4K – $684.5K (±1% cap)

NOI $41,070 @ 7.0% cap · market cap 7.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mixed-use properties

Location Intelligence

Demographics for 00983, PR

31,889

Population

16,240

Households

2

Avg Household Size

46

Median Age

31%

College-Educated

90%

High-School Grad

4.3 sq mi

ZIP Area

7,416

Density / Sq Mi

$33,930

Median Household Income

$22,188

Median Earnings

$601

Median Rent

$156,400

Median Home Value

Market

Vacancy Rate% for Multifamily in the U.S.

7.1% 2022

8.3% 2023

9.3% 2024

9.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Office space and a separate commercial/storage area accompany the apartment units.

Where is this mixed-use property located?

The property is located at Urb Vista Mar Ave Galicia 679 Carolina, PR.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Six apartments, each with a private bathroom; 2,827 square feet of building area on a 614‑square‑meter site; Administrative area with 3 office rooms, a full bathroom, pantry space and storage