Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    388 Market St San Francisco, CA 94111

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    27-story office building in San Francisco's Financial District.

    Property size:
    237,661 SF
    Lot size:
    237,661 SF

    Property Features for 388 Market St

    General Information

    Standard status
    Active
    Size
    237,661 SF

    We can help!

    Listing Contact
    Ken Churich
    Ken Churich
    Source: Cbre

    Listing Agent: Ken Churich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Class A Office Space Available

    This 27-story flatiron building, designed by Skidmore Owings & Merrill, provides over 252,756 square feet of class-A office space. The building's design, featuring generous setbacks, allows for ample natural light and views of the bay and Market Street corridor. Located at the intersection of San Francisco’s Financial District, Market Street Corridor, and the new Transbay district, the property offers accessibility with immediate access to BART/Muni and proximity to other transit options. It is suitable for both professional services and open-plan creative workspace users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tom Khorram Real Estate Agency SingleStore (Bike/Boat/Book/etc) Store Commercial Coverage Insurance ... Insurance Agency Propel Theory - Digital ... Marketing & Advertising MICROCLINIC INTERNATIONAL Charitable Organization

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.398167
    Latitude
    37.792218

    Nearby Similar for Lease

    • $6,500 /Mo
      592 SF

      Retail Storefront in San Francisco

      Newly constructed retail space with modern design and great street presence.
      1525 Franklin St, San Francisco, CA 94109
      View Details
    • $30 SF/Yr
      1,000 SF

      Mission District Retail Space Available

      Prime retail space in vibrant Mission District location for lease.
      3327 24Th St, San Francisco, CA 94110
      View Details
    • $2,500 /Mo
      1,190 SF

      Prime Retail Space on Mission

      High-visibility retail space with consistent foot traffic in San Francisco.
      5654 Mission St, San Francisco, CA 94112
      View Details
    • $8,000 /Mo
      3,795 SF

      San Francisco Commercial Space Available

      Two-story commercial building in Lower Nob Hill for rent.
      729 Bush St, San Francisco, CA 94108
      View Details
    • Contact for pricing

      505 Montgomery

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      505 Floors, San Francisco, CA 94111
      View Details
    • Contact for pricing

      California Street

      Discover many ways to work your way in California Street
      50 California St, San Francisco, CA 94111
      View Details
    • Contact for pricing

      CA, San Francisco - 580 California

      Flexible workspace in West Loop 200 S. Wacker
      580 Floors, San Francisco, CA 94104
      View Details
    • Sponsored
      Contact for pricing

      Mid Market

      Meet, work or collaborate in our professional Sawgrass Corporate Park business center
      1390 Market St, San Francisco, CA 94102
      View Details
    • Contact for pricing

      Spaces Mission & 3rd

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      95 3Rd St, San Francisco, CA 94103
      View Details
    • Contact for pricing

      Spaces Levi's Plaza

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      1160 Battery St, San Francisco, CA 94111
      View Details
    • Contact for pricing

      CA, San Francisco - 101 Montgomery

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      101 Montgomery St, San Francisco, CA 94111
      View Details
    • Contact for pricing

      CA, San Francisco - 720 Market St

      Discover many ways to work your way in Redmond Center
      720 Market St, San Francisco, CA 94210
      View Details

    FAQs

    What type of property is this?
    Office building - 27-story office building in San Francisco's Financial District.
    Where is this office building located?
    The property is located at 388 Market St San Francisco, CA.
    What are key features of this property?
    This property features: - Class-A office space totaling 252,756 square feet.; - Designed by Skidmore Owings & Merrill.; - Located at the intersection of the Financial District, Market Street Corridor, and Transbay district.
    (415) 291-1728
    Request Owner's contact information
    388 Market St San Francisco, CA 94111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    388 Market St
    San Francisco, CA 94111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    388 Market St San Francisco, CA 94111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ken Churich
    Ken Churich
    Real Estate License ID: 00887925
    (415) 291-1728
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!