Three-Story Office
227-231 Kearny Street San Francisco, CA 94108
227-231 Kearny Street, San Francisco, CA, 94108
$2,999,999
For Sale
$2,999,999
Former tuxedo building with three occupied floors plus a large basement, each with private bathrooms and hardwood floors.
Property Size4,727 SF
Price / SF$634.65
Days on Market160
Property Features for 227-231 Kearny Street
General Information
- Standard status
- Active
- Size
- 4,727 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1908
Listing agency
Skybox Realty
(415) 216-8746
Listed by
Paul Hwang · License #DRE #01371169
(415) 216-8746
Source
Compass
Added: Feb 12 Updated: Jul 22 at 10:07AM Checked: Jul 22 at 10:07AM
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 Skybox Realty
Investment Insights
Based on property information with market context.
Former Selix's Tuxedo building offered for sale with three stories and a massive basement. The building has all-hardwood floors and earthquake retrofit. Each floor includes private bathroom and sink. All units are currently vacant.
The property is located on Kearny Street in a vibrant business area of San Francisco, and includes a large blade sign. A potential alley easement on Claude Lane is noted in the public remarks.
The layout supports independent floor-level use given the private bathroom and sink on each floor, with additional space below grade provided by the massive basement.
The property is located on Kearny Street in a vibrant business area of San Francisco, and includes a large blade sign. A potential alley easement on Claude Lane is noted in the public remarks.
The layout supports independent floor-level use given the private bathroom and sink on each floor, with additional space below grade provided by the massive basement.
Key Highlights
- Former Selix’s Tuxedo building on Kearny with a 3‑story layout plus a massive basement
- Each floor has private bathroom and sink, with hardwood flooring throughout
- Earthquake retrofit completed on the building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.2k | $44.04 |
| − Vacancy | −$52.9k | −$11.19 |
| EGI | $155.3k | $32.85 |
| − OpEx | −$38.8k | −$8.21 |
| NOI | $116.5k | $24.64 |
4,727 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$21.55M
$18.86M – $25.14M
NOI $1,508,511 @ 7.0% cap · market cap 50.28%
Second Best
Office B
$1.66M
$1.46M – $1.94M
NOI $116,475 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$23.09M
$20.20M – $26.94M
NOI $1,616,262 @ 7.0% cap · market cap 53.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Former tuxedo building with three occupied floors plus a large basement, each with private bathrooms and hardwood floors.
Where is this office building located?
The property is located at 227-231 Kearny Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Former Selix’s Tuxedo building on Kearny with a 3‑story layout plus a massive basement; Each floor has private bathroom and sink, with hardwood flooring throughout; Earthquake retrofit completed on the building
