Retail Warehouse Development
1450 Howard Street San Francisco, CA 94103
1450 Howard Street, San Francisco, CA, 94103
$1,200,000
For Sale
$1,200,000
Existing retail/warehouse building on an approved site for a 15-unit, six-story condo project.
Property Size3,425 SF
Lot Size0.05 Acres
Price / SF$350.36
Days on Market295
Property Features for 1450 Howard Street
General Information
- Standard status
- Active
- Size
- 3,425 SF
- Lot size
- 0.05 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing agency
(415) 828-7814
Listed by
Corcoran Icon Properties
(415) 828-7814
Source
Xome
Added: Oct 1, 2025 Updated: Jul 22 at 5:56AM Checked: Jul 22 at 5:56AM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
The property is an approximately 3,425-square-foot retail/warehouse building situated on an approximately 2,247-square-foot lot. The listing also describes the site as an owner-user and development opportunity, with approvals in place for a 15-unit modern six-story condo project, subject to verification with the architect regarding any additional options.
The asset is located at 1450 Howard Street in San Francisco, CA 94103. Prospective buyers and tenants should review the attached drawings and confirm details of the approved condo plan directly with the project team.
For sale or lease, the property provides both an existing commercial structure and documented development entitlement for residential conversion, allowing interested parties to assess fit for an owner-user or redevelopment timeline.
The asset is located at 1450 Howard Street in San Francisco, CA 94103. Prospective buyers and tenants should review the attached drawings and confirm details of the approved condo plan directly with the project team.
For sale or lease, the property provides both an existing commercial structure and documented development entitlement for residential conversion, allowing interested parties to assess fit for an owner-user or redevelopment timeline.
Key Highlights
- Approximately 3,425 SF retail/warehouse building on a 2,247 SF lot
- Site is approved for a 15‑unit, six‑story condo project (see attached drawings)
- Options include owner‑user or lease sale per property remarks
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.5k | $27.00 |
| − Vacancy | −$9.2k | −$2.70 |
| EGI | $83.2k | $24.30 |
| − OpEx | −$12.5k | −$3.65 |
| NOI | $70.7k | $20.66 |
3,425 SF · lease $27.00/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$15.61M
$13.66M – $18.22M
NOI $1,093,008 @ 7.0% cap · market cap 91.08%
Second Best
Warehouse
$1.01M
$884.3K – $1.18M
NOI $70,743 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$16.73M
$14.64M – $19.52M
NOI $1,171,080 @ 7.0% cap · market cap 97.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Major Appliance Parts
Big Box & Wholesale Store
EAS
Home Appliance Store
1450 Howard St
Building
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FAQs
What type of property is this?
Warehouse - Existing retail/warehouse building on an approved site for a 15-unit, six-story condo project.
Where is this warehouse located?
The property is located at 1450 Howard Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 3,425 SF retail/warehouse building on a 2,247 SF lot; Site is approved for a 15‑unit, six‑story condo project (see attached drawings); Options include owner‑user or lease sale per property remarks
