Single-Story Industrial
For Sale
$1,695,000
1450 Wallace Ave, San Francisco, CA 94124
Concrete single-story warehouse with three overhead doors, 400-amp service, and roughly 14’ clear height.
Property Size6,976 SF
Price / SF$242.98
Days on Market176
Property Features for 1450 Wallace Ave
General Information
Standard status
Active
Size
6,976 SF
Listing Agency:
City Real Estate
(415) 325-2295
Listed By:
Art M. Tom
(415) 987-6788
Source:
Exprealty
Added: Apr 13
Changed: Sep 9
Last Checked: Oct 5 at 7:08PM
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.
1450 Wallace Ave is a single-story concrete industrial warehouse totaling 6,976 SF, situated on a 7,500 SF lot. The building features three skylights and an ADA restroom. Electrical service is listed at 400 amps, with an approximate 14’ clear height.
The front façade includes three overhead doors, with two doors at 12’ clear height and one door at 10’ clear height. Parking is available in the front.
The property is located in the Bayview/Hunters Point Industrial and Green Zone and is described with PDR-2 zoning. Public remarks indicate the property has a clean environmental report, and that tours require an offer (LOI minimum) and are by appointment only. The current tenant is identified as a cannabis cultivator with 8 years of stable tenancy and 2 years remaining on the lease, plus one five-year option and an upcoming rent bump.
The front façade includes three overhead doors, with two doors at 12’ clear height and one door at 10’ clear height. Parking is available in the front.
The property is located in the Bayview/Hunters Point Industrial and Green Zone and is described with PDR-2 zoning. Public remarks indicate the property has a clean environmental report, and that tours require an offer (LOI minimum) and are by appointment only. The current tenant is identified as a cannabis cultivator with 8 years of stable tenancy and 2 years remaining on the lease, plus one five-year option and an upcoming rent bump.
Key Highlights
- Industrial warehouse at 1450 Wallace Ave in San Francisco’s Bayview/Hunters Point Industrial and Green Zone
- Single‑story 6,976 SF concrete building on a 7,500 SF lot with approximately 14’ clear height
- 400‑amp electrical service plus three skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,089
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,881,780
$2.9M
Cap Rate 7%
$2,058,414
$2.1M
Cap Rate 9%
$1,600,989
$1.6M
Market Conditions
NOI Build-Up for 6,976 SF
Gross rent
$188.4K $27.00/SF
− Vacancy
−$18.8K −$2.70/SF
EGI
$169.5K $24.30/SF
− OpEx
−$25.4K −$3.65/SF
NOI
$144.1K $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 Rate 5%
$2,881,780
Cap Rate 7%
$2,058,414
Cap Rate 9%
$1,600,989
Alternative Uses
Best Use
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,089 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$34.07M
$29.82M – $39.75M
NOI $2,385,243 @ 7.0% cap · market cap 140.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,550
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Concrete single-story warehouse with three overhead doors, 400-amp service, and roughly 14’ clear height.
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 $1,695,000.
What are key features of this property?
This property features: Industrial warehouse at 1450 Wallace Ave in San Francisco’s Bayview/Hunters Point Industrial and Green Zone; Single‑story 6,976 SF concrete building on a 7,500 SF lot with approximately 14’ clear height; 400‑amp electrical service plus three skylights
