Mixed-Use Property With SRO
New
For Sale
$3,500,000
106 Albion Street, San Francisco, CA 94110
Residential lodging, a wine bar, and an additional apartment share this mixed-use building.
Property Size7,975 SF
Days on Market7
Property Features for 106 Albion Street
General Information
Standard status
Active
Size
7,975 SF
Property subtype
Mixed Use
Additional Details
Public Transit
Yes
Building Details
Building Size
7,975 SF
Year Built
1907
Listing Agency:
Compass Commercial
(415) 516-9843
Listed By:
Adam D Filly · License #DRE#01354775
Source:
Adelaidamejiasf
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 11:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial
Investment Insights
Based on property information with market context.
Built in 1907, this mixed-use property combines 20 SRO units with a ground-floor commercial space occupied by The Big Finish wine bar and a separate one-bedroom, one-bath unit. The commercial component includes a full basement used for cold storage, operations, and office functions, and the space has been recently renovated.
Eighteen SRO units are subject to a master lease with a nonprofit organization. Either party can end that agreement with 60 days’ notice. The wine bar lease extends through 2034. Positioned at the corner of 16th and Albion Streets in San Francisco’s Mission District, the property is near neighborhood restaurants, shopping, and public transportation.
Eighteen SRO units are subject to a master lease with a nonprofit organization. Either party can end that agreement with 60 days’ notice. The wine bar lease extends through 2034. Positioned at the corner of 16th and Albion Streets in San Francisco’s Mission District, the property is near neighborhood restaurants, shopping, and public transportation.
Key Highlights
- 20 SRO units plus a separate one‑bedroom, one‑bath unit
- 18 SRO units master leased to a nonprofit organization
- Master lease may be terminated by either party with 60 days’ notice
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
$246,595
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
7.05%
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%
$4,931,900
$4.9M
Cap Rate 7%
$3,522,786
$3.5M
Cap Rate 9%
$2,739,944
$2.7M
Market Conditions
NOI Build-Up for 7,975 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
$478.5K $60.00/SF
− Vacancy
−$30.1K −$3.78/SF
EGI
$448.4K $56.22/SF
− OpEx
−$201.8K −$25.30/SF
NOI
$246.6K $30.92/SF
Area
ZIP 94110
Vacancy
6.30%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
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%
$4,931,900
Cap Rate 7%
$3,522,786
Cap Rate 9%
$2,739,944
Alternative Uses
Best Use
Specialty Retail
$38.95M
$34.09M – $45.45M
NOI $2,726,822 @ 7.0% cap · market cap 77.91%
Second Best
Apartment 5plus
$3.52M
$3.08M – $4.11M
NOI $246,595 @ 7.0% cap · market cap 7.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
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 - Residential lodging, a wine bar, and an additional apartment share this mixed-use building.
Where is this mixed-use property located?
The property is located at 106 Albion Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 20 SRO units plus a separate one‑bedroom, one‑bath unit; 18 SRO units master leased to a nonprofit organization; Master lease may be terminated by either party with 60 days’ notice
