Turnkey Ground-Level Office
For Sale
$895,000
1155 Pine Street # 17, San Francisco, CA 94109
Ground-level suite with five private offices, reception, kitchenette, and updated finishes suited for professional practices.
Property Size2,627 SF
Days on Market433
Property Features for 1155 Pine Street # 17
General Information
Standard status
Active
Size
2,627 SF
Property subtype
Office
Building Details
Building Size
2,627 SF
Year Built
1913
Listing Agency:
City Real Estate
(415) 269-8190
Listed By:
Bradley Joe
Source:
Bonniespindler
Added: Jun 26, 2025
Changed: Aug 14
Last Checked: Aug 30 at 11:13PM
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 City Real Estate
Investment Insights
Based on property information with market context.
This ground-level commercial office suite offers a turnkey professional layout with five private offices, two open work areas, a spacious reception area, a kitchenette, and a bathroom. The space has been freshly updated with new paint and carpeting throughout, supporting both traditional office workflows and flexible configurations.
The suite includes a private street-level entrance, enhancing accessibility and privacy. It is positioned in a central, transit-connected area with a very high Walk Score and Transit Score, with quick access to Muni, BART, downtown, Union Square, and the Financial District.
With its mix of private offices and open areas, the property is well suited for law firms, accounting groups, and medical or wellness-related practices seeking a ready-to-occupy environment. The reception area and dedicated restroom support client-facing operations, while the kitchenette helps accommodate day-to-day staff needs.
The suite includes a private street-level entrance, enhancing accessibility and privacy. It is positioned in a central, transit-connected area with a very high Walk Score and Transit Score, with quick access to Muni, BART, downtown, Union Square, and the Financial District.
With its mix of private offices and open areas, the property is well suited for law firms, accounting groups, and medical or wellness-related practices seeking a ready-to-occupy environment. The reception area and dedicated restroom support client-facing operations, while the kitchenette helps accommodate day-to-day staff needs.
Key Highlights
- 2,627 sq ft ground‑level commercial suite with five private offices and spacious reception area
- Flexible interior layout includes two open work areas, a kitchenette, and a bathroom
- Freshly updated finishes with new paint and carpeting throughout
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
$64,730
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
7.23%
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%
$1,294,600
$1.3M
Cap Rate 7%
$924,714
$924.7K
Cap Rate 9%
$719,222
$719.2K
Market Conditions
NOI Build-Up for 2,627 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
$115.7K $44.04/SF
− Vacancy
−$29.4K −$11.19/SF
EGI
$86.3K $32.85/SF
− OpEx
−$21.6K −$8.21/SF
NOI
$64.7K $24.64/SF
Area
ZIP 94109
Vacancy
25.40%
Lease Rate
$44.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,294,600
Cap Rate 7%
$924,714
Cap Rate 9%
$719,222
Alternative Uses
Best Use
Office B
$924.7K
$809.1K – $1.08M
NOI $64,730 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$11.98M
$10.48M – $13.97M
NOI $838,345 @ 7.0% cap · market cap 93.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
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?
Office units - Ground-level suite with five private offices, reception, kitchenette, and updated finishes suited for professional practices.
Where is this office units located?
The property is located at 1155 Pine Street # 17 San Francisco, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,627 sq ft ground‑level commercial suite with five private offices and spacious reception area; Flexible interior layout includes two open work areas, a kitchenette, and a bathroom; Freshly updated finishes with new paint and carpeting throughout
