Victorian Office
For Sale
$1,499,999
271 Austin Street, San Francisco, CA 94109
Vacant three-level office property with private offices, meeting rooms, storage, and flexible NC-3 zoning.
Property Size2,721 SF
Price / SF$551.27
Days on Market51
Property Features for 271 Austin Street
General Information
Standard status
Active
Size
2,721 SF
Property subtype
Multi Family
Zoning
NC-3
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$280
Amenities
double-hung windows
decorative glass skylight
rear yard with decks
private patio
bathroom on every floor
generous storage
Building Details
Year Built
1909
Buildings
1
Stories
3
Building Size
2,721 SF
Construction
Victorian
Abandoned
No
Listing Agency:
KW Advisors
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Source:
Exitrealty
Added: Aug 26
Changed: Oct 4
Last Checked: Oct 4 at 8:42AM
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.
Built in 1909, this three-story Victorian office property is being delivered vacant after approximately two decades of office use. The layout includes eight private offices, a reception area, two conference rooms, open work areas, substantial storage, and one bathroom on each level. A kitchen occupies the top floor and connects to a private patio. Double-hung windows, a decorative glass skylight, natural light, rear-yard decks, and period architectural character add distinction throughout the building.
The property is located on Austin Street, one block off Van Ness Avenue and near the cafes, restaurants, and shops of Polk Street. Transit options include Muni, BART, Golden Gate Transit, and the 49 Van Ness BRT. NC-3 zoning supports both residential and commercial use, subject to verification of permitted uses, conversion feasibility, and required approvals. The property is offered as-is.
The property is located on Austin Street, one block off Van Ness Avenue and near the cafes, restaurants, and shops of Polk Street. Transit options include Muni, BART, Golden Gate Transit, and the 49 Van Ness BRT. NC-3 zoning supports both residential and commercial use, subject to verification of permitted uses, conversion feasibility, and required approvals. The property is offered as-is.
Key Highlights
- 1909 Victorian office building delivered vacant
- Eight private offices, reception, two conference rooms, open work areas, and storage
- Top‑floor kitchen opens to a private patio; rear yard includes decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,046
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,920
$1.3M
Cap Rate 7%
$957,800
$957.8K
Cap Rate 9%
$744,956
$745.0K
Market Conditions
NOI Build-Up for 2,721 SF
Gross rent
$119.8K $44.04/SF
− Vacancy
−$30.4K −$11.19/SF
EGI
$89.4K $32.85/SF
− OpEx
−$22.3K −$8.21/SF
NOI
$67.0K $24.64/SF
Area
ZIP 94109
Vacancy
25.40%
Lease Rate
$44.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,920
Cap Rate 7%
$957,800
Cap Rate 9%
$744,956
Alternative Uses
Best Use
Office B
$957.8K
$838.1K – $1.12M
NOI $67,046 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$12.40M
$10.85M – $14.47M
NOI $868,343 @ 7.0% cap · market cap 57.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11,623
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
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Market
Vacancy Rate% for Office in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Office building - Vacant three-level office property with private offices, meeting rooms, storage, and flexible NC-3 zoning.
Where is this office building located?
The property is located at 271 Austin Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 1909 Victorian office building delivered vacant; Eight private offices, reception, two conference rooms, open work areas, and storage; Top‑floor kitchen opens to a private patio; rear yard includes decks
