Glen Park Mixed-Use
For Sale
$1,350,000
19 Joost AVE, San Francisco, CA 94131
Mixed-use building in Glen Park with commercial and residential units.
Property Size3,510 SF
Lot Size0.04 Acres
Price / SF$384.62
Days on Market163
Property Features for 19 Joost AVE
General Information
Standard status
Active
Size
3,510 SF
Lot size
0.04 Acres
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$17,054
Building Details
Building Size
3,510 SF
Year Built
1900
Listing Agency:
Compass
(408) 373-6195
Listed By:
Ismael Benhamida · License #01722847
(408) 373-6195
Source:
Mpireluxe
Added: Mar 22
Changed: Aug 23
Last Checked: Aug 30 at 10:53PM
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 Compass
Investment Insights
Based on property information with market context.
Located in the Glen Park neighborhood, 19 Joost Avenue is a mixed-use building offering a combination of income potential and owner-user opportunities. The property, situated one block from Glen Park Village and BART, consists of approximately 3,510 square feet on a 1,589 square foot lot. The residential component includes two units: a one-bedroom, two-bathroom unit and a two-bedroom, one-bathroom unit, both with private balconies and producing income. The ground-floor commercial space is currently vacant, providing flexibility for various uses. The NC-2 zoning allows for neighborhood-serving retail, office, or service uses. This space presents an opportunity for investors to lease at market rent or for owner-users to operate a business while offsetting costs with residential income. The property benefits from its location in a transit hub with access to I-280 and Highway 101, surrounded by residential properties and retail businesses. Glen Park offers lifestyle appeal, cash flow, appreciation potential, and adaptability.
Key Highlights
- Prime Glen Park location: One block from Glen Park Village and BART, surrounded by multi‑million dollar homes.
- Vacant commercial space: Offers immediate owner‑user optionality or significant rental upside.
- Mixed‑use property: Combines stable residential income with commercial potential.
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
$113,959
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
8.44%
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%
$2,279,180
$2.3M
Cap Rate 7%
$1,627,986
$1.6M
Cap Rate 9%
$1,266,211
$1.3M
Market Conditions
NOI Build-Up for 3,510 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
$221.1K $63.00/SF
− Vacancy
−$13.9K −$3.97/SF
EGI
$207.2K $59.03/SF
− OpEx
−$93.2K −$26.56/SF
NOI
$114.0K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
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%
$2,279,180
Cap Rate 7%
$1,627,986
Cap Rate 9%
$1,266,211
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.42M – $1.90M
NOI $113,959 @ 7.0% cap · market cap 8.44%
Second Best
Mixed Use
$1.12M
$979.0K – $1.31M
NOI $78,317 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$17.14M
$15.00M – $20.00M
NOI $1,200,144 @ 7.0% cap · market cap 88.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 94131, CA
28,810
Population
13,755
Households
2.1
Avg Household Size
41
Median Age
78%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
14,405
Density / Sq Mi
$198,779
Median Household Income
$119,053
Median Earnings
$2,971
Median Rent
$1,749,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in Glen Park with commercial and residential units.
Where is this mixed-use property located?
The property is located at 19 Joost AVE San Francisco, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime Glen Park location: One block from Glen Park Village and BART, surrounded by multi‑million dollar homes.; Vacant commercial space: Offers immediate owner‑user optionality or significant rental upside.; Mixed‑use property: Combines stable residential income with commercial potential.
