Building Details

Year Built 1911

Listing Agency: VANGUARD PROPERTIES Show Phone

Listed By: CHERYL J MALONEY · License #0196668 Show Phone

Source: Corcoran

Added: Oct 9, 2025 Changed: Oct 16 Last Checked: Oct 19 at 6:19AM

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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 VANGUARD PROPERTIES

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Investment Insights

Based on property information with market context.

This commercial condominium is located in the Mission District of San Francisco. The property features high ceilings and storage space. It includes two front entrances, a front entry way or reception area, and two private bathrooms. An upstairs back mezzanine space provides access to a large outdoor deck. The property is close to public transportation, shopping, restaurants, and the freeway. Previously owner-occupied as a preschool, the space is currently vacant. The property offers potential for a live-work setup. The property size is 2895 square feet.

Key Highlights

• Prime location in the heart of San Francisco's vibrant Mission District.
• Versatile space suitable for owner‑operator or investment property.
• Features a large outdoor deck and mezzanine space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,624

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,172,480 $1.2M

Cap Rate 7%

$837,486 $837.5K

Cap Rate 9%

$651,378 $651.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,895 SF

Gross rent

$104.2K $36.00/SF

− Vacancy

−$10.4K −$3.60/SF

EGI

$93.8K $32.40/SF

− OpEx

−$35.2K −$12.15/SF

NOI

$58.6K $20.25/SF

Area

ZIP 94110

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 Rate 5%

$1,172,480

Cap Rate 7%

$837,486

Cap Rate 9%

$651,378

Alternative Uses

Best Use

Mixed Use

$837.5K

$732.8K – $977.1K (±1% cap)

NOI $58,624 @ 7.0% cap · market cap 3.92%

Second Best

Office B

$835.8K

$731.3K – $975.1K (±1% cap)

NOI $58,505 @ 7.0% cap · market cap 3.91%

Theoretical Best

Specialty Retail

$14.14M

$12.37M – $16.50M (±1% cap)

NOI $989,862 @ 7.0% cap · market cap 66.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Peace Industry (Bike/Boat/Book/etc) Store Mio Preschool Too High School Bernie 2020 San ... Community Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Adult Day Care Clothing & Fashion Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,750

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 94110, CA

68,336

Population

30,685

Households

2.2

Avg Household Size

38

Median Age

61%

College-Educated

87%

High-School Grad

2.4 sq mi

ZIP Area

28,473

Density / Sq Mi

$152,403

Median Household Income

$80,431

Median Earnings

$2,404

Median Rent

$1,500,200

Median Home Value

Market

Vacancy Rate% for Office in San Francisco, CA

5.4% 2019

15.8% 2020

18.5% 2021

24.1% 2022

32.5% 2023

34.2% 2024

33.1% 2025

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Frequently Asked Questions

What type of property is this?

Day care center - Commercial condo in vibrant Mission District, San Francisco.

Where is this day care center located?

The property is located at 2235 Mission Street San Francisco, CA.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: Prime location in the heart of San Francisco's vibrant Mission District.; Versatile space suitable for owner‑operator or investment property.; Features a **large outdoor deck and mezzanine space.**