Two-Structure Storefront
For Sale
$585,000
San Juan, PR 00926, San Juan, PR 00926
Commercial Space, San Juan, PR
Property Size1,500 SF
Lot Size0.01 Acres
Price / SF$390
Days on Market18
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Security features
Security
Interior features
Wheelchair Access, Security Camera, Partial electric plant, Total electric plant, Storage Space
Exterior features
Shopping Nearby, Flat Lot, Park Setting, View-city
Accessibility
Accessible Approach with Ramp
Directions
Ave. Cesar Gonzalez 339, Hato Rey, in front of the Buxeda Funeral Home, near Ave. Domenech, Central Avenue and Roosevelt Avenue.
Subdivision
El Vedado (Urbanizacion)
Standard status
Active
Lot size
0.01 Acres
Amenities
Solar Panels
17K Generator
Building Details
Year built
1980
Additional Structures
Storage
Listing Agency:
Mi Propiedad Realty
(787) 486-4081
Listed By:
Julio Diaz Benitez
(787) 486-4081
Added: Aug 10
Changed: Aug 27
Last Checked: Aug 27 at 8:06PM
MLS# 66167
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 storefront property includes two commercial structures totaling approximately 1,500 square feet. The improvements feature storage space, security cameras, wheelchair access, and an accessible approach with ramp. Installed solar panels and a 17K generator are also included. The property was built in 1980 and carries CI zoning.
Located on Ave. Cesar Gonzalez in Hato Rey, the site is across from Buxeda Funeral Home and within a commercial area of San Juan. Eight parking spaces are provided on the property, supporting customer and business access. The flat site also includes a city view and nearby shopping.
Located on Ave. Cesar Gonzalez in Hato Rey, the site is across from Buxeda Funeral Home and within a commercial area of San Juan. Eight parking spaces are provided on the property, supporting customer and business access. The flat site also includes a city view and nearby shopping.
Key Highlights
- Two commercial structures totaling approximately 1,500 sq ft
- 8 parking spaces included
- Installed solar panels and 17K generator
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
$23,990
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
4.10%
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%
$479,800
$479.8K
Cap Rate 7%
$342,714
$342.7K
Cap Rate 9%
$266,556
$266.6K
Market Conditions
NOI Build-Up for 1,500 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
$36.0K $24.00/SF
− Vacancy
−$1.7K −$1.15/SF
EGI
$34.3K $22.85/SF
− OpEx
−$10.3K −$6.85/SF
NOI
$24.0K $15.99/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$479,800
Cap Rate 7%
$342,714
Cap Rate 9%
$266,556
Alternative Uses
Best Use
Retail
$342.7K
$299.9K – $399.8K
NOI $23,990 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$367.2K
$321.3K – $428.4K
NOI $25,704 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Demographics for 00926, PR
96,732
Population
45,119
Households
2.1
Avg Household Size
45
Median Age
52%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
4,169
Density / Sq Mi
$39,543
Median Household Income
$29,311
Median Earnings
$717
Median Rent
$189,400
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?
Storefront property - Commercial improvements include on-site parking, installed solar panels, and a 17K generator.
Where is this storefront property located?
The property is located at San Juan, PR.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two commercial structures totaling approximately 1,500 sq ft; 8 parking spaces included; Installed solar panels and 17K generator
