Mixed-Use Building with Retail
For Sale
$5,000,000
2360-2366 Mission Street, San Francisco, CA 94110
Built in 1926 with 14 separately metered apartment units and two commercial spaces, plus updated electrical systems.
Property Size13,856 SF
Lot Size0.12 Acres
Days on Market169
Property Features for 2360-2366 Mission Street
General Information
Standard status
Active
Size
13,856 SF
Lot size
0.12 Acres
Property subtype
Mixed Use
Additional Details
Multifamily Units
14
Building Details
Building Size
13,856 SF
Year Built
1926
Tenancy
Multi
Listing Agency:
Intero Real Estate Services
(650) 589-1000
Listed By:
Mindy Tsoi
Source:
Bonniespindler
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 13 at 11:07AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1926, 2360 Mission Street is a mixed-use property featuring 14 residential apartment units and two commercial spaces. The building sits on an approximately 5,400 square foot lot and has approximately 65 feet of frontage along Mission Street. All units are separately metered for gas and electricity, and the electrical system has been updated.
The property is positioned along Mission Street with immediate street-level access for the two commercial spaces. It is located in San Francisco’s Mission District and offers convenient transportation options nearby, including access to Muni lines and BART.
For buyers and operators, the mix of separately metered apartments and two commercial spaces can support straightforward day-to-day utility management and flexibility in tenancy. This vintage building offers an income-producing structure with established residential units, while the ground-floor commercial component provides an additional leasing opportunity for users seeking a presence on Mission Street.
The property is positioned along Mission Street with immediate street-level access for the two commercial spaces. It is located in San Francisco’s Mission District and offers convenient transportation options nearby, including access to Muni lines and BART.
For buyers and operators, the mix of separately metered apartments and two commercial spaces can support straightforward day-to-day utility management and flexibility in tenancy. This vintage building offers an income-producing structure with established residential units, while the ground-floor commercial component provides an additional leasing opportunity for users seeking a presence on Mission Street.
Key Highlights
- Built in 1926 mixed‑use property with 14 residential apartment units and two commercial spaces
- Approximately 65 ft frontage along Mission Street and sits on an approximately 5,400 SF lot
- All units are separately metered for gas and electricity
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
$428,441
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
8.57%
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%
$8,568,820
$8.6M
Cap Rate 7%
$6,120,586
$6.1M
Cap Rate 9%
$4,760,456
$4.8M
Market Conditions
NOI Build-Up for 13,856 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
$831.4K $60.00/SF
− Vacancy
−$52.4K −$3.78/SF
EGI
$779.0K $56.22/SF
− OpEx
−$350.5K −$25.30/SF
NOI
$428.4K $30.92/SF
Area
ZIP 94110
Vacancy
6.30%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
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%
$8,568,820
Cap Rate 7%
$6,120,586
Cap Rate 9%
$4,760,456
Alternative Uses
Best Use
Retail
$63.17M
$55.27M – $73.70M
NOI $4,421,817 @ 7.0% cap · market cap 88.44%
Second Best
Apartment 5plus
$6.12M
$5.36M – $7.14M
NOI $428,441 @ 7.0% cap · market cap 8.57%
Theoretical Best
Specialty Retail
$67.68M
$59.22M – $78.96M
NOI $4,737,661 @ 7.0% cap · market cap 94.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,923
Businesses Nearby
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1926 with 14 separately metered apartment units and two commercial spaces, plus updated electrical systems.
Where is this apartment building located?
The property is located at 2360-2366 Mission Street San Francisco, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Built in 1926 mixed‑use property with 14 residential apartment units and two commercial spaces; Approximately 65 ft frontage along Mission Street and sits on an approximately 5,400 SF lot; All units are separately metered for gas and electricity
