Mixed-Use Building with
For Sale
$3,000,000
1226 Stockton Street # 1224, San Francisco, CA 94133
Ground-floor commercial space is paired with two remodeled residential units and basement storage.
Property Size6,576 SF
Days on Market104
Property Features for 1226 Stockton Street # 1224
General Information
Standard status
Active
Size
6,576 SF
Property subtype
Mixed Use
Building Details
Building Size
6,576 SF
Year Built
1907
Listing Agency:
Remax Prestigious Properties
(415) 564-3776
Listed By:
Ming Wu · License #02045194
Source:
Swanngroupsf
Added: May 21
Changed: Aug 29
Last Checked: Aug 30 at 9:11PM
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.
The mixed-use building at 1224-1226 Stockton Street contains approximately 6,576 square feet across commercial and residential components. Its ground-floor commercial unit includes a mezzanine and basement storage, providing additional functional space within the building.
The upper level contains two vacant residential units, each configured with 2 bedrooms and 2 bathrooms. Both residences have been remodeled. Constructed in 1907, the property is located in San Francisco’s Chinatown at 1224-1226 Stockton Street.
The upper level contains two vacant residential units, each configured with 2 bedrooms and 2 bathrooms. Both residences have been remodeled. Constructed in 1907, the property is located in San Francisco’s Chinatown at 1224-1226 Stockton Street.
Key Highlights
- Approximately 6,576 square feet of mixed‑use space
- Ground‑floor commercial unit with mezzanine
- Basement storage included with the commercial space
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
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 - Ground-floor commercial space is paired with two remodeled residential units and basement storage.
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: Approximately 6,576 square feet of mixed‑use space; Ground‑floor commercial unit with mezzanine; Basement storage included with the commercial space
