Corner Mixed-Use
New
For Sale
$4,995,000
244 Divisadero Street, San Francisco, CA 94117
Prominent corner parcel with multiple street frontages and residential or mixed-use repositioning potential.
Property Size9,365 SF
Price / SF$533.37
Days on Market5
Property Features for 244 Divisadero Street
General Information
Standard status
Active
Size
9,365 SF
Property subtype
Mixed Use
Building Details
Building Size
9,365 SF
Year Built
1904
Listing Agency:
Vanguard Properties
Listed By:
Frank A Nolan
(415) 377-3726
Source:
Gregglynn
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 21 at 6:36AM
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
Investment Insights
Based on property information with market context.
This mixed-use property is a prominent corner parcel at Divisadero Street and Haight Street, with multiple street frontages, a view-oriented setting, and an established urban context. Built in 1904, the property is positioned for consideration as a residential or mixed-use redevelopment project.
The site sits within the Lower Haight, Duboce Triangle, Buena Vista, and Divisadero corridor areas of San Francisco. The surrounding setting includes restaurants, independent retailers, cafés, nightlife, daily conveniences, parks, employment centers, and transit. Its location at the intersection of two established neighborhood streets supports a highly walkable setting with access to nearby commercial districts and residential areas.
The site sits within the Lower Haight, Duboce Triangle, Buena Vista, and Divisadero corridor areas of San Francisco. The surrounding setting includes restaurants, independent retailers, cafés, nightlife, daily conveniences, parks, employment centers, and transit. Its location at the intersection of two established neighborhood streets supports a highly walkable setting with access to nearby commercial districts and residential areas.
Key Highlights
- Corner property at Divisadero Street and Haight Street
- Multiple street frontages in an established urban setting
- Built in 1904
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
$208,957
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
4.18%
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%
$4,179,140
$4.2M
Cap Rate 7%
$2,985,100
$3.0M
Cap Rate 9%
$2,321,744
$2.3M
Market Conditions
NOI Build-Up for 9,365 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
$393.3K $42.00/SF
− Vacancy
−$59.0K −$6.30/SF
EGI
$334.3K $35.70/SF
− OpEx
−$125.4K −$13.39/SF
NOI
$209.0K $22.31/SF
Area
San Francisco, CA
Vacancy
15.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
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%
$4,179,140
Cap Rate 7%
$2,985,100
Cap Rate 9%
$2,321,744
Alternative Uses
Best Use
Mixed Use
$2.99M
$2.61M – $3.48M
NOI $208,957 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$45.74M
$40.03M – $53.37M
NOI $3,202,093 @ 7.0% cap · market cap 64.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 94117, CA
38,451
Population
19,709
Households
2
Avg Household Size
36
Median Age
78%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
29,578
Density / Sq Mi
$175,096
Median Household Income
$106,542
Median Earnings
$2,786
Median Rent
$1,641,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Prominent corner parcel with multiple street frontages and residential or mixed-use repositioning potential.
Where is this mixed-use property located?
The property is located at 244 Divisadero Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Corner property at Divisadero Street and Haight Street; Multiple street frontages in an established urban setting; Built in 1904
