Mixed-Use Apartment
New
For Sale
$1,950,000
212 Jules Avenue, San Francisco, CA 94112
Eight residential units accompany a separate commercial space currently used for storage.
Property Size5,415 SF
Price / SF$360.11
Days on Market5
Property Features for 212 Jules Avenue
General Information
Standard status
Active
Size
5,415 SF
Property subtype
Mixed Use
Building Details
Building Size
5,415 SF
Year Built
1926
Listing Agency:
Compass Commercial
Listed By:
Adam D Filly · License #01354775
(415) 516-9843
Source:
Gregglynn
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 6:27PM
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.
Built in 1926, this mixed-use property contains eight apartments—five studios and two one-bedroom units—alongside a commercial space currently used for storage. The building measures approximately 5,415 square feet and includes a four-car garage. Improvements include a completed soft-story seismic retrofit, a fire alarm panel, and sleep alarms. Gas and electricity are separately metered for the building’s units.
The property is in Ingleside, near shops, restaurants, cafes, grocery stores, and public transportation on Ocean Avenue. City College of San Francisco is nearby, and San Francisco State University is also accessible.
The property is in Ingleside, near shops, restaurants, cafes, grocery stores, and public transportation on Ocean Avenue. City College of San Francisco is nearby, and San Francisco State University is also accessible.
Key Highlights
- Eight residential units: five studios and two one‑bedroom apartments
- Approximately 5,415 square feet, built in 1926
- Four‑car garage parking
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
$109,654
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
5.62%
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%
$2,193,080
$2.2M
Cap Rate 7%
$1,566,486
$1.6M
Cap Rate 9%
$1,218,378
$1.2M
Market Conditions
NOI Build-Up for 5,415 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
$194.9K $36.00/SF
− Vacancy
−$19.5K −$3.60/SF
EGI
$175.4K $32.40/SF
− OpEx
−$65.8K −$12.15/SF
NOI
$109.7K $20.25/SF
Area
ZIP 94112
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,193,080
Cap Rate 7%
$1,566,486
Cap Rate 9%
$1,218,378
Alternative Uses
Best Use
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,576 @ 7.0% cap · market cap 10.13%
Second Best
Mixed Use
$1.57M
$1.37M – $1.83M
NOI $109,654 @ 7.0% cap · market cap 5.62%
Theoretical Best
Multifamily LT 5
$3.12M
$2.73M – $3.64M
NOI $218,106 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight residential units accompany a separate commercial space currently used for storage.
Where is this mixed-use property located?
The property is located at 212 Jules Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Eight residential units: five studios and two one‑bedroom apartments; Approximately 5,415 square feet, built in 1926; Four‑car garage parking
