Versatile Industrial Condo in
For Sale
$999,000
2250 Jerrold Avenue # 11, San Francisco, CA 94124
Two-level industrial condo with flexible workspace and office space.
Property Size1,882 SF
Price / SF$530.82
Days on Market228
Property Features for 2250 Jerrold Avenue # 11
General Information
Standard status
Active
Size
1,882 SF
Property subtype
Industrial
Building Details
Building Size
1,882 SF
Year Built
1990
Listing Agency:
KW Advisors
Listed By:
Tim A Brown
(415) 334-0100
Source:
Elevationrealestate
Added: Jan 19
Changed: Aug 25
Last Checked: Sep 1 at 11:57PM
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 KW Advisors
Investment Insights
Based on property information with market context.
This two-level industrial condo, built in 1990, is located in San Francisco's Bayview district. The end-unit property offers 1,882 sq ft of adaptable space. The main level features a flex workspace and multiple offices or workshop rooms equipped with sinks, suitable for production assembly or creative projects. A janitorial closet and a half bath are also located on this level. Upstairs, the property includes additional office space, a break room with a kitchenette, and a three-quarter bath. An outdoor terrace provides an area for breaks. Generous windows provide daylight throughout the space. The property is zoned PDR 2 and includes two-car parking. The property is designed for businesses that value comfort and productivity. It is located in a strategic location with access to major transit routes. The property will be delivered vacant.
Key Highlights
- 1,882 sq ft end‑unit industrial condo in San Francisco's Bayview district.
- Flexible workspace with multiple offices/workshop rooms, sinks, kitchenette, and outdoor terrace.
- Two‑car parking and low HOA dues.
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
$32,013
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
3.20%
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%
$640,260
$640.3K
Cap Rate 7%
$457,329
$457.3K
Cap Rate 9%
$355,700
$355.7K
Market Conditions
NOI Build-Up for 1,882 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
$50.8K $27.00/SF
− Vacancy
−$5.1K −$2.70/SF
EGI
$45.7K $24.30/SF
− OpEx
−$13.7K −$7.29/SF
NOI
$32.0K $17.01/SF
Area
San Francisco, CA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$640,260
Cap Rate 7%
$457,329
Cap Rate 9%
$355,700
Alternative Uses
Best Use
Industrial
$457.3K
$400.2K – $533.6K
NOI $32,013 @ 7.0% cap · market cap 3.20%
Second Best
Flex RnD
$445.6K
$389.9K – $519.9K
NOI $31,194 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$9.19M
$8.04M – $10.72M
NOI $643,496 @ 7.0% cap · market cap 64.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level industrial condo with flexible workspace and office space.
Where is this flex space located?
The property is located at 2250 Jerrold Avenue # 11 San Francisco, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1,882 sq ft end‑unit industrial condo in San Francisco's Bayview district.; Flexible workspace with multiple offices/workshop rooms, sinks, kitchenette, and outdoor terrace.; Two‑car parking and low HOA dues.
