South of Market Multi-Use
1118 Howard Street San Francisco, CA 94103
1118 Howard Street, San Francisco, CA, 94103
$4,500,000
For Sale
$4,500,000
Updated 3-level building near retail corridor and Highway 101.
Property Size13,500 SF
Price / SF$333.33
Days on Market411
Property Features for 1118 Howard Street
General Information
- Standard status
- Active
- Size
- 13,500 SF
Building Details
- Year Built
- 1926
Listing Agency
NEW CALIFORNIA REALTY
(415) 378-6034
Listed by
SOPHIA LAI-TRUJILLO
Source
Corcoran
Added: Jun 4, 2025 Checked: Mar 16 at 9:09 am
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 NEW CALIFORNIA REALTY
Investment Insights
Based on property information with market context.
This updated three-level building is located in the South of Market area, near federal buildings, a retail corridor, and Highways 101 and 280, allowing for multiple uses. The ground floor features two wings. The left wing is currently rented as a 2,500-square-foot gym. The right wing, also 2,500 square feet, has been used as a grocery store and a sewing shop and is currently vacant. This wing includes two drive-in doors measuring 8 by 10 feet for truck delivery. The 4,000-square-foot second floor houses an office and sewing/clothing design shop. The updated 4,500-square-foot third-floor office space, previously occupied by a software developer, is now vacant and features high ceilings. Each floor has two bathrooms. Updates to the property, completed with permits, include a hydraulic freight elevator servicing all floors, ADA restrooms, fire sprinklers, an 800-amp 3-phase power supply, and seismic upgrades. The total property size is 13,500 square feet.
Key Highlights
- Prime South of Market location near Federal buildings, retail corridor, and Highway 101/280.
- Multiple uses allowed, offering versatile investment or business opportunities.
- Updated with permits: hydraulic freight elevator, ADA restrooms, fire sprinklers, 800 amps of 3‑phase power, and seismic upgrade.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $594.5k | $44.04 |
| − Vacancy | −$151.0k | −$11.19 |
| EGI | $443.5k | $32.85 |
| − OpEx | −$110.9k | −$8.21 |
| NOI | $332.6k | $24.64 |
13,500 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$61.55M
$53.85M – $71.80M
NOI $4,308,208 @ 7.0% cap · market cap 95.74%
Second Best
Office B
$4.75M
$4.16M – $5.54M
NOI $332,645 @ 7.0% cap · market cap 7.39%
Theoretical Best
Specialty Retail
$65.94M
$57.70M – $76.93M
NOI $4,615,937 @ 7.0% cap · market cap 102.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kauno
Medical Clinic
Brian King
Physician
Bonton S.F.
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Updated 3-level building near retail corridor and Highway 101.
Where is this retail space located?
The property is located at 1118 Howard Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Prime South of Market location near Federal buildings, retail corridor, and Highway 101/280.; Multiple uses allowed, offering versatile investment or business opportunities.; Updated with permits: hydraulic freight elevator, ADA restrooms, fire sprinklers, 800 amps of 3‑phase power, and seismic upgrade.
