Equipped Office
New
For Sale
$700,000
San Juan, PR 00920, San Juan, PR 00920
Building, San Juan, PR
Property Size3,197 SF
Lot Size0.01 Acres
Price / SF$218.96
Days on Market4
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CR-1
Parking
9
Parking features
Open
Security features
Security
Interior features
Wheelchair Access, Security Camera, Alarm, Water reserve tank, Total electric plant
Exterior features
Shopping Nearby, Water Connection, Underground Services, View - Street, Flat Lot
Accessibility
Accessible Approach with Ramp
Subdivision
Caparra Heights (Urbanizacion)
Standard status
Active
Lot size
0.01 Acres
Utilities
Cooling system
Central Air
Amenities
security system
alarm
video doorbell
13kW generator
water cistern
cameras
inverter air conditioners
fire extinguishers
accordion-style storm shutters
ramp for people with disabilities
conference room
kitchen
reception area
Building Details
Year built
1965
Flooring type
Tile - Ceramic, Cement
Roof type
Concrete
Listing Agency:
Bridgeport
(787) 615-7610
Listed By:
Alexander Rivera
(787) 615-7610
Added: Aug 25
Last Checked: Aug 28 at 11:06PM
MLS# 66468
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 two-story office building provides 3,197 square feet of interior area on a 332-square-meter parcel. The first level includes five furnished offices, a reception area, kitchen, bathroom, and conference room sized for 20 to 25 people. Upstairs are four offices, space for two additional offices, a larger conference room, and a double bathroom serving men and women. Office furniture and kitchen appliances are included.
The property is on Escorial Avenue between Roosevelt Avenue and Pineiro Avenue in San Juan, near San Patricio Plaza. Improvements include eight to 10 open parking spaces, a ramp, security cameras, an alarm, video doorbell, accordion storm shutters, fire extinguishers, inverter air conditioners, a 13kW generator, and a water cistern. The building has two electricity meters, two water meters, central air, ceramic tile and cement flooring, and a concrete roof. Zoning is CR-1; construction dates to 1965.
The property is on Escorial Avenue between Roosevelt Avenue and Pineiro Avenue in San Juan, near San Patricio Plaza. Improvements include eight to 10 open parking spaces, a ramp, security cameras, an alarm, video doorbell, accordion storm shutters, fire extinguishers, inverter air conditioners, a 13kW generator, and a water cistern. The building has two electricity meters, two water meters, central air, ceramic tile and cement flooring, and a concrete roof. Zoning is CR-1; construction dates to 1965.
Key Highlights
- 3,197 square feet of interior area on a 332‑square‑meter parcel
- Five offices and a conference room for 20 to 25 people on the first floor
- Four second‑floor offices with room for 2 additional offices
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
$44,210
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
6.32%
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%
$884,200
$884.2K
Cap Rate 7%
$631,571
$631.6K
Cap Rate 9%
$491,222
$491.2K
Market Conditions
NOI Build-Up for 3,197 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
$67.1K $21.00/SF
− Vacancy
−$8.2K −$2.56/SF
EGI
$58.9K $18.44/SF
− OpEx
−$14.7K −$4.61/SF
NOI
$44.2K $13.83/SF
Area
San Juan, PR
Vacancy
12.20%
Lease Rate
$21.00 /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%
$884,200
Cap Rate 7%
$631,571
Cap Rate 9%
$491,222
Alternative Uses
Best Use
Office B
$631.6K
$552.6K – $736.8K
NOI $44,210 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$782.6K
$684.8K – $913.1K
NOI $54,784 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Office units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 00920, PR
14,798
Population
8,916
Households
1.7
Avg Household Size
47
Median Age
38%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
4,111
Density / Sq Mi
$29,914
Median Household Income
$19,996
Median Earnings
$753
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Office in San Juan, PR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story commercial property with furnished offices, conference rooms, parking, and backup systems.
Where is this office building located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,197 square feet of interior area on a 332‑square‑meter parcel; Five offices and a conference room for 20 to 25 people on the first floor; Four second‑floor offices with room for 2 additional offices
