Clearspan
For Sale
Contact for pricing
55 Elmira St, San Francisco, CA 94124
Metal-framed commercial warehouse with a drive-in loading door, kitchenette, and side parking behind a gate.
Property Size3,710 SF
Lot Size0.14 Acres
Price / SF$539.08
Days on Market1706
Property Features for 55 Elmira St
General Information
Standard status
Active
Size
3,710 SF
Lot size
0.14 Acres
Property subtype
OFFICE
Warehouse & Industrial
Clear Height
21 ft
Clear Span
Yes
Drive-In Doors
1
Additional Details
Fenced Yard
Yes
Amenities
Kitchenette
Building Details
Building Size
3,710 SF
Construction
metal-framed
Listing Agency:
Starboard Commercial Real Estate
(415) 765-6900
Listed By:
Frank Vella · License #01104977
(650) 464-8062
Source:
Moodyscre
Added: Jan 21, 2022
Changed: Sep 8
Last Checked: Sep 22 at 8:41PM
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
Investment Insights
Based on property information with market context.
This metal-framed commercial warehouse offers a clearspan interior with 15’–21’ ceiling height. The building includes a kitchenette, along with one (1) drive-in loading door to support straightforward loading and unloading. For vehicle storage, there is a parking area on the side of the building behind a gate.
The property is located at 55 Elmira St in San Francisco’s Bayshore Corridor. The site is approximately 3,710 SF building size on a lot of approximately 6,098 SF.
Overall, the configuration supports warehouse use where a clear, unobstructed interior and basic loading access are important for day-to-day operations.
The property is located at 55 Elmira St in San Francisco’s Bayshore Corridor. The site is approximately 3,710 SF building size on a lot of approximately 6,098 SF.
Overall, the configuration supports warehouse use where a clear, unobstructed interior and basic loading access are important for day-to-day operations.
Key Highlights
- Approximately 3,710 SF warehouse building
- Approximately 6,098 SF lot size
- Metal‑framed commercial warehouse construction
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
$76,630
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
3.83%
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%
$1,532,600
$1.5M
Cap Rate 7%
$1,094,714
$1.1M
Cap Rate 9%
$851,444
$851.4K
Market Conditions
NOI Build-Up for 3,710 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
$100.2K $27.00/SF
− Vacancy
−$10.0K −$2.70/SF
EGI
$90.2K $24.30/SF
− OpEx
−$13.5K −$3.65/SF
NOI
$76.6K $20.66/SF
Area
San Francisco, CA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,532,600
Cap Rate 7%
$1,094,714
Cap Rate 9%
$851,444
Alternative Uses
Best Use
Warehouse
$1.09M
$957.9K – $1.28M
NOI $76,630 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.12M
$15.86M – $21.14M
NOI $1,268,528 @ 7.0% cap · market cap 63.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Metal-framed commercial warehouse with a drive-in loading door, kitchenette, and side parking behind a gate.
Where is this warehouse located?
The property is located at 55 Elmira St San Francisco, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 3,710 SF warehouse building; Approximately 6,098 SF lot size; Metal‑framed commercial warehouse construction
