Versatile NOPA Commercial
500 Masonic Avenue San Francisco, CA 94117
500 Masonic Avenue, San Francisco, CA, 94117
$2,550,000
For Sale
$2,550,000
High-visibility corner unit with flexible use and convenient access.
Property Size5,946 SF
Lot Size0.17 Acres
Price / SF$428.86
Days on Market491
Property Features for 500 Masonic Avenue
General Information
- Standard status
- Active
- Size
- 5,946 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing Agency
COMPASS
(415) 660-9955
Listed by
CAROL REEN · License #01820082
Source
Corcoran
Added: Mar 18, 2025 Updated: Jul 6 at 9:58 am Checked: Jul 20 at 7:17 am
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
Investment Insights
Based on property information with market context.
This expansive 5946-square-foot warehouse/retail condominium is located at the corner of Masonic Avenue and McAllister Street in the heart of NOPA. The vacant space is ready for immediate use and features 25-foot ceilings and expansive window frontage. Two ADA-accessible restrooms are shared with one other commercial unit. A deeded garage parking space and an exclusive rolltop with driveway provide convenient access for pickups and deliveries. The property benefits from high foot and vehicle traffic due to its prominent street frontage on Masonic Avenue. The unit is part of a professionally managed, 11-unit commercial association, and is positioned next to the Fulton Market Shops and directly across from the University of San Francisco. Zoned NC-S (Neighborhood Commercial-Shopping Center), the space supports a variety of business uses, including storage, retail, and office. Buyers should verify specific use cases with the San Francisco Planning Department.
Key Highlights
- High‑visibility corner location at Masonic Avenue and McAllister Street in NOPA.
- Soaring 25‑foot ceilings and expansive window frontage providing maximum natural light.
- Vacant and ready for immediate use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $261.9k | $44.04 |
| − Vacancy | −$66.5k | −$11.19 |
| EGI | $195.3k | $32.85 |
| − OpEx | −$48.8k | −$8.21 |
| NOI | $146.5k | $24.64 |
5,946 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$27.11M
$23.72M – $31.63M
NOI $1,897,526 @ 7.0% cap · market cap 74.41%
Second Best
Office B
$2.09M
$1.83M – $2.44M
NOI $146,512 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$29.04M
$25.41M – $33.88M
NOI $2,033,064 @ 7.0% cap · market cap 79.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Abbey Carpet
Warehouse & Storage
Unif Inc
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - High-visibility corner unit with flexible use and convenient access.
Where is this retail space located?
The property is located at 500 Masonic Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: High‑visibility corner location at Masonic Avenue and McAllister Street in NOPA.; **Soaring 25‑foot ceilings and expansive window frontage providing maximum natural light.**; Vacant and ready for immediate use.
