SOMA Freestanding Creative
156 Gilbert Street San Francisco, CA 94103
156 Gilbert Street, San Francisco, CA, 94103
Contact for pricing
For Sale
Contact for pricing
1,920 SF creative space in San Francisco's SOMA district.
Property Size1,920 SF
Price / SF$664.06
Days on Market67
Property Features for 156 Gilbert Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Office, Industrial
Listing Agency
Touchstone Commercial Partners
(415) 539-1121
Listed by
Zach Haupert · License #CA 01822907
Source
Crexi
Added: May 12 Checked: Jul 16 at 6:29 am
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.
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.6k | $44.04 |
| − Vacancy | −$21.5k | −$11.19 |
| EGI | $63.1k | $32.85 |
| − OpEx | −$15.8k | −$8.21 |
| NOI | $47.3k | $24.64 |
1,920 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apozy
Corporate Office
Similar For Sale Nearby
FAQs
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.
