Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2323 Noriega St, Unit 205 San Francisco, CA 94122

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $625,000

    Office condo in a vibrant area with shops and restaurants.

    Property size:
    836 SF
    Lot size:
    0.21 Acres

    Property Features for 2323 Noriega St

    General Information

    Standard status
    Active
    Size
    836 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    David T Chan
    Source: Corcoran

    Listing Agency: JODI GROUP Listing Agent: David T Chan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Office Condo in Sunset

    This commercial office condo is located in the Sunset District. The unit features four private offices with open working areas. It is situated in a lively area with numerous shops and restaurants. The building is a mixed-use property with medical and insurance offices, as well as residential condos above. Elevator access is available for ease and convenience, and there are public restrooms. The neighborhood is dynamic with a welcoming community feel. The property is suitable for businesses seeking a professional environment with the added benefit of a thriving local area. The unit size is 836 square feet.
    Location Intelligence

    Current Use by Public Records

    ASHLEY CYRONAK Physician All Seasons Chimney ... General Contractor Tin Justin L ... Dental Office Covered California Certified ... Insurance Agency Feng Tina Y ... Dental Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.4885301
    Latitude
    37.7534541

    Nearby Similar for Sale

    • $875,000
      1,280 SF

      San Francisco Showroom For Sale

      Versatile 1,280 SF showroom in a dynamic San Francisco location.
      637 King St, San Francisco, CA 94107
      View Details
    • $350,000
      2,584 SF

      San Francisco Retail Opportunity

      Retail space in San Francisco's Financial District available for sale.
      617 7Th St, San Francisco, CA 94103
      View Details
    • $1,350,000
      1,339 SF

      Corner Retail Property in Mission Dolores

      Well-maintained retail property with long-term leases in prime location.
      3901 18Th St, San Francisco, CA 94114
      View Details
    • $599,000
      1,230 SF

      Prime Office Condo with Views

      Fifth-floor office condo with city views and flexible layout.
      203 Willow St, San Francisco, CA 94109
      View Details
    • $2,795,000
      3,795 SF

      Commercial Asset in Lower Nob Hill

      Two-story commercial building with redevelopment potential near Union Square.
      729 Bush St, San Francisco, CA 94108
      View Details
    • $18,000,000
      3,356 SF

      San Francisco Mixed-Use Trophy Asset

      Rare mixed-use property with income and residential development potential.
      3516-3518 Sacramento St, San Francisco, CA 94118
      View Details
    • $12,000,000
      30,000 SF

      San Francisco Commercial Warehouse Spaces

      Two concrete warehouse spaces with PDR-2/M1 zoning in San Francisco.
      1400 Carroll Ave, San Francisco, CA 94124
      View Details
    • $3,795,000
      Pending

      Outer Sunset Development Opportunity

      Two adjacent parcels in high-demand Outer Sunset neighborhood.
      1385 46Th Ave, San Francisco, CA 94122
      View Details
    • $3,795,000
      Pending

      Outer Sunset Development Opportunity

      Two parcels near Ocean Beach with development potential.
      4110 Judah St, San Francisco, CA 94122
      View Details
    • $3,990,000
      18,000 SF

      San Francisco Commercial Property For Sale

      Commercial property available in San Francisco, California.
      1114 Howard St, San Francisco, CA 94103
      View Details
    • $1,500,000
      3,150 SF

      Mixed-Use Property in Bayview

      Versatile mixed-use property with income potential in a vibrant location.
      6246 3Rd St, San Francisco, CA 94124
      View Details
    • $1,700,000
      3,140 SF

      San Francisco Multifamily Investment Opportunity

      Multifamily property near Dolores Park with strong cash flow.
      3451 22Nd St, San Francisco, CA 94110
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo in a vibrant area with shops and restaurants.
    Where is this office units located?
    The property is located at 2323 Noriega St, Unit 205 San Francisco, CA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Prime commercial office condo in the vibrant Sunset District.; - Four private offices with open working areas.; - Elevator access for ease and convenience.
    (415) 661-3232
    Request Owner's contact information
    2323 Noriega St, Unit 205 San Francisco, CA 94122
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2323 Noriega St, Unit 205
    San Francisco, CA 94122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2323 Noriega St, Unit 205 San Francisco, CA 94122
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David T Chan
    (415) 661-3232 (415) 606-4448
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!