Multi-Tenant Mixed-Use
For Sale
Contact for pricing
154 Capp Street, San Francisco, CA 94110
Mixed-use commercial property with multiple tenant spaces.
Property Size31,211 SF
Price / SF$336.42
Days on Market22
Property Features for 154 Capp Street
General Information
Standard status
Active
Size
31,211 SF
Property subtype
Office, Mixed Use
Net Operating Income
$879,917
Building Details
Tenancy
Multi
Listing Agency:
Touchstone Commercial Partners
Listed By:
Zach Haupert · License #CA 01822907
(415) 539-1121
Source:
Crexi
Added: Aug 12
Changed: Sep 1
Last Checked: Sep 1 at 8:36PM
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 Touchstone Commercial Partners
Investment Insights
Based on property information with market context.
Located at 154 Capp Street in San Francisco, this mixed-use property contains 31,211 square feet and is configured for multiple tenants. The asset is offered for sale as a multi-tenant commercial property in ZIP Code 94110.
Key Highlights
- 31,211 square feet of mixed‑use commercial space
- Multi‑tenant property configuration
- 154 Capp Street, SF, CA 94110
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
$632,023
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
6.02%
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%
$12,640,460
$12.6M
Cap Rate 7%
$9,028,900
$9.0M
Cap Rate 9%
$7,022,478
$7.0M
Market Conditions
NOI Build-Up for 31,211 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
$1.12M $36.00/SF
− Vacancy
−$112.4K −$3.60/SF
EGI
$1.01M $32.40/SF
− OpEx
−$379.2K −$12.15/SF
NOI
$632.0K $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%
$12,640,460
Cap Rate 7%
$9,028,900
Cap Rate 9%
$7,022,478
Alternative Uses
Best Use
Mixed Use
$9.03M
$7.90M – $10.53M
NOI $632,023 @ 7.0% cap · market cap 6.02%
Second Best
Office B
$9.01M
$7.88M – $10.51M
NOI $630,747 @ 7.0% cap · market cap 6.01%
Theoretical Best
Specialty Retail
$152.45M
$133.40M – $177.86M
NOI $10,671,704 @ 7.0% cap · market cap 101.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,163
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
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?
Mixed-use property - Mixed-use commercial property with multiple tenant spaces.
Where is this mixed-use property located?
The property is located at 154 Capp Street San Francisco, CA.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 31,211 square feet of mixed‑use commercial space; Multi‑tenant property configuration; 154 Capp Street, SF, CA 94110
