Medical Office Space with Natural
For Sale
$480,000
1244-490 Post St, San Francisco, CA 94109
Flexible professional suite with an operable window, building security, and access to on-site parking.
Property Size549 SF
Price / SF$874.32
Days on Market31
Property Features for 1244-490 Post St
General Information
Standard status
Active
Size
549 SF
Net Rentable
549 SF
Additional Details
Public Transit
Yes
Amenities
building security
24/7 access
Listing Agency:
Catherine House, Broker
(415) 378-8174
Listed By:
Catherine E. House
(415) 378-8174
Source:
Exprealty
Added: Aug 1
Changed: Aug 22
Last Checked: Aug 30 at 7:19PM
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 Catherine House, Broker
Investment Insights
Based on property information with market context.
This 549 RSF office condominium is positioned on Post St and receives natural light through an operable window. The space supports office or medical office use within a professional medical and dental building.
The property is in Union Square, with BART and Muni service available at Powell Street. Building access is open 24/7 with security, while monthly parking is available on site and multiple parking garages are located within a block.
Monthly dues include utilities and janitorial expenses. Professional management oversees the Owners Association, providing an established framework for ongoing property administration.
The property is in Union Square, with BART and Muni service available at Powell Street. Building access is open 24/7 with security, while monthly parking is available on site and multiple parking garages are located within a block.
Monthly dues include utilities and janitorial expenses. Professional management oversees the Owners Association, providing an established framework for ongoing property administration.
Key Highlights
- 549 RSF office space facing Nob Hill
- Operable window provides natural light
- Suitable for office or medical office use
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
$13,528
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
2.82%
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%
$270,560
$270.6K
Cap Rate 7%
$193,257
$193.3K
Cap Rate 9%
$150,311
$150.3K
Market Conditions
NOI Build-Up for 549 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
$24.2K $44.04/SF
− Vacancy
−$6.1K −$11.19/SF
EGI
$18.0K $32.85/SF
− OpEx
−$4.5K −$8.21/SF
NOI
$13.5K $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 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%
$270,560
Cap Rate 7%
$193,257
Cap Rate 9%
$150,311
Alternative Uses
Best Use
Office B
$193.3K
$169.1K – $225.5K
NOI $13,528 @ 7.0% cap · market cap 2.82%
Second Best
Healthcare Medical
$129.9K
$113.6K – $151.5K
NOI $9,091 @ 7.0% cap · market cap 1.89%
Theoretical Best
Retail
$2.50M
$2.19M – $2.92M
NOI $175,200 @ 7.0% cap · market cap 36.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,382
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in San Francisco, CA
Questions? Ask Rey
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- San Francisco Animal Medical Center — 2343 Fillmore St, San Francisco, CA 94115
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional suite with an operable window, building security, and access to on-site parking.
Where is this medical office space located?
The property is located at 1244-490 Post St San Francisco, CA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 549 RSF office space facing Nob Hill; Operable window provides natural light; Suitable for office or medical office use
