Mixed-Use Property with Two-Bedroom
For Sale
$3,000,000
1226 Stockton Street 1224, San Francisco, CA 94133
Retail storefront with two vacant two-bedroom residential units.
Property Size6,576 SF
Price / SF$456.20
Days on Market103
Property Features for 1226 Stockton Street 1224
General Information
Standard status
Active
Size
6,576 SF
Building Details
Building Size
6,576 SF
Year Built
1907
Tenancy
Multi
Listing Agency:
Remax Prestigious Properties
(415) 279-6833
Listed By:
Yue Ming Wu · License #02045194
(415) 279-6833
Source:
Evrealestate
Added: May 21
Changed: Aug 31
Last Checked: Aug 30 at 1:33PM
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 Remax Prestigious Properties
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating retail storefront with two vacant residential units, each configured with two bedrooms. The retail component is currently occupied by a tenant, while the residential spaces offer separate vacancy within the same asset.
Constructed in 1907, the property contains 6,576 square feet. Located at 1226 Stockton Street in San Francisco, the building is positioned within a mixed-use setting that includes both commercial and residential components.
The combination of an existing retail tenancy and two vacant apartments creates a straightforward configuration for an owner seeking commercial and residential space in one property.
Constructed in 1907, the property contains 6,576 square feet. Located at 1226 Stockton Street in San Francisco, the building is positioned within a mixed-use setting that includes both commercial and residential components.
The combination of an existing retail tenancy and two vacant apartments creates a straightforward configuration for an owner seeking commercial and residential space in one property.
Key Highlights
- Mixed‑use building with retail and residential components
- 6,576 square feet of total property size
- Two vacant residential units, each with 2 bedrooms
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
$233,708
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
7.79%
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%
$4,674,160
$4.7M
Cap Rate 7%
$3,338,686
$3.3M
Cap Rate 9%
$2,596,756
$2.6M
Market Conditions
NOI Build-Up for 6,576 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
$355.1K $54.00/SF
− Vacancy
−$21.2K −$3.23/SF
EGI
$333.9K $50.77/SF
− OpEx
−$100.2K −$15.23/SF
NOI
$233.7K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /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%
$4,674,160
Cap Rate 7%
$3,338,686
Cap Rate 9%
$2,596,756
Alternative Uses
Best Use
Retail
$29.98M
$26.23M – $34.98M
NOI $2,098,576 @ 7.0% cap · market cap 69.95%
Second Best
Multifamily LT 5
$3.34M
$2.92M – $3.90M
NOI $233,708 @ 7.0% cap · market cap 7.79%
Theoretical Best
Specialty Retail
$32.12M
$28.11M – $37.47M
NOI $2,248,474 @ 7.0% cap · market cap 74.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 94133, CA
26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail storefront with two vacant two-bedroom residential units.
Where is this mixed-use property located?
The property is located at 1226 Stockton Street 1224 San Francisco, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Mixed‑use building with retail and residential components; 6,576 square feet of total property size; Two vacant residential units, each with 2 bedrooms
