Two-Story Mixed-Use
New
For Sale
$1,095,000
200 Ocean Avenue, San Francisco, CA 94112
Ground-floor neighborhood retail space is paired with an upper-level residential unit in an established Ocean Avenue corridor.
Property Size2,000 SF
Lot Size0.03 Acres
Price / SF$547.50
Days on Market5
Property Features for 200 Ocean Avenue
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.03 Acres
Property subtype
Retail
Zoning
NC-1
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Building Details
Building Size
2,000 SF
Year Built
1916
Buildings
1
Stories
2
Listing Agency:
Compass Commercial
Listed By:
Steven C Gerry · License #01926878
(415) 345-3000
Source:
Elevationrealestate
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 21 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 Compass Commercial
Investment Insights
Based on property information with market context.
Located at 200-208 Ocean Avenue, this two-story mixed-use property combines a neighborhood-oriented commercial space on the ground level with a residential unit above. The building contains approximately 2,000 square feet on an approximately 1,493-square-foot parcel and was constructed in 1916. NC-1 zoning supports its mixed-use configuration.
The property occupies a visible position along San Francisco’s Ocean Avenue corridor, near Mission Terrace, Ingleside, and Balboa Park. Its setting includes surrounding residential areas, neighborhood services, public transportation, and access to major local thoroughfares. The ground-floor space has a longstanding history of retail use, while the upper level adds a complementary residential component within the same building.
The property occupies a visible position along San Francisco’s Ocean Avenue corridor, near Mission Terrace, Ingleside, and Balboa Park. Its setting includes surrounding residential areas, neighborhood services, public transportation, and access to major local thoroughfares. The ground-floor space has a longstanding history of retail use, while the upper level adds a complementary residential component within the same building.
Key Highlights
- Approximately 2,000 SF building on an approximately 1,493‑square‑foot parcel
- Two‑story layout with ground‑floor commercial space and an upper‑level residential unit
- Constructed in 1916
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
$72,974
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
6.66%
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%
$1,459,480
$1.5M
Cap Rate 7%
$1,042,486
$1.0M
Cap Rate 9%
$810,822
$810.8K
Market Conditions
NOI Build-Up for 2,000 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
$141.6K $70.80/SF
− Vacancy
−$8.9K −$4.46/SF
EGI
$132.7K $66.34/SF
− OpEx
−$59.7K −$29.85/SF
NOI
$73.0K $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%
$1,459,480
Cap Rate 7%
$1,042,486
Cap Rate 9%
$810,822
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$912.2K – $1.22M
NOI $72,974 @ 7.0% cap · market cap 6.66%
Second Best
Mixed Use
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 3.70%
Theoretical Best
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,556 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,943
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 36%
Dining 15%
Electronics 5%
Safeway
Groceries
50,358 visits/mo
0.3 miles
Wells Fargo
Shops & Services
12,652 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
11,859 visits/mo
0.5 miles
Shell
Shops & Services
9,551 visits/mo
0.4 miles
76
Shops & Services
9,039 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor neighborhood retail space is paired with an upper-level residential unit in an established Ocean Avenue corridor.
Where is this mixed-use property located?
The property is located at 200 Ocean Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Approximately 2,000 SF building on an approximately 1,493‑square‑foot parcel; Two‑story layout with ground‑floor commercial space and an upper‑level residential unit; Constructed in 1916
