Light Industrial Condominium with
For Sale
Contact for pricing
1555 Yosemite Avenue, San Francisco, CA 94124
Turnkey unit with finished office, kitchenette, warehouse space, 16-foot ceilings, and a 10-foot roll-up door.
Property Size1,592 SF
Price / SF$499.37
Days on Market59
Property Features for 1555 Yosemite Avenue
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Industrial
Zoning
PDR-2
Building Details
Year Built
1987
Tenancy
Single
Listing Agency:
Compass San Francisco
(415) 345-3000
Listed By:
Davis Nguyen · License #CA 01509978
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Aug 29 at 7:18AM
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 Compass San Francisco
Investment Insights
Based on property information with market context.
1555 Yosemite Avenue, Unit #27 is a 1,592-square-foot light industrial condominium within the Yosemite Business Center, a well-maintained 60-unit commercial complex. The space combines finished office area and a kitchenette with an open warehouse component featuring 16-foot ceilings. A 10-foot roll-up door supports convenient drive-in loading, and additional loft storage is accessed via ladder.
The unit benefits from assigned parking directly in front of the building, along with generous visitor parking. The lot is fully gated and secure, and the property is professionally managed. Monthly HOA dues of $380 cover exterior building maintenance, management, and water. The location provides quick access to 3rd Street, described as the district’s primary retail hub, with nearby connections to Highway 101 and Interstate 280.
This configuration is well suited to light industrial, warehousing, and service-based businesses looking for a secure, operationally practical space that includes both workplace and loading-ready warehouse area. With onsite management and gated access, the unit is positioned for tenants that need an efficient balance of office support and functional storage and distribution space.
The unit benefits from assigned parking directly in front of the building, along with generous visitor parking. The lot is fully gated and secure, and the property is professionally managed. Monthly HOA dues of $380 cover exterior building maintenance, management, and water. The location provides quick access to 3rd Street, described as the district’s primary retail hub, with nearby connections to Highway 101 and Interstate 280.
This configuration is well suited to light industrial, warehousing, and service-based businesses looking for a secure, operationally practical space that includes both workplace and loading-ready warehouse area. With onsite management and gated access, the unit is positioned for tenants that need an efficient balance of office support and functional storage and distribution space.
Key Highlights
- 1,592 SF light industrial condominium in the Yosemite Business Center, a 60‑unit commercial complex in San Francisco’s Bayview district
- Flexible layout with finished office space and kitchenette, plus open warehouse area with 16‑foot ceilings
- Warehouse includes a 10‑foot roll‑up door for convenient drive‑in loading
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
$39,227
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
4.93%
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%
$784,540
$784.5K
Cap Rate 7%
$560,386
$560.4K
Cap Rate 9%
$435,856
$435.9K
Market Conditions
NOI Build-Up for 1,592 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
$70.1K $44.04/SF
− Vacancy
−$17.8K −$11.19/SF
EGI
$52.3K $32.85/SF
− OpEx
−$13.1K −$8.21/SF
NOI
$39.2K $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%
$784,540
Cap Rate 7%
$560,386
Cap Rate 9%
$435,856
Alternative Uses
Best Use
Office B
$560.4K
$490.3K – $653.8K
NOI $39,227 @ 7.0% cap · market cap 4.93%
Second Best
Warehouse
$469.8K
$411.0K – $548.1K
NOI $32,883 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$7.78M
$6.80M – $9.07M
NOI $544,339 @ 7.0% cap · market cap 68.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,744
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
Market
Vacancy Rate% for Office in San Francisco, CA
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- Kawashima's Kitchen — 5800 3rd St c1001, San Francisco, CA 94124
Frequently Asked Questions
What type of property is this?
Flex space - Turnkey unit with finished office, kitchenette, warehouse space, 16-foot ceilings, and a 10-foot roll-up door.
Where is this flex space located?
The property is located at 1555 Yosemite Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1,592 SF light industrial condominium in the Yosemite Business Center, a 60‑unit commercial complex in San Francisco’s Bayview district; Flexible layout with finished office space and kitchenette, plus open warehouse area with 16‑foot ceilings; Warehouse includes a 10‑foot roll‑up door for convenient drive‑in loading
