SOMA Freestanding Creative
For Sale
Contact for pricing
156 Gilbert Street, San Francisco, CA 94103
1,920 SF creative space in San Francisco's SOMA district.
Property Size1,920 SF
Price / SF$664.06
Days on Market159
Property Features for 156 Gilbert Street
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Office, Industrial
Zoning
SALI
Lease Type
Gross
Listing Agency:
Touchstone Commercial Partners
Listed By:
Zach Haupert · License #CA 01822907
(415) 539-1121
Source:
Crexi
Added: May 12
Changed: Oct 15
Last Checked: Oct 16 at 9:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,920 square foot creative freestanding building is located at 156 Gilbert Street in San Francisco's SOMA district. It offers a workspace with polished concrete floors and skylights. The layout is designed for creative office or collaborative use. The space includes a large conference room, private meeting rooms, a full kitchen, and lounge areas with custom finishes. The property is located near Interstate 280, Caltrain, and downtown San Francisco. It is suitable for an owner-user or investor. The property will be delivered fully vacant.
Key Highlights
- Rare, freestanding creative office building in San Francisco's SOMA district.
- Turnkey creative office environment ready for immediate occupancy.
- Delivered fully vacant, ideal for owner‑user or investor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,310
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,200
$946.2K
Cap Rate 7%
$675,857
$675.9K
Cap Rate 9%
$525,667
$525.7K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$84.6K $44.04/SF
− Vacancy
−$21.5K −$11.19/SF
EGI
$63.1K $32.85/SF
− OpEx
−$15.8K −$8.21/SF
NOI
$47.3K $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 Rate 5%
$946,200
Cap Rate 7%
$675,857
Cap Rate 9%
$525,667
Alternative Uses
Best Use
Office B
$675.9K
$591.4K – $788.5K
NOI $47,310 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.38M
$8.21M – $10.94M
NOI $656,489 @ 7.0% cap · market cap 51.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,524
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Creative space - 1,920 SF creative space in San Francisco's SOMA district.
Where is this creative space located?
The property is located at 156 Gilbert Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Rare, freestanding creative office building in San Francisco's SOMA district.; Turnkey creative office environment ready for immediate occupancy.; Delivered fully vacant, ideal for owner‑user or investor.
