Functional Office Condo with
203 Willow St, San Francisco, CA 94109
Call to check price and availability
Fifth-floor office condo in prime location with city views.
Type:Office
Property size:
1,230 SFPrice / SF:
$486/SF- Added:
- Mar 3, 2026
- Days on Market:
- 74
- Last Refresh:
- Mar 16 at 2:17 pm
Property Features for 203 Willow St
General Information
- Standard status
- Active
- Size
- 1,230 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing agent Helen Yong License #01772827
Listing office eXp Commercial of California Inc. (650) 271-2308
Listing date Mar 3, 2026
Source Crexi
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 eXp Commercial of California Inc.
HighLights
- Prime Van Ness Avenue location with expansive city views.
- Highly functional workspace suitable for various professional uses (office, medical, therapy).
- Flexible layout with four private rooms and reception area, easily reconfigurable.
- Abundant natural light in three offices with large windows overlooking Van Ness Avenue.
- Secure building with keycard access, surveillance cameras, and professionally maintained restrooms on each floor.
- Excellent access to public transportation (SFMTA, bike lanes, BART) and proximity to Downtown San Francisco.
Overview
This fifth-floor office condo provides a functional workspace in a prime location with expansive city views. The suite is well-suited for professional services, medical or therapy use, or a collaborative office environment, and includes a reception area and four private rooms. Three offices feature large windows that provide abundant natural light and views. The fourth interior room offers a quiet, windowless space suitable for a conference room, storage, or focused work area. The flexible layout allows for easy reconfiguration to accommodate a variety of business needs. The building provides secure keycard access to both the main entrance and elevator during and after standard business hours, along with surveillance cameras on each floor. Restrooms are conveniently located on every level and are professionally maintained by the building association. Reserved parking may be available for an additional monthly fee, subject to limited availability. Ideally located just minutes from Downtown San Francisco, the property is surrounded by dining options, cafes, and essential services. Excellent access to public transportation, including SFMTA bus and light rail lines, bike lanes, and nearby BART connections to the East Bay, makes commuting convenient for employees and clients alike. The property size is 1230 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$336.8K
NOI $30,308 @ 9.00% cap · cautious / downside scenario
Moderate
$433.0K
NOI $30,308 @ 7.00% cap · market / base-case scenario
Aggressive
$606.2K
NOI $30,308 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.2k | $44.04 |
| − Vacancy | −$13.8k | −$11.19 |
| EGI | $40.4k | $32.85 |
| − OpEx | −$10.1k | −$8.21 |
| NOI | $30.3k | $24.64 |
1,230 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$433.0K
$378.9K – $505.1K
NOI $30,308 @ 7.0% cap · market cap 5.06%
Second Best
Healthcare Medical
$291.0K
$254.6K – $339.5K
NOI $20,369 @ 7.0% cap · market cap 3.40%
Theoretical Best
Retail
$5.61M
$4.91M – $6.54M
NOI $392,526 @ 7.0% cap · market cap 65.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Union Street Medspa: ...
Spa & Massage Center
Willow Surgery Center
Physician
Podiatry Plan
Physician
Clinical Training & Research
Medical Clinic
Solas Architecture, Inc.
Interior Designer
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.421282
- Latitude
- 37.783154
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FAQs
What type of property is this?
Office units - Fifth-floor office condo in prime location with city views.
Where is this office units located?
The property is located at 203 Willow St San Francisco, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime Van Ness Avenue location with expansive city views.; Highly functional workspace suitable for various professional uses (office, medical, therapy).; Flexible layout with **four private rooms and reception area**, easily reconfigurable.
