Art Deco Mixed-Use
For Sale
$990,000
San Juan, PR 00909, San Juan, PR 00909
Building, San Juan, PR
Property Size4,815 SF
Lot Size0.01 Acres
Price / SF$205.61
Days on Market44
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Others
Exterior features
Quiet Area
Subdivision
Santurce (Barrio)
Standard status
Active
Lot size
0.01 Acres
Amenities
camera and sound system
60 kW generator
500-gallon cistern
balcony with Jacuzzi
Building Details
Year built
1925
Listing Agency:
Keller Williams Grand Homes · Keller Williams Realty
Listed By:
Orbe Soto
(787) 706-8400
Added: Aug 19
Last Checked: Oct 1 at 1:06PM
MLS# 58446
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 4,815-square-foot mixed-use building combines a remodeled restaurant with two residential apartments across three levels. Built in 1925, the property retains an Art Deco architectural character while incorporating updated interiors and operating equipment.
The restaurant occupies 2,297 square feet on the first floor and includes a dining room, bar area, equipped kitchen, two bathrooms, and rear parking access. Its improvements include high ceilings, modern flooring, camera and sound systems, a 60 kW generator serving the building, and a 500-gallon cistern.
Each upper floor contains a 1,259-square-foot apartment. The second-floor residence has three bedrooms, two bathrooms, a living room, kitchen, and dining area. The third-floor apartment includes three bedrooms, one bathroom, a glass-enclosed living area, and a balcony with a Jacuzzi. Paved parking accommodates 4 vehicles. The property is located in Santurce, San Juan, Puerto Rico, in Zone X outside flood-prone areas.
The restaurant occupies 2,297 square feet on the first floor and includes a dining room, bar area, equipped kitchen, two bathrooms, and rear parking access. Its improvements include high ceilings, modern flooring, camera and sound systems, a 60 kW generator serving the building, and a 500-gallon cistern.
Each upper floor contains a 1,259-square-foot apartment. The second-floor residence has three bedrooms, two bathrooms, a living room, kitchen, and dining area. The third-floor apartment includes three bedrooms, one bathroom, a glass-enclosed living area, and a balcony with a Jacuzzi. Paved parking accommodates 4 vehicles. The property is located in Santurce, San Juan, Puerto Rico, in Zone X outside flood-prone areas.
Key Highlights
- 4,815‑square‑foot mixed‑use building with a remodeled restaurant and two apartments
- First‑floor restaurant measures 2,297 square feet and includes an equipped kitchen and bar area
- Two upper‑level apartments each contain 1,259 square feet
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
$82,510
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
8.33%
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%
$1,650,200
$1.7M
Cap Rate 7%
$1,178,714
$1.2M
Cap Rate 9%
$916,778
$916.8K
Market Conditions
NOI Build-Up for 4,815 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
$115.6K $24.00/SF
− Vacancy
−$5.5K −$1.15/SF
EGI
$110.0K $22.85/SF
− OpEx
−$27.5K −$5.71/SF
NOI
$82.5K $17.14/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$24.00 /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%
$1,650,200
Cap Rate 7%
$1,178,714
Cap Rate 9%
$916,778
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,510 @ 7.0% cap · market cap 8.33%
Second Best
Mixed Use
$982.3K
$859.5K – $1.15M
NOI $68,758 @ 7.0% cap · market cap 6.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 00909, PR
6,987
Population
3,982
Households
1.8
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
0.7 sq mi
ZIP Area
9,981
Density / Sq Mi
$26,066
Median Household Income
$21,366
Median Earnings
$719
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled restaurant and two apartments occupy a versatile commercial property in Santurce.
Where is this mixed-use property located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 4,815‑square‑foot mixed‑use building with a remodeled restaurant and two apartments; First‑floor restaurant measures 2,297 square feet and includes an equipped kitchen and bar area; Two upper‑level apartments each contain 1,259 square feet
