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    Commercial Asset in Lower Nob Hill Title is generated by Realmo AI

    729 Bush Street, San Francisco, CA 94108

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    Claim this Listing
    For Sale
    $2,795,000

    SINGLE_FAMILY - San Francisco, CA

    Type:Retail
    Property size:
    3,795 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $736/SF
    Added:
    Sep 21, 2025
    Days on Market:
    238
    Last Refresh:
    May 16 at 2:06 am

    Property Features for 729 Bush Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Rooms
    Basement
    Interior features
    Other Walls
    Standard status
    Active
    APN
    0284022
    Size
    3,795 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1911
    Additional Structures
    Other

    We can help!

    Listing Contact
    Kevin S Wong

    Listing agent Kevin S Wong License #01331542

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

    Listing date Sep 21, 2025

    MLS# 425077185

    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.

    HighLights

    • Prime location in San Francisco's Lower Nob Hill/Downtown, near Union Square and the Financial District, offering high foot traffic and visibility.
    • Flexible RC‑4 zoning allows for a wide range of commercial uses.
    • Significant redevelopment potential, including vertical expansion and modern medical build‑outs.
    • Large 3,781‑sq ft lot, a rare find in this area.
    • Excellent transportation access via BART, cable cars, and MUNI.
    • Two‑story building (plus basement) with approximately 3,795 sq ft of space.

    Overview

    Located in San Francisco's Lower Nob Hill/Downtown neighborhood, this two-story commercial building, plus basement, offers approximately 3,795 square feet of space on a 3,781-square-foot lot. The RC-4 zoning allows for a variety of commercial uses, including showroom, upscale office, medical, or specialized retail. Situated blocks from Union Square and the Financial District, the property benefits from high foot traffic and visibility, with access to BART, cable cars, and MUNI. Redevelopment plans suggest potential for vertical expansion and modern medical build-outs. The surrounding area, near Union Square, Salesforce Tower, and the Financial District, provides access to a business community and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mundo Co. Information Bureau

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Law Firm Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Similar Places Nearby

    • FRESH a floral shop — 499 Golden Gate Ave, San Francisco, CA 94102
    • Seti Flowers — 855 Folsom St # 529, San Francisco, CA 94107
    • Petros Same Day Flower Delivery Inc. — 418 jessie st, san francisco, ca 94103
    • Showcase Flowers — 325 Mason St, San Francisco, CA 94102
    • A New Leaf Florist — 1101 b van ness ave, san francisco, ca 94109

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.4093062
    Latitude
    37.7898579

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    FAQs

    What type of property is this?
    Storefront property - Two-story commercial building with redevelopment potential near Union Square.
    Where is this storefront property located?
    The property is located at 729 Bush Street San Francisco, CA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: Prime location in San Francisco's Lower Nob Hill/Downtown, near Union Square and the Financial District, offering high foot traffic and visibility.; Flexible RC‑4 zoning allows for a wide range of commercial uses.; Significant redevelopment potential, including vertical expansion and modern medical build‑outs.
    (415) 290-2927
    We can help!
    Listing Contact
    Kevin S Wong
    Real Estate License ID: 01331542
    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.

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