Larkin Street Office For
For Sale
Contact for pricing
1349 Larkin St, San Francisco, CA
Unique owner-user opportunity near Van Ness in San Francisco.
Property Size6,750 SF
Lot Size0.09 Acres
Price / SF$340.74
Days on Market793
Property Features for 1349 Larkin St
General Information
Standard status
Active
Size
6,750 SF
Lot size
0.09 Acres
Property subtype
OFFICE
Listing Agency:
Lee & Associates | San Francisco
(415) 523-1080
Listed By:
David Klein · License #00790730
(415) 828-2188
Source:
Moodyscre
Added: Aug 19, 2024
Changed: Oct 3
Last Checked: Oct 19 at 6:45AM
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 Lee & Associates | San Francisco
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located off California Street at 1349 Larkin, this property presents a unique opportunity for an owner-user. The space, formerly an architect's office, spans a single floor with a mezzanine, totaling 6,750 square feet. The property features high ceilings and ample natural light. Its zoning allows for various uses, making it suitable for professional services or other business types. The location offers close proximity to Van Ness.
Key Highlights
- Great owner‑user opportunity with SBA financing
- High ceilings with great natural light
- 6,750 sf single floor with mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,323
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,326,460
$3.3M
Cap Rate 7%
$2,376,043
$2.4M
Cap Rate 9%
$1,848,033
$1.8M
Market Conditions
NOI Build-Up for 6,750 SF
Gross rent
$297.3K $44.04/SF
− Vacancy
−$75.5K −$11.19/SF
EGI
$221.8K $32.85/SF
− OpEx
−$55.4K −$8.21/SF
NOI
$166.3K $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%
$3,326,460
Cap Rate 7%
$2,376,043
Cap Rate 9%
$1,848,033
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.77M
NOI $166,323 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.97M
$28.85M – $38.47M
NOI $2,307,968 @ 7.0% cap · market cap 100.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
14,443
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Office unit - Unique owner-user opportunity near Van Ness in San Francisco.
Where is this office unit located?
The property is located at 1349 Larkin St San Francisco, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Great owner‑user opportunity with SBA financing; High ceilings with great natural light; 6,750 sf single floor with mezzanine
