Bayview Industrial Warehouse
For Sale
$650,000
Pending
1190 Shafter Avenue # A, San Francisco, CA 94124
Industrial warehouse condo in San Francisco's Bayview District.
Property Size1,875 SF
Days on Market220
Property Features for 1190 Shafter Avenue # A
General Information
Standard status
Pending
Size
1,875 SF
Property subtype
Industrial
Building Details
Building Size
1,875 SF
Year Built
1988
Listing Agency:
Compass Commercial
(415) 345-3000
Listed By:
Davis Nguyen · License #01509978
Source:
Swanngroupsf
Added: Jan 23
Changed: Aug 25
Last Checked: Aug 24 at 3:16PM
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 Compass Commercial
Investment Insights
Based on property information with market context.
This industrial warehouse condominium, located in San Francisco's Bayview District, was built in 1988. The property provides approximately 1,875 square feet of warehouse space, along with a bonus mezzanine level. The space features an open work area and a roll-up door. The zoning is PDR-1-B, allowing for a wide range of permitted uses. Situated in a well-established industrial area, the property benefits from close proximity to major freeways and convenient access to San Francisco's industrial corridors. This property is well-suited for a variety of industrial and operational uses and presents an excellent opportunity for both investors and owner-users.
Key Highlights
- Approximately 1,875 sq ft industrial warehouse condominium in San Francisco's Bayview District.
- PDR‑1‑B zoning allows for a wide range of permitted uses.
- Features an open work area and roll‑up door.
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
$38,728
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
5.96%
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%
$774,560
$774.6K
Cap Rate 7%
$553,257
$553.3K
Cap Rate 9%
$430,311
$430.3K
Market Conditions
NOI Build-Up for 1,875 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
$50.6K $27.00/SF
− Vacancy
−$5.1K −$2.70/SF
EGI
$45.6K $24.30/SF
− OpEx
−$6.8K −$3.65/SF
NOI
$38.7K $20.66/SF
Area
San Francisco, CA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
15.00%
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%
$774,560
Cap Rate 7%
$553,257
Cap Rate 9%
$430,311
Alternative Uses
Best Use
Warehouse
$553.3K
$484.1K – $645.5K
NOI $38,728 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$9.16M
$8.01M – $10.69M
NOI $641,102 @ 7.0% cap · market cap 98.63%
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse condo in San Francisco's Bayview District.
Where is this warehouse located?
The property is located at 1190 Shafter Avenue # A San Francisco, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 1,875 sq ft industrial warehouse condominium in San Francisco's Bayview District.; PDR‑1‑B zoning allows for a wide range of permitted uses.; Features an open work area and roll‑up door.
