Five-floor building with conversion potential

€539,000 613 €/m²

880 m² building in Gáldar with five floors, two garage levels for 16 vehicles, and potential for residential, commercial, office, or creative conversion. Architectural project available with access from two streets.

Reference EL576 · On Inmoblia since 2 September 2026 · Published by Elite Real Estate

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Some advert data is uncertain

We show the source-reported value for context, but exclude it from calculations until the conflicting evidence is resolved.

Type: Building
Built area: 880 m²
Bathrooms: 4
Floors in the property: 5

Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

Parking 16 spaces

The advert also mentions:

Former glass factory
Access from Calle Camilo Saint Saenz 36
Access from two streets
Two garage floors
Two independent garage entrances
Architectural conversion project available
Potential for up to six dwellings
Existing dwelling on the top floor
Suitable for offices or coworking
Suitable for a gym or sports centre
Suitable for yoga or Pilates studios
Suitable for creative spaces or workshops

Free text we could not normalise into a comparable attribute, so it does not score.

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+4.2% interanual

Housing transactions

MIVAU · deals per year

−36.5% interanual

These series describe the municipality's housing market; for this asset they are context for the area, not for its own segment.

Investment guide for Gáldar

Municipal demand

The structural depth of demand in the area.

+1.4%Rent trajectory

0 = flat average annual growth of the municipal rent index (INE)

Registered unemployment

SEPE · yearly average

−6.0% interanual

Average gross income

AEAT · annual tax return

+3.3% interanual

Registered population

INE · yearly population register

0.0% interanual

Net international migration

INE · immigration − emigration · yearly

+65.6% interanual

Recorded offences

Ministry of the Interior · cumulative

+75.6% interanual

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
Charges, mortgages, seizures or easements in the Land Registry extract.