Remodeled Creative Office
209 9th St, San Francisco, CA
Call to check price and availability
Newly remodeled creative office condo in West SOMA for sale.
Type:RETAIL
Property size:
4,037 SFLot size:
0.09 AcresPrice / SF:
$371/SF- Added:
- Nov 3, 2022
- Days on Market:
- 1298
- Last Refresh:
- Apr 5 at 10:03 pm
Property Features for 209 9th St
General Information
- Standard status
- Active
- Size
- 4,037 SF
- Lot size
- 0.09 Acres
- Property subtype
- RETAIL
Properties For Sale
at 209 9th St Contact us
Listing agent Craig Hansson License #01841643 (415) 710-7768
Listing office Starboard Commercial Real Estate (415) 710-7768
Listing date Nov 3, 2022
Source Moodyscre
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 Starboard Commercial Real Estate
HighLights
- Opportunity to own commercial condo(s) in West SOMA, offering fixed expenses and protection from rising rents.
- Approved for SBA financing with as little as 10% down payment.
- Newly remodeled open creative office space with new floors, lighting, kitchen, and bathrooms.
- High ceilings and great natural light with sweeping views of West SOMA and the Sutro Tower.
- Easy access via private elevator or staircase, with ADA elevator access to the 2nd and 3rd floors.
- Well‑positioned location a few blocks from BART and within walking distance of restaurants and amenities.
Overview
This is an opportunity to purchase a commercial condo in the West SOMA neighborhood. The space features an open layout and has been recently remodeled with new flooring and lighting. The suite is accessible via a private elevator or staircase. The property benefits from high ceilings and natural light, with views of West SOMA and the Sutro Tower. It includes two conference rooms, a new kitchen, and new bathrooms. The condos are located a few blocks from BART and within walking distance of restaurants and amenities. The suites on the 2nd and 3rd floors have ADA elevator access. It is approved for SBA financing, allowing a user to purchase with as little as 10% down. This property is suitable for an owner-occupier.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.11M
NOI $99,473 @ 9.00% cap · cautious / downside scenario
Moderate
$1.42M
NOI $99,473 @ 7.00% cap · market / base-case scenario
Aggressive
$1.99M
NOI $99,473 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.8k | $44.04 |
| − Vacancy | −$45.2k | −$11.19 |
| EGI | $132.6k | $32.85 |
| − OpEx | −$33.2k | −$8.21 |
| NOI | $99.5k | $24.64 |
4,037 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,473 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.72M
$17.25M – $23.01M
NOI $1,380,336 @ 7.0% cap · market cap 92.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Youth Leadership Institute
Child Welfare Organization
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.413
- Latitude
- 37.7749
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FAQs
What type of property is this?
Office units - Newly remodeled creative office condo in West SOMA for sale.
Where is this office units located?
The property is located at 209 9th St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Opportunity to own commercial condo(s) in West SOMA, offering fixed expenses and protection from rising rents.; Approved for SBA financing with as little as 10% down payment.; Newly remodeled open creative office space with new floors, lighting, kitchen, and bathrooms.
