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    1400 Carroll Avenue San Francisco, CA 94124

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    Claim this Listing
    For Sale
    $12,000,000

    COMMERCIAL - San Francisco, CA

    Property size:
    30,000 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $400/SF
    Added:
    May 12, 2025
    Days on Market:
    350
    Last Refresh:
    Apr 26 at 1:06 pm

    Property Features for 1400 Carroll Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    PDR-2
    Standard status
    Active
    Size
    30,000 SF
    Lot size
    0.69 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1957
    Flooring type
    Concrete
    Building materials
    Masonry, Concrete Block, Sheetrock

    We can help!

    Listing Contact
    Carol Reen
    Carol Reen

    Listing agent Carol Reen License #01820082

    Listing office Compass 891 Beach St., Beverly Hills, CA

    Listing date May 12, 2025

    MLS# 425039722

    Copyright © 2025 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.

    Overview

    San Francisco Commercial Warehouse Spaces

    Two commercial warehouse spaces are available in a location connecting San Francisco to the Peninsula. The property is zoned PDR-2 / M1, allowing for multiple uses. Mezzanine levels provide bonus area for storage and enclosed office space with restrooms. There are four roll-up doors at 14 ft height with a 50 ft wide clear span. Each warehouse has an 18 ft ceiling height and a sprinkler system. The property features 100 AMP single phase 120 / 240 volts, 400 AMPs three phase 120 / 240 volts, and 400 AMPs three phase 480 volts, and 400 AMPs three phase 120 / 240 volts. Heavy-duty machinery and equipment can be parked inside the warehouses. The location provides easy access to HWY 101, San Francisco International Airport, and Oakland docks. The lot size is 0.6887 acres and the property size is 30000 square feet. An opportunity for expansion and buildup may also be feasible for builder, owner, or user.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial Metal Products ... Production Facility N-K-G Auto Repair Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Envision Cold Storage — 1600 Donner Ave, San Francisco, CA 94124
    • Self-Storage at U-Haul — 1575 Bayshore Blvd, San Francisco, CA 94124
    • Celtic Moving & Storage — 1290 Egbert Ave, San Francisco, CA 94124
    • Pat Ryan Moving & Storage — 1351 Egbert Ave, San Francisco, CA 94124
    • Celtic Moving & Storage — 1480 Donner Ave, San Francisco, CA 94124

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.3896929
    Latitude
    37.7231934

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    FAQs

    What type of property is this?
    Warehouse - Two concrete warehouse spaces with PDR-2/M1 zoning in San Francisco.
    Where is this warehouse located?
    The property is located at 1400 Carroll Avenue San Francisco, CA.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Excellent location connecting San Francisco to the Peninsula with close, easy access to HWY 101, San Francisco International Airport, and Oakland docks.; PDR‑2 / M1 Zoning allows for multiple use possibilities.; **Two concrete building commercial warehouse spaces boast 4 roll‑up doors (14 ft height) and a 50 ft wide clear span.**
    (415) 728-6199
    We can help!
    Listing Contact
    Carol Reen
    Carol Reen
    Real Estate License ID: 01820082
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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