Two-Story Mixed-Use
For Sale
Contact for pricing
1307-1311 Sutter Street, San Francisco, CA 94109
Two-story mixed-use building with 11 commercial units, including ground-floor retail and second-floor office suites.
Property Size13,954 SF
Price / SF$279.13
Days on Market17
Property Features for 1307-1311 Sutter Street
General Information
Standard status
Active
Size
13,954 SF
Property subtype
Mixed Use, Office, Retail
Zoning
RC-4 - Residential - Commercial, High Density
Investment Type
Value Add
Additional Details
Corner Location
Yes
Office Units
6
Building Details
Year Built
1913
Buildings
1
Stories
2
Units
11
Tenancy
Multi
Listing Agency:
Touchstone Commercial Partners
(415) 608-6336
Listed By:
Jaron Eliopoulos · License #CA 01975155
Source:
Crexi
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 11 at 7:51PM
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 Touchstone Commercial Partners
Investment Insights
Based on property information with market context.
Two-story mixed-use building offered as fee simple. The property contains 11 total commercial units, with five ground-floor retail or restaurant units and six second-floor office suites. The building’s commercial area totals 13,954 SF. Built in 1913, the property consists of a street-level retail component with upper-level office space.
Located on the corner of Sutter Street and Van Ness Avenue, the site is positioned along one of San Francisco’s primary transit arteries through the center of the city.
Many of the leases have short remaining terms, creating flexibility for an owner-user or investor to evaluate future operating strategies for the mixed-use asset.
Located on the corner of Sutter Street and Van Ness Avenue, the site is positioned along one of San Francisco’s primary transit arteries through the center of the city.
Many of the leases have short remaining terms, creating flexibility for an owner-user or investor to evaluate future operating strategies for the mixed-use asset.
Key Highlights
- Corner location on Sutter Street and Van Ness Avenue
- Two‑story mixed‑use building totaling 13,954 SF
- Eleven total units: five ground‑floor retail or restaurant and six second‑floor office suites
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
$343,832
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
8.83%
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%
$6,876,640
$6.9M
Cap Rate 7%
$4,911,886
$4.9M
Cap Rate 9%
$3,820,356
$3.8M
Market Conditions
NOI Build-Up for 13,954 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
$614.5K $44.04/SF
− Vacancy
−$156.1K −$11.19/SF
EGI
$458.4K $32.85/SF
− OpEx
−$114.6K −$8.21/SF
NOI
$343.8K $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%
$6,876,640
Cap Rate 7%
$4,911,886
Cap Rate 9%
$3,820,356
Alternative Uses
Best Use
Retail
$63.62M
$55.66M – $74.22M
NOI $4,453,091 @ 7.0% cap · market cap 114.33%
Second Best
Office B
$4.91M
$4.30M – $5.73M
NOI $343,832 @ 7.0% cap · market cap 8.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
20,767
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building with 11 commercial units, including ground-floor retail and second-floor office suites.
Where is this mixed-use property located?
The property is located at 1307-1311 Sutter Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Corner location on Sutter Street and Van Ness Avenue; Two‑story mixed‑use building totaling 13,954 SF; Eleven total units: five ground‑floor retail or restaurant and six second‑floor office suites
