# A shop and six flats in Málaga's old town: which half carries the yield? > **What this report answers:** In a mixed-use building near Plaza de la Merced in Málaga, with a 150 m² shop and six flats, which half carries the gross yield? > > The flats carry the income; the shop carries the yield. On asking data the building would let for about €13,116 a month, €157,392 a year, against an asking value of about €2.73m: a 5.8% gross yield. The six flats bring in 82% of the rent and hold 87% of the value; the shop earns 8.1% gross against 5.4% for the flats. Made with Claro AI in Claude. Claude wrote this sample report from one prompt, with Casafari's Claro AI and Area Insights connectors. Every figure comes from those calls on 17 October 2026. https://expansion.casafari.com/en-ES/examples/mixed-use-building-malaga-old-town/ · 2026-10-17 Español: https://expansion.casafari.com/es-ES/ejemplos/edificio-mixto-centro-historico-malaga/ · Català: https://expansion.casafari.com/ca-ES/exemples/edifici-us-mixt-centre-historic-malaga/ --- Casafari · MCP sample report Casafari Claro AICasafari Area Insights17 October 2026 # A shop and six flats in Málaga’s old town: which half carries the yield? One prompt, two Casafari connectors, thirteen calls. Claude priced both halves of a mixed-use building near Plaza de la Merced from properties on the market, Location Intelligence and residential market data, and wrote this report. THE PROMPT I'm valuing a Málaga building with a 150 m² shop and 6 apartments above, near Plaza de la Merced. Give me the commercial rent per m² for comparable shops in the district (market snapshot plus the nearest comparable premises on the market). Then give me apartment rent per m² within 500 m, with its 2-year trend, time on market and bedroom mix. Estimate the blended gross rent, show which half of the building carries the yield, and flag the risks in each. Plaza de la Merced in jacaranda season · photo: Diego Delso, CC BY-SA 4.0 €13,116 blended gross rent a month, shop and flats together Claude, from both connectors 5.8% gross yield on an asking value of about €2.73m Claude, from both connectors 8.1% vs 5.4% gross yield of the shop against the flats Claro AI Area Insights Top 7% footfall on the neighbouring block, against all retail premises in Málaga Claro AI Location Intelligence The answer ## The flats carry the income. The shop carries the yield. On today’s asking data the building would let for about €13,116 a month, €157,392 a year, against an asking value of about €2.73m. The six flats bring in 82% of the rent and hold 87% of the value. The shop earns 8.1% gross against 5.4% for the flats, because the old town prices shops far below homes per square metre. Both halves have room to run: the nearest shops on the market ask €27.7/m² against the €16.0 district median used here, and apartment rents within 500 m are up 10% on the year before. #### Share of the building, shop against flats Gross rent18%82% Asking value13%87% ■ Shop, 150 m²■ Six flats, about 434 m² | Rent / month | Value | Yield | Shop | €2,400 | €355,058 | 8.1% | Flats | €10,716 | €2,378,919 | 5.4% | Building | €13,116 | €2.73m | 5.8% | Shop at the Centro medians for rent and price. Flats as three one-beds, two two-beds and a three-bed at local average rents, valued at €5,484/m². Claro AI · Location Intelligence ## The location, measured street by street Who passes the door and when, who lives within a walk, what they earn, and how the block ranks against every shop in the city. 594,329 footfall index within a 5-minute walk of the building Claro AI +19% weekend footfall against weekdays Claro AI 56% of footfall from visitors, 30% from locals and 14% from commuters Claro AI 40% of the day’s footfall between 7 pm and 1 am Claro AI #### Walking reach and premises on the market 80 other premises are on the market within 500 m; orange dots are shops, blue dots offices. Walking reach is drawn from the nearest comparable shop, 260 m from the building: 3,039 residents live within a 5-minute walk and 28,573 within 15 minutes. #### Footfall by hour on the block, against the average hour Trade builds through lunch and peaks at 7 pm at 2.2 times the average hour. Weekends run 35% busier than weekdays and March is the busiest month. Plaza de la Constitución 5 min on footBus stop 3 minMálaga Centro Alameda station 18 min #### Who lives within a 10-minute walk 13,524 residents, €17,824 spending power per resident a year, and 254,606 people within a 10-minute drive. 0–14 10% 15–29 18% 30–44 25% 45–59 24% 60+ 23% #### Households by net income a year 24% under €19k22% €19–29k18% €29–40k19% €40–58k18% over €58k #### Within a 5-minute walk of the building 86restaurants 16fast food 60shops 2supermarkets 3transit stops #### How the block ranks among 1,223 retail premises in Málaga 93 Footfall index, 5-min walk1,100,878 47 Residents, 10-min walk13,217 70 Spending power per resident€18,582 per resident 57 Households over €40.2k a year38% of households 12 Public transport stops, 5-min walk2 Percentile: the share of the city’s retail premises with a lower figure. Claro AI · commercial market ## The commercial half: a cheap shop on an expensive street District benchmarks from the market snapshot, then the eight nearest shops on the market with their own location data. €16.0 median asking rent per m² for 100–250 m² retail in Centro, from 231 premises Claro AI €30.7 median in the historic core alone; the middle half ask €22.6–46.3 Claro AI 109 shops to let within 500 m, asking a median of €27.8/m² Claro AI 8.4% gross asking yield for retail in the historic centre, from median rents and prices Claro AI #### Asking rent per m², 100–250 m² retail in Centro Bars: all 231 premises. Orange dots: the eight nearest comparables, which sit in the upper half; one prime corner shop on Calle Especería asks €76/m². City retail rents +1.4% in a yearCity retail prices +6.9%165 days average on market #### Nearest comparables on the market Shop | Distance | Size | Rent | €/m² | Calle Méndez Núñez Bar with terrace and smoke outlet | 0.26 km | 112 m² | €2,900 | €25.9 | Plaza Camas Turnkey restaurant | 0.32 km | 145 m² | €4,000 | €27.6 | Calle Santa Lucía Café, 5 m frontage | 0.39 km | 120 m² | €4,000 | €33.3 | Historic centre Restaurant, 8 m frontage | 0.51 km | 197 m² | €3,050 | €15.5 | Historic centre Café-restaurant | 0.53 km | 130 m² | €2,160 | €16.6 | Historic centre Café by 14 transit stops | 0.66 km | 126 m² | €3,500 | €27.8 | Calle Especería Prime corner shop | 0.74 km | 130 m² | €9,900 | €76.2 | Historic centre Corner restaurant | 0.91 km | 160 m² | €5,100 | €31.9 | Area Insights · residential market ## The residential half: rents climbing, prices climbing faster Apartment rents and prices within 500 m, the bedroom mix, how fast flats let, who buys here, and how the centre compares with the rest of Málaga. #### Apartment asking rent per m², 500 m around the building €31.8/m² on average over the last 12 months, up 10% on the 12 before. The summer peak and autumn dip show a seasonal market. #### Apartment asking price per m², same area €5,484/m² in September 2026: up 6.8% in a year and 17% in two. €5,094 asking price per m² for apartments within 1 km; €22.3/m² a month to rent Area Insights €3,373 per m² actually paid for resale apartments nearby in 2026, from registered sales Casafari transactions 34% of home buyers here are foreign and 27% are companies; average price €296,000 Casafari transactions 28% of nearby home sales used a mortgage; average buyer age 47 Casafari transactions #### Apartments to let within 500 m, by bedrooms Studio 13€1,599 · €37.2/m² 1 bed 96€1,535 · €28.7/m² 2 beds 88€1,885 · €24.7/m² 3 beds 34€2,341 · €19.4/m² 4+ beds 11€1,897 · €15.7/m² Apartments on the market in the last 12 months, with average rent and rent per m². One- and two-bed flats are three-quarters of supply, which sets the mix assumed for the building. #### Days on market by monthly rent €501–750 22 days €751–1,000 44 days €1,001–1,500 48 days €1,501–2,000 74 days €2,001–2,500 82 days €2,501–3,000 109 days Flats up to €1,500 a month let in about six to seven weeks; above €2,000 they take two to three and a half months. #### Málaga by district: apartment prices, growth and rent District | Asking price per m², last 12 months | Change in a year | Rent per m² | Gross yield | Málaga Este | €5,567 | +6.3% | €20 | 4.3% | Málaga Centro | €4,583 | +7.7% | €20 | 5.2% | Teatinos | €4,037 | +7.4% | €14 | 4.2% | Carretera de Cádiz | €3,963 | +7.5% | €17 | 5.1% | Churriana | €3,701 | +18.3% | €16 | 5.2% | Puerto de la Torre | €3,403 | +3.8% | €16 | 5.6% | Cruz de Humilladero | €3,328 | +9.0% | €15 | 5.4% | Bailén – Miraflores | €3,303 | +13.5% | €15 | 5.4% | Campanillas | €3,279 | +20.3% | €14 | 5.1% | Martiricos – La Roca | €3,181 | +4.3% | €23 | 8.7% | Ciudad Jardín | €2,918 | +19.3% | €14 | 5.8% | The centre is the second most expensive district for flats and is rising more slowly than several outer districts, where prices grew 13–20% in a year. What to watch ## Risks in each half ### The shop Most nearby shops change hands as business transfers, so tenants pay key money and turn over often. Shops take about 165 days to let in Málaga: budget a long void between tenants. More than half the footfall comes from visitors, which ties the tenant’s trade to tourism. Retail rents rose 1.4% in a year while prices rose 6.9%: commercial yields are compressing. ### The flats Rents swing with the season, from €24 to €39/m² within a year, a sign of short lets in the mix. Check tourist-licence and rent rules for the building before counting on short-let income. Larger flats above €2,000 a month take up to three and a half months to let. Prices are rising faster than rents, so residential yields are thinning. Built with Casafari MCP ## Thirteen calls, two connectors, one report Claude chose and chained these tools from the prompt alone. Every figure above traces back to one of them. 1 Claro AI ### Market snapshot Rent and price benchmarks for 100–250 m² retail in Centro, with three-year city trends and time on market. claro_market_snapshot ×2 2 Claro AI ### Premises search 185 shops to let in the centre; the nearest eight became comparables, each with footfall and catchment. claro_search_premises 3 Claro AI ### Location Intelligence Footfall, visitors, residents, income and amenities measured at the building’s coordinates. claro_explain_location 4 Claro AI ### Premises deep-dive Walking reach, city rankings, hourly footfall, home prices and buyer profiles around the nearest comparable. claro_get_premises 5 Area Insights ### Time series and distributions Apartment rents and prices within 500 m over two years, the bedroom mix and days on market. get_time_series_data ×2get_bedrooms_distributionget_time_on_market_distribution 6 Area Insights ### District heatmaps Apartment prices and rents across Málaga’s eleven districts, this year against last. locations_searchget_heatmap ×3 ### Run it on your own building Connect Casafari Claro AI and Casafari Area Insights to Claude, paste the prompt, and swap in your address, sizes and unit mix. Illustrative sample. The building is hypothetical; the shop size and flat mix are assumptions. Figures are asking rents and prices as of 17 October 2026 unless marked as registered sales, gross of costs and taxes, and not a formal valuation. Footfall is an index for comparing places, not a head count. Amenity counts © OpenStreetMap contributors. Photos via Wikimedia Commons: Cover: Diego Delso, CC BY-SA 4.0 · Old town: Jorge Franganillo, CC BY 2.0 · Skyline: Vlad Podvorny, CC BY-SA 3.0.