Leased Mixed-Use
For Sale
Contact for pricing
1493-1499 Potrero Avenue, San Francisco, CA 94110
Fully occupied by a combination of commercial and residential tenants.
Property Size38,870 SF
Lot Size1.08 Acres
Price / SF$308.72
Days on Market9
Property Features for 1493-1499 Potrero Avenue
General Information
Standard status
Active
Size
38,870 SF
Lot size
1.08 Acres
Property subtype
Mixed Use
Occupancy
100%
Land
Land Use
mixed-use
Entitled
Yes
Additional Details
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
Beckett Capital
Listed By:
David Noravian · License #CA 01419471
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 22 at 7:18PM
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 Beckett Capital
Investment Insights
Based on property information with market context.
This mixed-use portfolio comprises 38,870 SF across approximately 1.08 acres in San Francisco’s Mission District. The properties are occupied by eighteen commercial tenants and eight residential tenants, with commercial leases structured on either a month-to-month basis or with near-term expirations.
The offering includes 1493-1499 Potrero Avenue and 1458 San Bruno. The 1458 San Bruno parcel is in advanced entitlement stages for a potential project with over 225 new housing units, and the site may be delivered entitled at close of escrow. The properties may be acquired together as a portfolio or purchased separately.
The offering includes 1493-1499 Potrero Avenue and 1458 San Bruno. The 1458 San Bruno parcel is in advanced entitlement stages for a potential project with over 225 new housing units, and the site may be delivered entitled at close of escrow. The properties may be acquired together as a portfolio or purchased separately.
Key Highlights
- 38,870 SF mixed‑use portfolio on approximately 1.08 acres
- 100% leased to eighteen commercial and eight residential tenants
- Commercial leases include month‑to‑month terms and near‑term expirations
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
$787,118
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
6.56%
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%
$15,742,360
$15.7M
Cap Rate 7%
$11,244,543
$11.2M
Cap Rate 9%
$8,745,756
$8.7M
Market Conditions
NOI Build-Up for 38,870 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
$1.40M $36.00/SF
− Vacancy
−$139.9K −$3.60/SF
EGI
$1.26M $32.40/SF
− OpEx
−$472.3K −$12.15/SF
NOI
$787.1K $20.25/SF
Area
ZIP 94110
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$15,742,360
Cap Rate 7%
$11,244,543
Cap Rate 9%
$8,745,756
Alternative Uses
Best Use
Apartment 5plus
$17.17M
$15.02M – $20.03M
NOI $1,201,899 @ 7.0% cap · market cap 10.02%
Second Best
Mixed Use
$11.24M
$9.84M – $13.12M
NOI $787,118 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$189.86M
$166.13M – $221.51M
NOI $13,290,479 @ 7.0% cap · market cap 110.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied by a combination of commercial and residential tenants.
Where is this mixed-use property located?
The property is located at 1493-1499 Potrero Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 38,870 SF mixed‑use portfolio on approximately 1.08 acres; 100% leased to eighteen commercial and eight residential tenants; Commercial leases include month‑to‑month terms and near‑term expirations
