SOMA Industrial Building with Creative
1069-1073 Howard Street San Francisco, CA 94103
1069-1073 Howard Street, San Francisco, CA, 94103
$5,694,000
For Sale
$5,694,000
Industrial building in SOMA, ideal for investment or business.
Property Size13,808 SF
Lot Size0.09 Acres
Price / SF$412.37
Days on Market532
Property Features for 1069-1073 Howard Street
General Information
- Standard status
- Active
- Size
- 13,808 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1927
Listing Agency
Vanguard Properties
(415) 309-2722
Listed by
Cheryl J Maloney · License #01966668
(415) 309-2722
Source
Compass
Added: Feb 3, 2025 Checked: Jul 19 at 5:23 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 Vanguard Properties
Investment Insights
Based on property information with market context.
Located on the southeast corner of Howard and Moss streets, 1069-1073 Howard Street is an industrial building featuring a concrete frame and Classical Revival design. The property, situated on a 3,746 square-foot rectangular lot, contains 13,808 square feet of space per tax records. The building includes three levels above a basement and is capped by a flat roof. Access is provided by two pedestrian entrances on Howard Street and two loading docks on Moss Street, one at street level and one at truck height. The property is located in the Western SOMA Light Industrial and Residential Historic District, which has a height limit of 85 feet. The building is equipped with a freight elevator, 220amp electrical service, ethernet wiring, and security cameras. Currently, the building is fully leased to a single tenant and used as a collaborative workspace for artists, photographers, craft makers, and other creatives, with an option to be delivered vacant. With a walk score of 96, the location provides convenient access to the 101 and 280 Freeways, as well as BART, MUNI, CalTrain, and bus transit options. It offers potential for investment or business use.
Key Highlights
- Large industrial building: Over 13,800 sq ft with development potential in Western SOMA.
- Prime location: Walk Score of 96, with excellent access to freeways (101 & 280) and public transportation (BART, MUNI, CalTrain, Bus).
- Flexible usage: Currently leased to a single tenant with option to deliver vacant, suitable for investment or owner‑occupancy.
Local Financial Insights For Mixed Use
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 | $579.9k | $42.00 |
| − Vacancy | −$87.0k | −$6.30 |
| EGI | $492.9k | $35.70 |
| − OpEx | −$184.9k | −$13.39 |
| NOI | $308.1k | $22.31 |
13,808 SF · lease $42.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$4.40M
$3.85M – $5.13M
NOI $308,091 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$3.36M
$2.94M – $3.91M
NOI $234,874 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$67.45M
$59.02M – $78.69M
NOI $4,721,249 @ 7.0% cap · market cap 82.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Industrial building in SOMA, ideal for investment or business.
Where is this mixed-use property located?
The property is located at 1069-1073 Howard Street San Francisco, CA.
What is the asking price?
The asking price for this property is $5,694,000.
What are key features of this property?
This property features: Large industrial building: Over 13,800 sq ft with development potential in Western SOMA.; Prime location: Walk Score of 96, with excellent access to freeways (101 & 280) and public transportation (BART, MUNI, CalTrain, Bus).; Flexible usage: Currently leased to a single tenant with option to deliver vacant, suitable for investment or owner‑occupancy.
