5-Unit Mixed-Use Corner
For Sale
$1,798,000
1101 Clement Street, San Francisco, CA 94118
Combines two residential units with three occupied commercial spaces in San Francisco’s Inner Richmond District.
Property Size4,220 SF
Price / SF$426.07
Days on Market111
Property Features for 1101 Clement Street
General Information
Standard status
Active
Size
4,220 SF
Property subtype
Mixed Use
Additional Details
Office Units
2
Building Details
Building Size
4,220 SF
Year Built
1906
Buildings
1
Tenancy
Multi
Listing Agency:
Garrison Properties
(650) 755-2969
Listed By:
Robert M Garrison · License #01989778
Source:
Cityrealestatesf
Added: May 13
Changed: Aug 29
Last Checked: Aug 30 at 10:42PM
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 Garrison Properties
Investment Insights
Based on property information with market context.
Located at 1101 Clement Street in San Francisco’s Inner Richmond District, this 5-unit mixed-use corner property contains 4,220 square feet and was built in 1906. The asset includes two residential units: a two-bedroom apartment and a remodeled one-bedroom apartment with updated finishes.
Three commercial spaces are occupied by a dental office, accounting firm, and antique coin and jewelry store. The combination of residential apartments and established commercial occupants creates a varied tenant profile within a single building. Its corner configuration adds a distinct physical characteristic, while the property’s Inner Richmond location places the asset within a neighborhood setting that supports both residential and commercial occupancy.
Three commercial spaces are occupied by a dental office, accounting firm, and antique coin and jewelry store. The combination of residential apartments and established commercial occupants creates a varied tenant profile within a single building. Its corner configuration adds a distinct physical characteristic, while the property’s Inner Richmond location places the asset within a neighborhood setting that supports both residential and commercial occupancy.
Key Highlights
- 5‑unit mixed‑use property with two residential units and three commercial spaces
- 4,220 square feet on a corner parcel at 1101 Clement Street
- Residential component includes a two‑bedroom unit and a remodeled one‑bedroom unit
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
$149,977
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
8.34%
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%
$2,999,540
$3.0M
Cap Rate 7%
$2,142,529
$2.1M
Cap Rate 9%
$1,666,411
$1.7M
Market Conditions
NOI Build-Up for 4,220 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
$227.9K $54.00/SF
− Vacancy
−$13.6K −$3.23/SF
EGI
$214.3K $50.77/SF
− OpEx
−$64.3K −$15.23/SF
NOI
$150.0K $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%
$2,999,540
Cap Rate 7%
$2,142,529
Cap Rate 9%
$1,666,411
Alternative Uses
Best Use
Retail
$19.24M
$16.83M – $22.45M
NOI $1,346,714 @ 7.0% cap · market cap 74.90%
Second Best
Multifamily LT 5
$2.14M
$1.87M – $2.50M
NOI $149,977 @ 7.0% cap · market cap 8.34%
Theoretical Best
Specialty Retail
$20.61M
$18.04M – $24.05M
NOI $1,442,908 @ 7.0% cap · market cap 80.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,972
Businesses Nearby
Explore this area
Business Placement
Demographics for 94118, CA
42,356
Population
19,052
Households
2.2
Avg Household Size
37
Median Age
72%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
21,178
Density / Sq Mi
$159,550
Median Household Income
$92,946
Median Earnings
$2,695
Median Rent
$1,817,200
Median Home Value
Market
Vacancy Rate% for Office in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines two residential units with three occupied commercial spaces in San Francisco’s Inner Richmond District.
Where is this mixed-use property located?
The property is located at 1101 Clement Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: 5‑unit mixed‑use property with two residential units and three commercial spaces; 4,220 square feet on a corner parcel at 1101 Clement Street; Residential component includes a two‑bedroom unit and a remodeled one‑bedroom unit
