Mixed-Use Building with
For Sale
$3,000,000
1226 Stockton Street, San Francisco, CA 94133
Commercial Sale, San Francisco, CA
Property Size6,576 SF
Lot Size0.04 Acres
Price / SF$456.20
Days on Market101
Property Features for 1226 Stockton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Subdivision
SF District 8
Standard status
Active
APN
0161022
Size
6,576 SF
Lot size
0.04 Acres
Building Details
Year built
1907
Listing Agency:
Remax Prestigious Properties · RE/MAX International
(415) 564-3776
Listed By:
Ming Wu
(415) 279-6833
Added: May 21
Changed: Aug 27
Last Checked: Aug 29 at 11:06AM
MLS# 426132885
Copyright © 2026 San Francisco Association of REALTORS. 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.
Built in 1907, this mixed-use building at 1226 Stockton Street contains approximately 6,576 square feet on a 0.0446-acre lot. The ground-floor commercial unit includes a mezzanine and basement storage, providing additional functional space within the property.
The upper level contains two vacant residential units, each configured with 2 bedrooms and 2 bathrooms. Both residences have been remodeled. The property is located in Chinatown in San Francisco, California, and combines commercial space with two residential units in one building.
The upper level contains two vacant residential units, each configured with 2 bedrooms and 2 bathrooms. Both residences have been remodeled. The property is located in Chinatown in San Francisco, California, and combines commercial space with two residential units in one building.
Key Highlights
- Approximately 6,576 square feet of mixed‑use space on a 0.0446‑acre lot
- Ground‑floor commercial unit includes a mezzanine and ample basement storage
- Two vacant residential units, each with 2 bedrooms and 2 bathrooms
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
$233,708
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
7.79%
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%
$4,674,160
$4.7M
Cap Rate 7%
$3,338,686
$3.3M
Cap Rate 9%
$2,596,756
$2.6M
Market Conditions
NOI Build-Up for 6,576 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
$355.1K $54.00/SF
− Vacancy
−$21.2K −$3.23/SF
EGI
$333.9K $50.77/SF
− OpEx
−$100.2K −$15.23/SF
NOI
$233.7K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /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%
$4,674,160
Cap Rate 7%
$3,338,686
Cap Rate 9%
$2,596,756
Alternative Uses
Best Use
Specialty Retail
$32.12M
$28.11M – $37.47M
NOI $2,248,474 @ 7.0% cap · market cap 74.95%
Second Best
Retail
$29.98M
$26.23M – $34.98M
NOI $2,098,576 @ 7.0% cap · market cap 69.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
26,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 94133, CA
26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes two remodeled, vacant residential units above commercial space.
Where is this mixed-use property located?
The property is located at 1226 Stockton Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 6,576 square feet of mixed‑use space on a 0.0446‑acre lot; Ground‑floor commercial unit includes a mezzanine and ample basement storage; Two vacant residential units, each with 2 bedrooms and 2 bathrooms
