Warehouse For Sale in San
For Sale
$2,095,000
1559 Howard Street, San Francisco, CA 94103
For-sale warehouse located on Howard Street in San Francisco, surrounded by Royal Motors.
Property Size3,000 SF
Price / SF$698.33
Days on Market68
Property Features for 1559 Howard Street
General Information
Standard status
Active
Size
3,000 SF
Amenities
12 to 18 Ft Ceilings, Manager's Office
Accessible Entrance, Accessible Doors
Building Details
Building Size
3,000 SF
Year Built
1924
Buildings
1
Stories
1
Listed By:
Steve Bach
(415) 751-6000
Source:
Evrealestate
Added: Jul 1
Changed: Sep 4
Last Checked: Sep 5 at 3:50AM
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 Steve Bach
Investment Insights
Based on property information with market context.
This for-sale warehouse is located at 1559 Howard Street in San Francisco. The property is situated in a setting described as being surrounded by Royal Motors, providing a defined commercial environment for the building.
The asset’s Howard Street location places it within an established San Francisco commercial area. For details on the building specifics, access, and layout, please contact the listing broker for additional information.
The asset’s Howard Street location places it within an established San Francisco commercial area. For details on the building specifics, access, and layout, please contact the listing broker for additional information.
Key Highlights
- For‑sale warehouse located on Howard Street in San Francisco
- Warehouse is surrounded by Royal Motors
- Year built: 1924
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
$61,965
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
2.96%
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%
$1,239,300
$1.2M
Cap Rate 7%
$885,214
$885.2K
Cap Rate 9%
$688,500
$688.5K
Market Conditions
NOI Build-Up for 3,000 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
$81.0K $27.00/SF
− Vacancy
−$8.1K −$2.70/SF
EGI
$72.9K $24.30/SF
− OpEx
−$10.9K −$3.65/SF
NOI
$62.0K $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 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%
$1,239,300
Cap Rate 7%
$885,214
Cap Rate 9%
$688,500
Alternative Uses
Best Use
Warehouse
$885.2K
$774.6K – $1.03M
NOI $61,965 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.65M
$12.82M – $17.10M
NOI $1,025,764 @ 7.0% cap · market cap 48.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,493
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse located on Howard Street in San Francisco, surrounded by Royal Motors.
Where is this warehouse located?
The property is located at 1559 Howard Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: For‑sale warehouse located on Howard Street in San Francisco; Warehouse is surrounded by Royal Motors; Year built: 1924
