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    San Francisco Warehouse Value-Add Opportunity Title is generated by Realmo AI

    2025-2027 Newcomb Avenue, San Francisco, CA 94124

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    42,497 SF warehouse in San Francisco's industrial market.

    Property size:
    42,497 SF
    Added:
    Jan 27, 2026
    Days on Market:
    127
    Last Refresh:
    Nov 21 at 5:32 am

    Property Features for 2025-2027 Newcomb Avenue

    General Information

    Standard status
    Active
    Size
    42,497 SF

    We can help!

    Listing Contact
    James Martinez

    Listing agent James Martinez License #01976773

    Listing office KELLER WILLIAMS REALTY

    Listing date Jan 27, 2026

    Source Nmrk

    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 KELLER WILLIAMS REALTY

    HighLights

    • Prime Location: Situated in the heart of San Francisco's industrial market (India Basin submarket) with immediate access to Highway 101 and 280, offering exceptional connectivity.
    • Value‑Add Opportunity: 30,082 SF of vacant space allows for immediate cash flow increase.
    • Secure Income Stream: 25% of the property is leased to the City of San Francisco (Moody's rating Aaa), providing a secure income stream.
    • Functional Warehouse Space: Features 4 dock‑high (7 truck capacity) and 2 grade‑level doors.
    • Strong Market Fundamentals: Located in one of the tightest industrial markets in the country with low vacancy.
    • Power Upgrade Approved: Fully approved and permitted power upgrade, increasing power capacity to 2,500 amps.

    Overview

    Located in the heart of San Francisco’s industrial market, the property at 2025-2027 Newcomb Avenue is a 42,497 SF warehouse. The property faces three streets, Oakdale, Rankin, and Newcomb. The building features 4 dock-high (7 Truck Capacity) and 2 grade-level doors. The available space of 30,082 rentable square feet will be delivered vacant, offering the opportunity to increase cash flow by leasing the vacancy or for owner-users to acquire a functional warehouse building in a prime location. Currently, 25% of the project is leased to the City of San Francisco as a materials testing lab. The City of San Francisco has a Moody’s rating of Aaa. The property is well-positioned in the India Basin submarket, with access to Highway 101 and 280 on-ramps and off-ramps, providing connectivity to Downtown San Francisco, SFO (San Francisco International Airport), and Silicone Valley. It is proximate to approximately 1.3 million consumers within a 10-mile radius. As of Q3 2024, the vacancy rate stood at 7.4%. Since 2016, the submarket has demonstrated steady rent growth, averaging 3.8% annually. Power capacity can be increased to 2,500 amps.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Access - Scanning, Records Storage, and Document Management — 1900 Oakdale Ave, San Francisco, CA 94124
    • Self Storage — 2640 Newhall St, San Francisco, CA 94124
    • Marve Storage Units — 2480 San Bruno Ave, San Francisco, CA 94134
    • Saaganb Moving Storage — 1661 Yosemite Ave, San Francisco, CA 94124
    • Extra Space Storage — 1700 Egbert Ave, San Francisco, CA 94124

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.398
    Latitude
    37.7398

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    FAQs

    What type of property is this?
    Warehouse - 42,497 SF warehouse in San Francisco's industrial market.
    Where is this warehouse located?
    The property is located at 2025-2027 Newcomb Avenue San Francisco, CA.
    What are key features of this property?
    This property features: Prime Location: Situated in the heart of San Francisco's industrial market (India Basin submarket) with immediate access to Highway 101 and 280, offering exceptional connectivity.; Value‑Add Opportunity: 30,082 SF of vacant space allows for immediate cash flow increase.; Secure Income Stream: 25% of the property is leased to the City of San Francisco (Moody's rating Aaa), providing a secure income stream.
    (909) 478-2967
    We can help!
    Listing Contact
    James Martinez
    Real Estate License ID: 01976773
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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