2-Unit Storefront
1611 Palou Avenue, San Francisco, CA 94124
For Sale
$699,000
Two occupied retail spaces have month-to-month leases and NC3 zoning.
Property Size1,875 SF
Price / SF$372.80
Days on Market135
Property Features for 1611 Palou Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
BellStreet Inc.
Listed By:
Amit Urban · License CA #01998926
(650) 282-0477
Source:
Eminentvalley
Added: Jun 28
Changed: Nov 9
Last Checked: Nov 7 at 1:00AM
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 BellStreet Inc.
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Investment Insights
Based on property information with market context.
This two-unit storefront property contains 1,875 square feet and dates to 1953. The spaces are occupied by a café and a barber shop, each on a month-to-month lease. Storefronts have been updated, and the property is zoned NC3.
At 1609-1611 Palou Avenue in San Francisco’s Bayview District, the property is near the 3rd Street transit corridor.
At 1609-1611 Palou Avenue in San Francisco’s Bayview District, the property is near the 3rd Street transit corridor.
Key Highlights
- 1,875‑square‑foot storefront property built in 1953
- Two retail units occupied by a café and a barber shop
- Both tenant leases are month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,881
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,620
$957.6K
Cap Rate 7%
$684,014
$684.0K
Cap Rate 9%
$532,011
$532.0K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$71.8K $38.28/SF
− Vacancy
−$3.4K −$1.80/SF
EGI
$68.4K $36.48/SF
− OpEx
−$20.5K −$10.94/SF
NOI
$47.9K $25.54/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,620
Cap Rate 7%
$684,014
Cap Rate 9%
$532,011
Alternative Uses
Best Use
Retail
$684.0K
$598.5K – $798.0K
NOI $47,881 @ 7.0% cap · market cap 6.85%
Second Best
Specialty Retail
$574.4K
$502.6K – $670.1K
NOI $40,205 @ 7.0% cap · market cap 5.75%
Theoretical Best
Multifamily LT 5
$952.0K
$833.0K – $1.11M
NOI $66,637 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,142
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 66%
Dining 26%
Shops & Services 4%
Electronics 3%
Foods Co
Groceries
38,212 visits/mo
0.5 miles
McDonald's
Dining
14,759 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
2,127 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,665 visits/mo
0.1 miles
Ewing Outdoor Supply
Apparel
890 visits/mo
0.4 miles
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
$1,043,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in San Francisco, CA
Properties on Market for Storefront properties in San Francisco
Vacancy Rate% for Retail in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Storefront property - Two occupied retail spaces have month-to-month leases and NC3 zoning.
Where is this storefront property located?
The property is located at 1611 Palou Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,875‑square‑foot storefront property built in 1953; Two retail units occupied by a café and a barber shop; Both tenant leases are month‑to‑month
