Four-Story Hotel With
For Sale
$4,500,000
San Juan, PR 00901, San Juan, PR 00901
Hotel/Apart Hotel, San Juan, PR
Property Size16,436 SF
Lot Size0.01 Acres
Price / SF$273.79
Days on Market37
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CT-3
Security features
Security
Interior features
Security Camera, Elevator, Water reserve tank, Total electric plant, BBQ, Bar
Exterior features
Marina Nearby, View-city, View-Bay
Accessibility
Accessible Elevator Installed
Subdivision
Puerta De Tierra (Sector)
Standard status
Active
Lot size
0.01 Acres
Utilities
Cooling system
Central Air
Water front
1
Amenities
elevator
generator
solar panels
rooftop terrace
private terraces
full kitchens
lobby
Building Details
Year built
2022
Roof type
Concrete
Listing Agency:
Ilia Martinez & Associates LLC
(787) 990-9500
Listed By:
Ilia Martinez
(787) 640-2546
Added: Jul 22
Changed: Aug 27
Last Checked: Aug 27 at 8:06PM
MLS# 65253
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.
Investment Insights
Based on property information with market context.
This four-story hotel in San Juan includes 16 guest suites, each with a full kitchen, dining area, living space, and private terrace. The approximately 16,436 SQFT property also provides a lobby with front desk, rooftop terrace, elevator access, central air, security cameras, a water reserve tank, and a concrete roof. The building was completed in 2022 and includes solar panels and a total electric plant.
The property is located in Puerta de Tierra near Old San Juan, with bay and city views and a marina nearby. Hotel and restaurant operations are in place, and the sale includes the real estate, furnishings, and equipment. Existing hospitality features include a bar and BBQ area, supporting the property's combined lodging and dining configuration.
The property is located in Puerta de Tierra near Old San Juan, with bay and city views and a marina nearby. Hotel and restaurant operations are in place, and the sale includes the real estate, furnishings, and equipment. Existing hospitality features include a bar and BBQ area, supporting the property's combined lodging and dining configuration.
Key Highlights
- Approximately 16,436 SQFT across a four‑story hotel building
- 16 guest suites with kitchens, living areas, dining spaces, and private terraces
- Operating hotel and restaurant components included in the sale
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
$220,111
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
4.89%
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%
$4,402,220
$4.4M
Cap Rate 7%
$3,144,443
$3.1M
Cap Rate 9%
$2,445,678
$2.4M
Market Conditions
NOI Build-Up for 16,436 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
$315.6K $19.20/SF
− Vacancy
−$22.1K −$1.34/SF
EGI
$293.5K $17.86/SF
− OpEx
−$73.4K −$4.46/SF
NOI
$220.1K $13.39/SF
Area
ZIP 00901
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$4,402,220
Cap Rate 7%
$3,144,443
Cap Rate 9%
$2,445,678
Alternative Uses
Best Use
Specialty Retail
$3.14M
$2.75M – $3.67M
NOI $220,111 @ 7.0% cap · market cap 4.89%
Second Best
Hotel Hospitality
$2.12M
$1.85M – $2.47M
NOI $148,397 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,961 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Demographics for 00901, PR
6,218
Population
4,325
Households
1.4
Avg Household Size
47
Median Age
49%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
6,218
Density / Sq Mi
$25,810
Median Household Income
$27,676
Median Earnings
$646
Median Rent
$386,900
Median Home Value
Market
Vacancy Rate% for Retail in the U.S.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Guest accommodations include full kitchens, living areas, dining spaces, and private terraces.
Where is this hotel located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 16,436 SQFT across a four‑story hotel building; 16 guest suites with kitchens, living areas, dining spaces, and private terraces; Operating hotel and restaurant components included in the sale
