Marina District Commercial
For Sale
$450,000
1734 Lombard Street #A, San Francisco, CA 94123
Versatile commercial condo in a high-traffic Marina District location.
Property Size688 SF
Price / SF$654.07
Days on Market449
Property Features for 1734 Lombard Street #A
General Information
Standard status
Active
Size
688 SF
Building Details
Year Built
2005
Listing Agency:
KW ADVISORS
Listed By:
KAREN MAI
Source:
Corcoran
Added: May 21, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 KW ADVISORS
Investment Insights
Based on property information with market context.
Located in San Francisco's Marina District, this ground-level commercial condo offers a versatile 688 sq ft space suitable for owner-users or investors. Zoned NC-3, the property features a bright, glass-front storefront with a flexible layout. The interior includes one private room with a sink, a spacious storage closet, a multi-purpose flex room with a sink cabinet, and an ADA-compliant restroom. Previously a nail salon, the unit is suited for various businesses, including beauty salons, wellness professionals, insurance agencies, real estate offices, and financial services, as well as other retail or office uses. Situated on a busy street with high foot traffic, the property benefits from its proximity to restaurants, fitness studios, and health and beauty businesses. The location provides synergy and exposure. The property also features street frontage and signage opportunities.
Key Highlights
- Prime Marina District location offering high foot traffic and excellent street frontage.
- Versatile 688 sq ft commercial condo zoned NC‑3, suitable for various businesses or investment.
- Flexible layout including a private room with sink, storage closet, multi‑purpose flex room with sink cabinet, and ADA‑compliant restroom.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,060
$339.1K
Cap Rate 7%
$242,186
$242.2K
Cap Rate 9%
$188,367
$188.4K
Market Conditions
NOI Build-Up for 688 SF
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.
Gross rent
$30.3K $44.04/SF
− Vacancy
−$7.7K −$11.19/SF
EGI
$22.6K $32.85/SF
− OpEx
−$5.7K −$8.21/SF
NOI
$17.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,060
Cap Rate 7%
$242,186
Cap Rate 9%
$188,367
Alternative Uses
Best Use
Retail
$3.14M
$2.74M – $3.66M
NOI $219,559 @ 7.0% cap · market cap 48.79%
Second Best
Office B
$242.2K
$211.9K – $282.6K
NOI $16,953 @ 7.0% cap · market cap 3.77%
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.92M
NOI $235,242 @ 7.0% cap · market cap 52.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Office in San Francisco, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial condo in a high-traffic Marina District location.
Where is this retail space located?
The property is located at 1734 Lombard Street #A San Francisco, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime Marina District location offering high foot traffic and excellent street frontage.; Versatile 688 sq ft commercial condo zoned NC‑3, suitable for various businesses or investment.; Flexible layout including a private room with sink, storage closet, multi‑purpose flex room with sink cabinet, and ADA‑compliant restroom.
