Creative Space With
New
For Sale
$1,500,000
1645 Mission St, San Francisco, CA 94103
Single-story condominium with upgraded finishes, flexible entrances, and a transit-connected San Francisco location.
Property Size3,889 SF
Price / SF$385.70
Days on Market2
Property Features for 1645 Mission St
General Information
Standard status
Active
Size
3,889 SF
Net Rentable
3,889 SF
Property subtype
Office Vacant-User
Additional Details
Asking Price
$1,500,000
Public Transit
Yes
Office Units
1
Amenities
Second generation, fully improved office and/or retail space. High-end finishes and light fixtures.
Nearby Civic Center BART Station, multiple Muni bus and light rail lines - accessibility to all parts of the city.
Proximity to Interstate 80 and Highway 101 make it accessible to owner-operator staff and clientele/customer base.
Secure, covered parking available with monthly charge.
Opportunity for owner-users to occupy the ground floor office/retail space. SBA financing structures allow for as low as 10% down payment.
Building Details
Building Size
3,889 SF
Year Built
2002
Year Renovated
2017
Stories
1
Listing Agency:
Marcus & Millichap | San Francisco
(415) 625-2180
Listed By:
Quentin Caruso · License #License(s): CA: 02074286
(415) 625-2180
Source:
Marcusmillichap
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 3 at 7:59AM
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 Marcus & Millichap | San Francisco
Investment Insights
Based on property information with market context.
This single-story creative space condominium contains 3,889 rentable square feet, with a 750-square-foot mezzanine that expands the usable configuration above the 19-foot main-floor ceiling. The property was built in 2002 and renovated in 2017, with Italian marble finishes, motion-controlled Title 24 LED lighting, Hunter Douglas shades, hardwood flooring, and acoustic ceiling tiles. Three dedicated entrances from Mission Street support either a unified occupancy plan or separation into multiple suites. Secure covered parking is available for monthly rental.
The property is located at 1645 Mission St in San Francisco, at Van Ness and Mission Street. It is one block from the consolidated Permit Center and near hundreds of residential units that are approved, under construction, or recently delivered. Walk Score is 96, Bike Score is 99, and Transit Score is 100. The location is identified as part of the SoMa/Mission submarket.
The property is located at 1645 Mission St in San Francisco, at Van Ness and Mission Street. It is one block from the consolidated Permit Center and near hundreds of residential units that are approved, under construction, or recently delivered. Walk Score is 96, Bike Score is 99, and Transit Score is 100. The location is identified as part of the SoMa/Mission submarket.
Key Highlights
- 3,889 rentable square feet of creative space in a condominium format
- 750‑square‑foot mezzanine with hardwood flooring and acoustic ceiling tiles
- 19‑foot ceiling on the main floor
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 6.39%
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 88.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
16,256
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
Market
Vacancy Rate% for Office in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Single-story condominium with upgraded finishes, flexible entrances, and a transit-connected San Francisco location.
Where is this creative space located?
The property is located at 1645 Mission St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,889 rentable square feet of creative space in a condominium format; 750‑square‑foot mezzanine with hardwood flooring and acoustic ceiling tiles; 19‑foot ceiling on the main floor
