Condominium Medical and Retail
For Sale
Contact for pricing
15 Teresita Blvd, San Francisco, CA 94127
Four commercial condominium units with metered front parking, including a vacant furnished dental office and two long-term tenants.
Property Size5,353 SF
Price / SF$737.90
Days on Market277
Property Features for 15 Teresita Blvd
General Information
Standard status
Active
Size
5,353 SF
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
Maven Properties | San Francisco
(415) 781-7700
Listed By:
Dominic Morbidelli · License #02024348
(510) 504-6432
Source:
Moodyscre
Added: Dec 12, 2025
Changed: Sep 2
Last Checked: Sep 15 at 9:20AM
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 Maven Properties | San Francisco
Investment Insights
Based on property information with market context.
This condominium property contains four commercial units. The offering includes a vacant, fully furnished dental office space that was previously owner-occupied, and there are two stable, long-term tenants in place. The total building size is 5,353 square feet.
The property is located at 15 Teresita Blvd in San Francisco, CA 94127, with metered parking available in front. The current mix supports a range of uses, including medical, retail, or professional office applications, based on the space configuration and existing tenancies.
The property is located at 15 Teresita Blvd in San Francisco, CA 94127, with metered parking available in front. The current mix supports a range of uses, including medical, retail, or professional office applications, based on the space configuration and existing tenancies.
Key Highlights
- Four commercial spaces in one condominium
- Vacant furnished dental office previously owner‑occupied
- Two stable, long‑term tenants
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
$131,900
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
3.34%
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%
$2,638,000
$2.6M
Cap Rate 7%
$1,884,286
$1.9M
Cap Rate 9%
$1,465,556
$1.5M
Market Conditions
NOI Build-Up for 5,353 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
$235.7K $44.04/SF
− Vacancy
−$59.9K −$11.19/SF
EGI
$175.9K $32.85/SF
− OpEx
−$44.0K −$8.21/SF
NOI
$131.9K $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 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%
$2,638,000
Cap Rate 7%
$1,884,286
Cap Rate 9%
$1,465,556
Alternative Uses
Best Use
Retail
$24.40M
$21.35M – $28.47M
NOI $1,708,284 @ 7.0% cap · market cap 43.25%
Second Best
Office B
$1.88M
$1.65M – $2.20M
NOI $131,900 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$26.15M
$22.88M – $30.51M
NOI $1,830,304 @ 7.0% cap · market cap 46.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94127, CA
20,686
Population
7,895
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
10,887
Density / Sq Mi
$205,429
Median Household Income
$101,511
Median Earnings
$3,501
Median Rent
$1,897,700
Median Home Value
Market
Vacancy Rate% for Office in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four commercial condominium units with metered front parking, including a vacant furnished dental office and two long-term tenants.
Where is this medical office space located?
The property is located at 15 Teresita Blvd San Francisco, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Four commercial spaces in one condominium; Vacant furnished dental office previously owner‑occupied; Two stable, long‑term tenants
