Modern Office Condo with
1645 Mission Street San Francisco, CA 94103
1645 Mission Street, San Francisco, CA, 94103
$1,468,000
For Sale
$1,468,000
Modern office condo offering 19-ft ceilings, multiple entrances, and a 750-sf mezzanine with hardwood flooring.
Property Size3,889 SF
Price / SF$377.47
Days on Market475
Property Features for 1645 Mission Street
General Information
- Standard status
- Active
- Size
- 3,889 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
(415) 404-1814
Listed by
Corcoran Icon Properties
(415) 404-1814
Source
Xome
Added: Apr 4, 2025 Updated: Jul 22 at 9:16AM Checked: Apr 24 at 7:54AM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
This modern office condo spans approximately 3,889 square feet and includes a 750-square-foot mezzanine level with a staircase, hardwood flooring, and acoustic ceiling tiles. The space features high-end finishes, 19-foot ceilings, and multiple entrances, supporting a flexible layout for office and creative or design-focused use.
The property is located in San Francisco’s Hub District at 1645–1649 Mission Street, positioned about one block from the new Permit Center and surrounded by thousands of new residences. The building also offers gated on-site parking. Transit access is highlighted with a Walk Score of 96 and a Transit Score of 100.
For sale as a condo, this configuration can be appealing to owner-users or investors seeking a long-term hold, with the mezzanine contributing additional usable space beyond the main office area.
The property is located in San Francisco’s Hub District at 1645–1649 Mission Street, positioned about one block from the new Permit Center and surrounded by thousands of new residences. The building also offers gated on-site parking. Transit access is highlighted with a Walk Score of 96 and a Transit Score of 100.
For sale as a condo, this configuration can be appealing to owner-users or investors seeking a long-term hold, with the mezzanine contributing additional usable space beyond the main office area.
Key Highlights
- +/- 3,889 SF modern office condo at 1645‑1649 Mission St with 19‑ft ceilings
- 750 SF mezzanine level with hardwood flooring and acoustic ceiling tiles
- Central air cooling with marble and wood flooring
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 | $171.3k | $44.04 |
| − Vacancy | −$43.5k | −$11.19 |
| EGI | $127.8k | $32.85 |
| − OpEx | −$31.9k | −$8.21 |
| NOI | $95.8k | $24.64 |
3,889 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,826 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.00M
$16.62M – $22.16M
NOI $1,329,732 @ 7.0% cap · market cap 90.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Modern office condo offering 19-ft ceilings, multiple entrances, and a 750-sf mezzanine with hardwood flooring.
Where is this office units located?
The property is located at 1645 Mission Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,468,000.
What are key features of this property?
This property features: +/- 3,889 SF modern office condo at 1645‑1649 Mission St with 19‑ft ceilings; 750 SF mezzanine level with hardwood flooring and acoustic ceiling tiles; Central air cooling with marble and wood flooring
