Renovated Warehouse with Roll-Up
1450 Wallace Ave San Francisco, CA 94124
For Sale
$2,395,000
Recently renovated warehouse with three roll-up doors, new 400-amp 3-phase power, skylights, and parking for seven cars.
Property Size6,976 SF
Price / SF$343.32
Days on Market55
Property Features for 1450 Wallace Ave
General Information
- Standard status
- Active
- Size
- 6,976 SF
Listing Agency:
City Real Estate
(415) 987-6788
Listed By:
Art M. Tom
(415) 987-6788
Source:
Exprealty
Added: May 30
Changed: Jul 23
Last Checked: Jul 23 at 4:02AM
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 City Real Estate
Investment Insights
Based on property information with market context.
This recently renovated warehouse offers a functional, divided layout with concrete perimeter walls and one lengthwise interior concrete wall that separates the building into two main sections. The space is equipped with three industrial roll-up doors, including two doors providing truck dock access and an additional door with a removable drive-up ramp. Utilities and key building systems have been updated, including a new 400-amp, 3-phase electrical service and a new water main. A handicap-accessible half bath is included, and skylights throughout provide natural light.
The property is located in the industrial area of the Bayview District in San Francisco, with convenient parking available for seven cars across the front of the building.
The building is offered as-is for an owner-user, with stated flexibility to support manufacturing, production, distribution, or repair uses based on the existing improvements and configuration.
The property is located in the industrial area of the Bayview District in San Francisco, with convenient parking available for seven cars across the front of the building.
The building is offered as-is for an owner-user, with stated flexibility to support manufacturing, production, distribution, or repair uses based on the existing improvements and configuration.
Key Highlights
- Recently renovated warehouse in San Francisco’s Bayview District industrial area
- Three industrial roll‑up doors: two truck dock access doors plus one door with removable drive‑up ramp
- New 400‑amp, 3‑phase electrical service, plus a new water main
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 | $188.4k | $27.00 |
| − Vacancy | −$18.8k | −$2.70 |
| EGI | $169.5k | $24.30 |
| − OpEx | −$25.4k | −$3.65 |
| NOI | $144.1k | $20.66 |
6,976 SF · lease $27.00/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,089 @ 7.0% cap · market cap 6.02%
Second Best
Industrial
$1.70M
$1.48M – $1.98M
NOI $118,662 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$34.07M
$29.82M – $39.75M
NOI $2,385,243 @ 7.0% cap · market cap 99.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Charlie Seafood
Take-out & Catering
Similar Off Market Nearby
- Envision Cold Storage — 1600 Donner Ave, San Francisco, CA 94124
- Self-Storage at U-Haul — 1575 Bayshore Blvd, San Francisco, CA 94124
- Celtic Moving & Storage — 1290 Egbert Ave, San Francisco, CA 94124
- Pat Ryan Moving & Storage — 1351 Egbert Ave, San Francisco, CA 94124
- Celtic Moving & Storage — 1480 Donner Ave, San Francisco, CA 94124
FAQs
What type of property is this?
Warehouse - Recently renovated warehouse with three roll-up doors, new 400-amp 3-phase power, skylights, and parking for seven cars.
Where is this warehouse located?
The property is located at 1450 Wallace Ave San Francisco, CA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Recently renovated warehouse in San Francisco’s Bayview District industrial area; Three industrial roll‑up doors: two truck dock access doors plus one door with removable drive‑up ramp; New 400‑amp, 3‑phase electrical service, plus a new water main
