Industrial Flex Building with
For Sale
$1,749,000
2014 Oakdale Avenue, San Francisco, CA 94124
PDR-1-B zoning supports builder, light manufacturing, design, and artist-oriented operations.
Property Size4,860 SF
Price / SF$359.88
Days on Market172
Property Features for 2014 Oakdale Avenue
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Commercial
Amenities
Central air
Sidewalk
Accessible Bathroom(s)
Carpet Flooring
Concrete Flooring
Concrete Slab Flooring
Curbs/Gutters
Evaporative Cooling
Flat Roof
Freeway Nearby
Industrial Area
Light Rail Nearby
Low Maintenance
Near Public Transit
Neighborhood
Tar/Gravel Roof
Tile Flooring
Warehouse
Building Details
Year Built
1989
Listing Agency:
COMPASS COMMERCIAL
(415) 345-3000
Listed By:
GUY CARSON JR. · License #01926878
Source:
Corcoran
Added: Mar 13
Changed: Aug 30
Last Checked: Jun 19 at 3:29AM
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.
This 4,860-square-foot industrial flex building was constructed in 1989 and is currently configured as a photography studio. The main room offers 21-foot ceilings, while a 12-foot roll-up door supports loading access. An upstairs 1,200-square-foot studio operates independently with a private entrance and bathroom. The property also includes central heating, 400-amp three-phase electrical service, and full sprinkler coverage.
The building is positioned in San Francisco’s manufacturing and light production district, with access to downtown and the East and South Bays through nearby connections to I-280 and U.S. 101, as well as 3rd Street. Zoning is PDR-1-B, with the property described as suitable for builders, light manufacturers, designers, and artists. The upstairs unit is occupied by a long-term commercial tenant on a month-to-month basis.
The building is positioned in San Francisco’s manufacturing and light production district, with access to downtown and the East and South Bays through nearby connections to I-280 and U.S. 101, as well as 3rd Street. Zoning is PDR-1-B, with the property described as suitable for builders, light manufacturers, designers, and artists. The upstairs unit is occupied by a long-term commercial tenant on a month-to-month basis.
Key Highlights
- 4,860‑square‑foot industrial flex building constructed in 1989
- 21‑foot ceilings in the main room with a 12‑foot roll‑up loading door
- Independent 1,200‑square‑foot upstairs studio with private entrance and bathroom
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
$119,752
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
6.85%
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%
$2,395,040
$2.4M
Cap Rate 7%
$1,710,743
$1.7M
Cap Rate 9%
$1,330,578
$1.3M
Market Conditions
NOI Build-Up for 4,860 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
$214.0K $44.04/SF
− Vacancy
−$54.4K −$11.19/SF
EGI
$159.7K $32.85/SF
− OpEx
−$39.9K −$8.21/SF
NOI
$119.8K $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%
$2,395,040
Cap Rate 7%
$1,710,743
Cap Rate 9%
$1,330,578
Alternative Uses
Best Use
Office B
$1.71M
$1.50M – $2.00M
NOI $119,752 @ 7.0% cap · market cap 6.85%
Second Best
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,383 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$23.74M
$20.77M – $27.70M
NOI $1,661,737 @ 7.0% cap · market cap 95.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,104
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
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?
Flex space - PDR-1-B zoning supports builder, light manufacturing, design, and artist-oriented operations.
Where is this flex space located?
The property is located at 2014 Oakdale Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 4,860‑square‑foot industrial flex building constructed in 1989; 21‑foot ceilings in the main room with a 12‑foot roll‑up loading door; Independent 1,200‑square‑foot upstairs studio with private entrance and bathroom
