Mixed-Use Property on High-Traffic
For Sale
$2,500,000
19th Avenue, San Francisco, CA 94112
Mixed-use property with retail, residential, and income potential.
Property Size3,140 SF
Lot Size0.05 Acres
Price / SF$796.18
Days on Market407
Property Features for 19th Avenue
General Information
Standard status
Active
Size
3,140 SF
Lot size
0.05 Acres
Property subtype
Commercial
Amenities
Attached Garage
Building Details
Year Built
1932
Listing Agency:
INTERO REAL ESTATE SERVICES
Listed By:
FADI RABADI
Source:
Corcoran
Added: Jul 28, 2025
Changed: Sep 2
Last Checked: Sep 7 at 7:39AM
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 INTERO REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This mixed-use property is located on the corner of 19th Avenue and Noriega. The building features a ground-level retail space, currently occupied by 19th Avenue Liquors. Additionally, there is a 3-bedroom, 2-bath flat with an ocean-view penthouse suite and rooftop access, which will be delivered vacant. A two-car enclosed garage will also be delivered vacant. The property includes a Clear Channel billboard, providing additional income. The property is zoned NC2 (Neighborhood Commercial, SmallScale), which allows for retail, service-oriented businesses, office space, and potential mixed-use residential development above the ground-floor commercial space. The property size is 3140 square feet.
Key Highlights
- Full‑floor ground‑level retail space, currently 19th Avenue Liquors.
- Spacious 3‑bedroom, 2‑bath flat with OCEAN‑VIEW penthouse suite and rooftop access, delivered vacant.
- High‑traffic, mixed‑use property at the corner of 19th Avenue and Noriega.
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
$114,568
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
4.58%
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%
$2,291,360
$2.3M
Cap Rate 7%
$1,636,686
$1.6M
Cap Rate 9%
$1,272,978
$1.3M
Market Conditions
NOI Build-Up for 3,140 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
$222.3K $70.80/SF
− Vacancy
−$14.0K −$4.46/SF
EGI
$208.3K $66.34/SF
− OpEx
−$93.7K −$29.85/SF
NOI
$114.6K $36.49/SF
Area
ZIP 94112
Vacancy
6.30%
Lease Rate
$70.80 /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%
$2,291,360
Cap Rate 7%
$1,636,686
Cap Rate 9%
$1,272,978
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,568 @ 7.0% cap · market cap 4.58%
Second Best
Mixed Use
$908.4K
$794.8K – $1.06M
NOI $63,585 @ 7.0% cap · market cap 2.54%
Theoretical Best
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,473 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 9%
76
Shops & Services
21,457 visits/mo
0.5 miles
Wells Fargo
Shops & Services
14,486 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,156 visits/mo
0.5 miles
7-Eleven
Shops & Services
7,398 visits/mo
0.4 miles
Peet's Coffee & Tea
Dining
7,211 visits/mo
0.4 miles
Demographics for 94112, CA
79,314
Population
24,530
Households
3.2
Avg Household Size
42
Median Age
36%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
24,035
Density / Sq Mi
$130,906
Median Household Income
$55,744
Median Earnings
$2,326
Median Rent
$1,159,600
Median Home Value
Market
Vacancy Rate% for Retail in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail, residential, and income potential.
Where is this mixed-use property located?
The property is located at 19th Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Full‑floor ground‑level retail space, currently 19th Avenue Liquors.; Spacious 3‑bedroom, 2‑bath flat with OCEAN‑VIEW penthouse suite and rooftop access, delivered vacant.; High‑traffic, mixed‑use property at the corner of 19th Avenue and Noriega.
