Second-Floor Office
202-2323 Noriega St San Francisco, CA 94122
202-2323 Noriega St, San Francisco, CA, 94122
$325,000
For Sale
$325,000
For sale second-floor office suite offering 465 SF of professional workspace.
Property Size465 SF
Price / SF$698.92
Days on Market133
Property Features for 202-2323 Noriega St
General Information
- Standard status
- Active
- Size
- 465 SF
Listing agency
Compass Commercial
(415) 278-7838
Listed by
Brian Leung
(415) 278-7838
Source
Exprealty
Added: Mar 12 Updated: Jul 22 at 7:48AM Checked: Jul 22 at 7:48AM
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 for-sale second-floor office suite offers 465 SF of workspace within a multi-unit commercial setting. The suite configuration is designed for professional use, providing an opportunity to establish or expand an office presence on an upper level.
Located at 202–2323 Noriega St in San Francisco’s Central Sunset area, the property is positioned within a longstanding neighborhood retail and services corridor. The offering includes signage visibility and convenient transit access as described in the available remarks.
As presented, the suite’s practical value is tied to its compact second-floor layout and its fit for a business seeking an ownership option in a stable, established commercial district.
Located at 202–2323 Noriega St in San Francisco’s Central Sunset area, the property is positioned within a longstanding neighborhood retail and services corridor. The offering includes signage visibility and convenient transit access as described in the available remarks.
As presented, the suite’s practical value is tied to its compact second-floor layout and its fit for a business seeking an ownership option in a stable, established commercial district.
Key Highlights
- Second‑floor office suite for sale with 465 SF of professional workspace
- Located in San Francisco’s Central Sunset district
- Convenient transit access
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.4k | $35.28 |
| − Vacancy | −$4.2k | −$8.96 |
| EGI | $12.2k | $26.32 |
| − OpEx | −$3.1k | −$6.58 |
| NOI | $9.2k | $19.74 |
465 SF · lease $35.28/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$223.0K
$195.1K – $260.1K
NOI $15,608 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - For sale second-floor office suite offering 465 SF of professional workspace.
Where is this office units located?
The property is located at 202-2323 Noriega St San Francisco, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Second‑floor office suite for sale with 465 SF of professional workspace; Located in San Francisco’s Central Sunset district; Convenient transit access
