Mixed-Use Building in Japantown
For Sale
$6,750,000
1600 Post Street, San Francisco, CA 94115
Mixed-use building in San Francisco's Japantown, featuring office and retail spaces.
Property Size23,263 SF
Price / SF$290.16
Days on Market498
Property Features for 1600 Post Street
General Information
Standard status
Active
Size
23,263 SF
Building Details
Year Built
1984
Listing Agency:
COMPASS COMMERCIAL
(415) 345-3000
Listed By:
DAVIS NGUYEN · License #01509978
Source:
Corcoran
Added: Apr 21, 2025
Changed: Mar 16
Last Checked: Aug 31 at 12:08AM
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.
Located at the northwest corner of Post Street and Laguna Street in San Francisco's Japantown District, this mixed-use building at 1600-1610 Post Street presents a commercial real estate opportunity. Constructed in 1984, the well-maintained property offers approximately 23,263 square feet of space. The building includes 22 office suites and 2 ground-floor retail suites. The building consists of 3 floors and includes a 4,068 square foot, fully finished, lower level. All tenants are responsible for paying CAM (Common Area Maintenance) reimbursements. Positioned within a 50-X height zoning designation, the property also offers a potential future development opportunity, subject to planning approvals.
Key Highlights
- Prime location in San Francisco's Japantown District at the corner of Post and Laguna Streets.
- Mixed‑use building with 22 office suites and 2 ground‑floor retail suites.
- Steady income stream with tenants responsible for CAM reimbursements.
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
$573,209
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
8.49%
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%
$11,464,180
$11.5M
Cap Rate 7%
$8,188,700
$8.2M
Cap Rate 9%
$6,368,989
$6.4M
Market Conditions
NOI Build-Up for 23,263 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
$1.02M $44.04/SF
− Vacancy
−$260.2K −$11.19/SF
EGI
$764.3K $32.85/SF
− OpEx
−$191.1K −$8.21/SF
NOI
$573.2K $24.64/SF
Area
San Francisco, CA
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%
$11,464,180
Cap Rate 7%
$8,188,700
Cap Rate 9%
$6,368,989
Alternative Uses
Best Use
Retail
$106.05M
$92.80M – $123.73M
NOI $7,423,840 @ 7.0% cap · market cap 109.98%
Second Best
Office B
$8.19M
$7.17M – $9.55M
NOI $573,209 @ 7.0% cap · market cap 8.49%
Theoretical Best
Specialty Retail
$113.63M
$99.43M – $132.57M
NOI $7,954,114 @ 7.0% cap · market cap 117.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 94115, CA
35,853
Population
19,312
Households
1.9
Avg Household Size
38
Median Age
74%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
32,594
Density / Sq Mi
$154,264
Median Household Income
$103,538
Median Earnings
$2,380
Median Rent
$1,684,100
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 - Mixed-use building in San Francisco's Japantown, featuring office and retail spaces.
Where is this mixed-use property located?
The property is located at 1600 Post Street San Francisco, CA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Prime location in San Francisco's Japantown District at the corner of Post and Laguna Streets.; Mixed‑use building with 22 office suites and 2 ground‑floor retail suites.; Steady income stream with tenants responsible for CAM reimbursements.
