Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2 Varela Ave San Francisco, CA 94132

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Restaurant space with venting, high ceilings, and parking access.

    Property size:
    5,098 SF
    Lot size:
    115.00 Acres

    Property Features for 2 Varela Ave

    General Information

    Size
    5,098 SF
    Lot size
    115.00 Acres

    We can help!

    Listing Contact
    Ben Lazzareschi
    Source: Moodyscre

    Listing Agent: Ben Lazzareschi

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

    Learn more

    Property Insight Report

    Overview

    Restaurant Space with Outdoor Seating

    This commercial space, located on the hard corner of Holloway Avenue and Cardenas Avenue, offers 5098 square feet suitable for various food and beverage concepts, including fast-casual, full-service, and quick-service restaurants. The property features a venting/duct shaft type 1 hood already in place and a ceiling height of 12 feet 5 inches. There is potential for outdoor seating. Direct access to the parking garage facilitates deliveries.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manzanita Square Student Dormitory Insomnia Cookies Dessert Restaurant Lot 2 Parking Lot Cigg Break Photography Photography Service Mumu Hot Pot Hot Pot Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -122.4762274
    Latitude
    37.720586

    Nearby Similar for Lease

    • $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
    • New
      $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
    • $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
      28,863 SF

      Creative Space in Jackson Square

      Unique office and retail space with planned redesign.
      900 Sansome St, San Francisco, CA 94111
      View Details
    • $19 SF/Yr
      55,560 SF

      Historic Redstone Building in Mission

      Three-story office building in San Francisco's vibrant Mission District.
      2924-2948 16Th St, San Francisco, CA 94103
      View Details
    • $51 SF/Yr
      14,450 SF

      Class A Office Space Available

      Class A office building in San Francisco's South Financial District.
      71 Stevenson St, San Francisco, CA 94105
      View Details
    • $55 SF/Yr
      25,250 SF

      SOMA Building with High Ceilings

      Full building available for lease in Western SOMA.
      130 9Th St, San Francisco, CA 94103
      View Details
    • $25 SF/Yr
      8,000 SF

      Modern Flex Facility in SoMA

      15,500 SF flex suite in thriving San Francisco neighborhood.
      361 Brannan St, San Francisco, CA 94107
      View Details
    • $27 SF/Yr
      16,150 SF

      San Francisco Office/Flex Space

      Two-story office/flex space with parking and high power available for lease.
      San Francisco, CA 94103
      View Details
    • Contact for pricing
      37,812 SF

      Nob Hill Retail Opportunity

      Two-story, 37,812 SF building in desirable Nob Hill.
      1270 Bush St, San Francisco, CA 94109
      View Details
    • $12 SF/Yr
      50,000 SF

      Efficient Office Space in SOMA

      Highly efficient office space with parking in the SOMA district.
      859 Harrison St, San Francisco, CA 94107
      View Details
    • $24 SF/Yr
      1,350 SF

      SOMA Retail or Office Space

      Versatile space in San Francisco's vibrant SOMA neighborhood.
      1110-1114 Harrison St, San Francisco, CA 94103
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space with venting, high ceilings, and parking access.
    Where is this restaurant located?
    The property is located at 2 Varela Ave San Francisco, CA.
    What are key features of this property?
    This property features: - Hard corner location on Holloway and Cardenas Avenue; - Venting/duct shaft type 1 hood in-place; - Direct access to the parking garage for deliveries
    (415) 228-3070
    Request Owner's contact information
    2 Varela Ave San Francisco, CA 94132
    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.
    2 Varela Ave
    San Francisco, CA 94132
    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
    2 Varela Ave San Francisco, CA 94132
    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
    Ben Lazzareschi
    (415) 228-3070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.