End-Unit Industrial Flex
For Sale
$999,000
11-2250 Jerrold Ave, San Francisco, CA 94124
End-unit, two-level warehouse with flex workspace, multiple offices/workrooms, and two parking spaces.
Property Size1,882 SF
Price / SF$530.82
Days on Market230
Property Features for 11-2250 Jerrold Ave
General Information
Standard status
Active
Size
1,882 SF
Total Parking Spaces
2
Zoning
PDR 2
Building Details
Year Built
1990
Stories
2
Listing Agency:
KW Advisors
(415) 483-9285
Listed By:
Tim A. Brown
(415) 594-9220
Source:
Exprealty
Added: Jan 19
Changed: Aug 21
Last Checked: Sep 5 at 11:43AM
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 KW Advisors
Investment Insights
Based on property information with market context.
This end-unit, two-level industrial warehouse offers a versatile flex layout with a main level that includes flex workspace plus multiple offices or workshop rooms with sinks. A janitorial closet and a half bath support day-to-day operations.
Upstairs provides additional office space along with a break room featuring a kitchenette, a three-quarter bath, and an outdoor terrace. Generous windows bring natural light throughout the property.
Built in 1990, the space is zoned PDR 2 and is delivered vacant. The property includes two car parking and is part of a small HOA with low dues. The location in San Francisco’s Bayview district is described as providing easy access to major transit routes.
Upstairs provides additional office space along with a break room featuring a kitchenette, a three-quarter bath, and an outdoor terrace. Generous windows bring natural light throughout the property.
Built in 1990, the space is zoned PDR 2 and is delivered vacant. The property includes two car parking and is part of a small HOA with low dues. The location in San Francisco’s Bayview district is described as providing easy access to major transit routes.
Key Highlights
- End‑unit, two‑level industrial warehouse with 1,882 sq ft of adaptable space in San Francisco’s Bayview district
- Main level includes flex workspace plus multiple offices/workshop rooms with sinks; includes janitorial closet and 1/2 bath
- Upstairs offers additional office space, break room with kitchenette, 3/4 bath, and an outdoor terrace
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
$38,873
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
3.89%
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%
$777,460
$777.5K
Cap Rate 7%
$555,329
$555.3K
Cap Rate 9%
$431,922
$431.9K
Market Conditions
NOI Build-Up for 1,882 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
$50.8K $27.00/SF
− Vacancy
−$5.1K −$2.70/SF
EGI
$45.7K $24.30/SF
− OpEx
−$6.9K −$3.65/SF
NOI
$38.9K $20.66/SF
Area
San Francisco, CA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
15.00%
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%
$777,460
Cap Rate 7%
$555,329
Cap Rate 9%
$431,922
Alternative Uses
Best Use
Warehouse
$555.3K
$485.9K – $647.9K
NOI $38,873 @ 7.0% cap · market cap 3.89%
Second Best
Industrial
$457.3K
$400.2K – $533.6K
NOI $32,013 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$9.19M
$8.04M – $10.72M
NOI $643,496 @ 7.0% cap · market cap 64.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - End-unit, two-level warehouse with flex workspace, multiple offices/workrooms, and two parking spaces.
Where is this flex space located?
The property is located at 11-2250 Jerrold Ave San Francisco, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: End‑unit, two‑level industrial warehouse with 1,882 sq ft of adaptable space in San Francisco’s Bayview district; Main level includes flex workspace plus multiple offices/workshop rooms with sinks; includes janitorial closet and 1/2 bath; Upstairs offers additional office space, break room with kitchenette, 3/4 bath, and an outdoor terrace
