San Francisco Light Industrial
For Sale
$998,000
1190 Shafter Ave, San Francisco, CA 94124
Prime Light Industrial Space in San Francisco
Property Size3,293 SF
Price / SF$303.07
Days on Market242
Property Features for 1190 Shafter Ave
General Information
Standard status
Active
Property type
Flex space, Other industrial properties, Industrial properties
Size
3,293 SF
Building Details
Year Built
1988
Listing Agency:
eXp Commercial - CA
(415) 886-5284
Listed By:
Suphain · License #02325254
(415) 886-5284
Added: Dec 30, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 3,294 square foot light industrial space is located at 1190 Shafter Avenue in San Francisco's Bayview district. The property is suited for warehousing, distribution, manufacturing, or creative industrial use. A large roll-up door provides access for loading and unloading, and accommodates larger equipment or vehicles. The clear span layout maximizes usable space with no interior columns. The property's location provides access to US-101, I-280, and downtown San Francisco. It is zoned PDR (Production, Distribution, Repair), making it suitable for a range of industrial and commercial uses.
Key Highlights
- Key Features: Spacious 3,294 SF floor plan - Perfect for warehousing, distribution, manufacturing, or creative industrial use Large roll‑up door - Seamless access for loading/unloading and accommodating larger equipment or vehicles Clear span layout - Maximize usable space with no interior columns Strategic location - Quick access to US‑101, I‑280, and downtown San Francisco Zoned PDR (Production, Distribution, Repair) - Suited for a wide range of industrial and commercial uses Whether you're expanding operations or establishing a new base in San Francisco, 1190 Shafter Ave. offers the flexibility, access, and utility your business needs. Don't miss this opportunity to secure a functional and well‑located industrial asset in a high‑demand market. Contact us today to schedule a tour or for more information.
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
$56,014
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
5.61%
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%
$1,120,280
$1.1M
Cap Rate 7%
$800,200
$800.2K
Cap Rate 9%
$622,378
$622.4K
Market Conditions
NOI Build-Up for 3,293 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
$88.9K $27.00/SF
− Vacancy
−$8.9K −$2.70/SF
EGI
$80.0K $24.30/SF
− OpEx
−$24.0K −$7.29/SF
NOI
$56.0K $17.01/SF
Area
San Francisco, CA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,120,280
Cap Rate 7%
$800,200
Cap Rate 9%
$622,378
Alternative Uses
Best Use
Industrial
$800.2K
$700.2K – $933.6K
NOI $56,014 @ 7.0% cap · market cap 5.61%
Second Best
Flex RnD
$779.7K
$682.3K – $909.7K
NOI $54,581 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$16.08M
$14.07M – $18.77M
NOI $1,125,947 @ 7.0% cap · market cap 112.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Prime Light Industrial Space in San Francisco
Where is this flex space located?
The property is located at 1190 Shafter Ave San Francisco, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Key Features: Spacious 3,294 SF floor plan - Perfect for warehousing, distribution, manufacturing, or creative industrial use Large roll‑up door - Seamless access for loading/unloading and accommodating larger equipment or vehicles Clear span layout - Maximize usable space with no interior columns Strategic location - Quick access to US‑101, I‑280, and downtown San Francisco Zoned PDR (Production, Distribution, Repair) - Suited for a wide range of industrial and commercial uses Whether you're expanding operations or establishing a new base in San Francisco, 1190 Shafter Ave. offers the flexibility, access, and utility your business needs. Don't miss this opportunity to secure a functional and well‑located industrial asset in a high‑demand market. Contact us today to schedule a tour or for more information.
