Renovated Nob Hill Office/Retail
For Sale
$4,500,000
999 Sutter Street, San Francisco, CA 94109
Fully renovated office/retail building in San Francisco's Lower Nob Hill.
Property Size11,105 SF
Lot Size0.08 Acres
Price / SF$405.22
Days on Market632
Property Features for 999 Sutter Street
General Information
Standard status
Active
Size
11,105 SF
Lot size
0.08 Acres
Property subtype
Commercial
Building Details
Year Built
1911
Listing Agency:
COMPASS COMMERCIAL
(415) 345-3000
Listed By:
DAVIS NGUYEN · License #01509978
(415) 412-5703
Source:
Corcoran
Added: Jan 28, 2025
Changed: Oct 16
Last Checked: Oct 20 at 8:48PM
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
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Investment Insights
Based on property information with market context.
Located in the Lower Nob Hill neighborhood of San Francisco, the property at 999 Sutter Street is a fully renovated, boutique office/retail building. The building encompasses approximately 11,105 square feet (per architect) situated on a 3,281 square foot lot. It spans four floors, along with a lower level unit. Modern upgrades include key fob access to the building and interior units, new HVAC units, Meraki networking and WiFi throughout the building, Cat 5/6 cables, and Meraki Security Cameras. The roof was replaced in 2015 and was recently coated with white ceramic elastomeric coating in 2019.
Key Highlights
- Fully renovated office/retail building in Lower Nob Hill, San Francisco.
- Approximately 11,105 square feet of space across 4 floors plus a lower level unit.
- Modern upgrades including key fob access, new HVAC units, and Meraki networking/WiFi.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$273,631
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,472,620
$5.5M
Cap Rate 7%
$3,909,014
$3.9M
Cap Rate 9%
$3,040,344
$3.0M
Market Conditions
NOI Build-Up for 11,105 SF
Gross rent
$489.1K $44.04/SF
− Vacancy
−$124.2K −$11.19/SF
EGI
$364.8K $32.85/SF
− OpEx
−$91.2K −$8.21/SF
NOI
$273.6K $24.64/SF
Area
ZIP 94109
Vacancy
25.40%
Lease Rate
$44.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,472,620
Cap Rate 7%
$3,909,014
Cap Rate 9%
$3,040,344
Alternative Uses
Best Use
Office B
$3.91M
$3.42M – $4.56M
NOI $273,631 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$50.63M
$44.30M – $59.07M
NOI $3,543,900 @ 7.0% cap · market cap 78.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
15,042
Businesses Nearby
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Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
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Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Office building - Fully renovated office/retail building in San Francisco's Lower Nob Hill.
Where is this office building located?
The property is located at 999 Sutter Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Fully renovated office/retail building in Lower Nob Hill, San Francisco.; Approximately 11,105 square feet of space across 4 floors plus a lower level unit.; Modern upgrades including key fob access, new HVAC units, and Meraki networking/WiFi.
