Remodeled Creative Office
For Sale
Contact for pricing
209 9th St, San Francisco, CA 94103
Newly renovated open office space with high ceilings, natural light, private access, and two conference rooms.
Property Size4,037 SF
Price / SF$644.04
Days on Market1461
Property Features for 209 9th St
General Information
Standard status
Active
Size
4,037 SF
Elevators
Yes
Property subtype
OFFICE
Site & Location
Neighborhood
South of Market
Public Transit
Yes
Listing Agency:
Starboard Commercial Real Estate
(415) 765-6900
Listed By:
Craig Hansson · License #018
(415) 710-7768
Source:
Moodyscre
Added: Nov 3, 2022
Changed: Oct 26
Last Checked: Nov 1 at 8:28AM
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 Starboard Commercial Real Estate
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Investment Insights
Based on property information with market context.
This newly remodeled creative office property features an open layout designed for flexible work, with new flooring and lighting throughout. The suite includes high ceilings, abundant natural light, two conference rooms, a new kitchen, and newly updated bathrooms. Access is provided by a private elevator to the suite, with an option to walk up the staircase as well.
The building offers sweeping views of West SOMA and the Sutro Tower. The 2nd and 3rd floors have ADA elevator access, supporting convenient intra-building movement. The property is positioned a few blocks from BART and within walking distance of restaurants and amenities in West SOMA.
The offering includes three unique commercial condos, which may be purchased individually or together. The project is currently approved for SBA financing, offering the ability to purchase with as little as 10% down, supporting an owner-occupier approach.
The building offers sweeping views of West SOMA and the Sutro Tower. The 2nd and 3rd floors have ADA elevator access, supporting convenient intra-building movement. The property is positioned a few blocks from BART and within walking distance of restaurants and amenities in West SOMA.
The offering includes three unique commercial condos, which may be purchased individually or together. The project is currently approved for SBA financing, offering the ability to purchase with as little as 10% down, supporting an owner-occupier approach.
Key Highlights
- Newly remodeled open creative office with new flooring and new lighting
- High ceilings and great natural light with sweeping views of West SOMA and Sutro Tower
- Private elevator access to the suite plus walk‑up staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,473
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,989,460
$2.0M
Cap Rate 7%
$1,421,043
$1.4M
Cap Rate 9%
$1,105,256
$1.1M
Market Conditions
NOI Build-Up for 4,037 SF
Gross rent
$177.8K $44.04/SF
− Vacancy
−$45.2K −$11.19/SF
EGI
$132.6K $32.85/SF
− OpEx
−$33.2K −$8.21/SF
NOI
$99.5K $24.64/SF
Area
San Francisco, CA
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 Rate 5%
$1,989,460
Cap Rate 7%
$1,421,043
Cap Rate 9%
$1,105,256
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,473 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.72M
$17.25M – $23.01M
NOI $1,380,336 @ 7.0% cap · market cap 53.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
11,660
Businesses Nearby
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Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Creative space - Newly renovated open office space with high ceilings, natural light, private access, and two conference rooms.
Where is this creative space located?
The property is located at 209 9th St San Francisco, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Newly remodeled open creative office with new flooring and new lighting; High ceilings and great natural light with sweeping views of West SOMA and Sutro Tower; Private elevator access to the suite plus walk‑up staircase
