San Francisco Warehouse For
For Sale
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843 Polk St, San Francisco, CA
2,925 SF San Francisco warehouse with recent upgrades.
Property Size2,925 SF
Lot Size0.13 Acres
Price / SF$410.26
Days on Market499
Property Features for 843 Polk St
General Information
Standard status
Active
Size
2,925 SF
Lot size
0.13 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Blatteis Realty Co
(415) 981-2844
Listed By:
David Blatteis · License #00418305
(415) 321-7488
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Aug 12
Last Checked: Sep 1 at 7:31PM
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 Blatteis Realty Co
Investment Insights
Based on property information with market context.
This 2,925 square foot warehouse property is located in San Francisco, CA. The property had ADA compliance work performed in 2019. A new roof was installed in 2016, and a UMB retrofit was performed in 2002.
Key Highlights
- ADA Compliance in 2019
- New Roof installed 2016
- UMB Retrofit Performed in 2002
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
$60,416
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
5.03%
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%
$1,208,320
$1.2M
Cap Rate 7%
$863,086
$863.1K
Cap Rate 9%
$671,289
$671.3K
Market Conditions
NOI Build-Up for 2,925 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
$79.0K $27.00/SF
− Vacancy
−$7.9K −$2.70/SF
EGI
$71.1K $24.30/SF
− OpEx
−$10.7K −$3.65/SF
NOI
$60.4K $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%
$1,208,320
Cap Rate 7%
$863,086
Cap Rate 9%
$671,289
Alternative Uses
Best Use
Warehouse
$863.1K
$755.2K – $1.01M
NOI $60,416 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$710.8K
$621.9K – $829.2K
NOI $49,754 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$14.29M
$12.50M – $16.67M
NOI $1,000,120 @ 7.0% cap · market cap 83.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13,715
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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?
Warehouse - 2,925 SF San Francisco warehouse with recent upgrades.
Where is this warehouse located?
The property is located at 843 Polk St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ADA Compliance in 2019; New Roof installed 2016; UMB Retrofit Performed in 2002
