Medical Office
New
For Sale
$1,470,000
2191 Market St #6, San Francisco, CA 94114
Suite 6 is currently configured as a physical therapy clinic, with on-site parking available subject to availability.
Property Size1,840 SF
Price / SF$798.91
Days on Market2
Property Features for 2191 Market St #6
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Commercial
Site & Location
Neighborhood
Castro/Upper Market
Public Transit
Yes
Additional Details
Asking Price
$1,470,000
Building Details
Building Size
1,840 SF
Year Built
2002
Listing Agency:
Compass
Listed By:
David R Bell · License #01862467
(415) 307-8056
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:16PM
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
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Investment Insights
Based on property information with market context.
The offering includes an 1,840-square-foot medical office condominium for sale. Suite 6, measuring 1,309 square feet, is currently used as a physical therapy clinic and is offered for lease on NNN terms, with the tenant responsible for its pro-rata share of expenses. The building was completed in 2002.
The property is on Market Street in San Francisco, with access to Muni and BART. Walk Score is 99, Transit Score is 87, and Bike Score is 90. On-site parking is available subject to availability.
The property is on Market Street in San Francisco, with access to Muni and BART. Walk Score is 99, Transit Score is 87, and Bike Score is 90. On-site parking is available subject to availability.
Key Highlights
- 1,840‑square‑foot medical office condominium offered for sale
- Suite 6 offers 1,309 square feet and currently functions as a physical therapy clinic
- NNN lease; tenant pays its pro‑rata share of expenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,338
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,760
$906.8K
Cap Rate 7%
$647,686
$647.7K
Cap Rate 9%
$503,756
$503.8K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$81.0K $44.04/SF
− Vacancy
−$20.6K −$11.19/SF
EGI
$60.5K $32.85/SF
− OpEx
−$15.1K −$8.21/SF
NOI
$45.3K $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 Rate 5%
$906,760
Cap Rate 7%
$647,686
Cap Rate 9%
$503,756
Alternative Uses
Best Use
Office B
$647.7K
$566.7K – $755.6K
NOI $45,338 @ 7.0% cap · market cap 3.08%
Second Best
Healthcare Medical
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 2.38%
Theoretical Best
Specialty Retail
$8.99M
$7.86M – $10.49M
NOI $629,135 @ 7.0% cap · market cap 42.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,866
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 94114, CA
33,683
Population
18,686
Households
1.8
Avg Household Size
40
Median Age
79%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
24,059
Density / Sq Mi
$196,528
Median Household Income
$117,677
Median Earnings
$2,898
Median Rent
$1,771,700
Median Home Value
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Market
Vacancy Rate% for Office in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Suite 6 is currently configured as a physical therapy clinic, with on-site parking available subject to availability.
Where is this medical office space located?
The property is located at 2191 Market St #6 San Francisco, CA.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: 1,840‑square‑foot medical office condominium offered for sale; Suite 6 offers 1,309 square feet and currently functions as a physical therapy clinic; NNN lease; tenant pays its pro‑rata share of expenses
