Union Square Penthouse
490 Post #1701 San Francisco, CA 94102
490 Post #1701, San Francisco, CA, 94102
$1,945,000
For Sale
$1,945,000
Turn-key penthouse condo in Union Square with private rooftop terrace.
Property Size2,244 SF
Price / SF$866.76
Days on Market452
Property Features for 490 Post #1701
General Information
- Standard status
- Active
- Size
- 2,244 SF
Building Details
- Year Built
- 1925
Listing Agency
COLDWELL BANKER REALTY
Listed by
GARRICK LUU
Source
Corcoran
Added: Apr 22, 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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located in the heart of Union Square, 490 Post Street, Suites 1701 + 1702, presents a unique penthouse condo opportunity. This 2,244 square foot space features 8 private offices and a private rooftop terrace with unobstructed views of Downtown, Nob Hill, and Salesforce Tower. The property is situated in the 'Medico-Dental Building' at 490 Post, a 17-story medical office building designed by George Kelman and constructed in 1928, located half a block from Union Square and across from the St. Francis Hotel. Remodeled in the early 2000s, the space includes vaulted ceilings, storage, exposed original brick, and a spacious lobby that opens to the terrace. Currently operated as a multi-tenant Med Spa with private and shared month-to-month leases, it is suitable for investors and owner-users. The current tenant mix is a blend of high-end medical practices that enjoy cross promotion and synergy. The layout is flexible for various professional services. The views from the private rooftop terrace are unparalleled, facing North and East.
Key Highlights
- Private rooftop terrace with stunning, unobstructed views of Downtown, Nob Hill, and Salesforce Tower.
- Prime Union Square location in the 'Medico‑Dental Building', half a block from Union Square.
- Turn‑key Penthouse Condo, ideal for investors or owner‑users, currently operating as a multi‑tenant Med Spa.
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 | $98.8k | $44.04 |
| − Vacancy | −$25.1k | −$11.19 |
| EGI | $73.7k | $32.85 |
| − OpEx | −$18.4k | −$8.21 |
| NOI | $55.3k | $24.64 |
2,244 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$789.9K
$691.2K – $921.6K
NOI $55,293 @ 7.0% cap · market cap 2.84%
Second Best
Healthcare Medical
$609.3K
$533.2K – $710.9K
NOI $42,654 @ 7.0% cap · market cap 2.19%
Theoretical Best
Specialty Retail
$10.96M
$9.59M – $12.79M
NOI $767,271 @ 7.0% cap · market cap 39.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Issa G. ...
Dental Office
Yu James K ...
Dental Office
Endodontic Arts of San ...
Dental Office
Union Square Endodontics
Dental Office
Dr. Vladimir Shuster, ...
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Turn-key penthouse condo in Union Square with private rooftop terrace.
Where is this medical office space located?
The property is located at 490 Post #1701 San Francisco, CA.
What is the asking price?
The asking price for this property is $1,945,000.
What are key features of this property?
This property features: Private rooftop terrace with stunning, unobstructed views of Downtown, Nob Hill, and Salesforce Tower.; Prime Union Square location in the 'Medico‑Dental Building', half a block from Union Square.; Turn‑key Penthouse Condo, ideal for investors or owner‑users, currently operating as a multi‑tenant Med Spa.
