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    H-44 Marginal Carr. # 2 BO ESPINOSA Vega Alta 00692

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    Pending
    $225,000

    Mixed Use - VEGA ALTA, PR

    Type:Mixed Use
    Property size:
    2,105 SF
    Lot size:
    0.05 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    13
    Last Refresh:
    May 4 at 11:06 pm

    Property Features for H-44 Marginal Carr. # 2 BO ESPINOSA

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    APN
    058-080-046-07-001
    Size
    2,105 SF
    Lot size
    0.05 Acres

    Utilities

    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1970
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Fernando Rodriguez

    Listing agent Fernando Rodriguez License #19191

    Listing office KELLER WILLIAMS GRAND HOMES 612 Aldebaran St., San Juan

    Listing date Apr 22, 2026

    MLS# PR9120955 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.

    Overview

    Vega Alta Commercial Property For Sale

    Located on the Service Road of Highway PR-2 in the Santa Rita Development, Espinosa Ward, Vega Alta, this one-story commercial property offers high commercial visibility and easy access. The property consists of two independent commercial spaces, totaling approximately 2,105 square feet on a lot of approximately 364 square meters. Constructed of concrete block, the single-level building is zoned C-I (Intermediate Commercial) and classified as Urban Land (SU) under the current Land Use Plan. The location is outside of a flood hazard area (Zone X). Space 1, approximately 800 square feet, is currently leased to a clinical laboratory with over 10 years as an active tenant. Space 2, approximately 1,300 square feet and includes two bathrooms, is vacant and available for a new commercial use or an additional tenant. There are five parking spaces directly in front of the property, with additional parking available along the service road. The price reflects the current as-is condition with identified deferred maintenance in the vacant space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Vega Alta
    County
    Toa Baja
    State
    Longitude
    -66.3319
    Latitude
    18.4144

    Nearby Similar for Sale

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      5,099 SF

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      690 LOS NABORIAS STREET, VEGA ALTA, 00692
      View Details
    • $755,000
      24,130 SF

      Vega Alta Commercial Building

      Commercial building in Vega Alta, PR, near transportation.
      647 CARR CANDELARIA, Vega Alta, 00692
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - One-story commercial property with two spaces in high-traffic location.
    Where is this mixed-use property located?
    The property is located at H-44 Marginal Carr. # 2 BO ESPINOSA Vega Alta.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: High‑traffic location on Highway PR‑2 service road with strong commercial visibility and easy access; Two independent commercial spaces totaling 2,105 sq ft, offering flexible usage and income potential; Space 1 (800 sq ft) is currently leased to a long‑term (10+ years) clinical laboratory, providing immediate income
    (787) 706-8400
    We can help!
    Listing Contact
    Fernando Rodriguez
    Real Estate License ID: 19191
    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.

    More about this property
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    H-44 Marginal Carr. # 2 BO ESPINOSA, VEGA ALTA, 00692
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