Three-Story Mixed-Use
For Sale
$3,100,000
2719 Hyde Street, San Francisco, CA 94118
Three-story mixed-use property with a fully equipped restaurant ground floor and two vacant residential units above.
Property Size5,800 SF
Days on Market55
Property Features for 2719 Hyde Street
General Information
Standard status
Active
Size
5,800 SF
Property subtype
Mixed Use
Building Details
Building Size
5,800 SF
Year Built
1912
Listing Agency:
Coldwell Banker Realty
(415) 334-1880
Listed By:
Christina C Chung
Source:
Adelaidamejiasf
Added: Jul 7
Changed: Aug 25
Last Checked: Aug 29 at 4:55PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This three-story mixed-use building includes a fully equipped restaurant space on the ground floor with a basement. The second floor features two vacant residential units: one remodeled 2-bedroom plus den, 1-bath home, and one vacant 1-bedroom, 1-bath unit. The third floor is an owner’s unit with 3 bedrooms, 2 baths, and bay views.
The property is located near Ghirardelli Square and Fisherman’s Wharf, in the Russian Hill/North Beach area. The owner is retiring and delivering the entire building vacant.
With all units available for repositioning, the building offers a flexible mix of commercial and residential space to suit a range of operating and leasing approaches.
The property is located near Ghirardelli Square and Fisherman’s Wharf, in the Russian Hill/North Beach area. The owner is retiring and delivering the entire building vacant.
With all units available for repositioning, the building offers a flexible mix of commercial and residential space to suit a range of operating and leasing approaches.
Key Highlights
- 3‑story mixed‑use building built in 1912 with a fully equipped restaurant on the ground floor plus a basement.
- Ground‑floor restaurant space is fully equipped and ready for continued commercial use or redevelopment.
- Second floor has two vacant residential units: a remodeled 2‑bed + den, 1‑bath unit and a vacant 1‑bed, 1‑bath unit.
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
$206,129
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
6.65%
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%
$4,122,580
$4.1M
Cap Rate 7%
$2,944,700
$2.9M
Cap Rate 9%
$2,290,322
$2.3M
Market Conditions
NOI Build-Up for 5,800 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
$313.2K $54.00/SF
− Vacancy
−$18.7K −$3.23/SF
EGI
$294.5K $50.77/SF
− OpEx
−$88.3K −$15.23/SF
NOI
$206.1K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,122,580
Cap Rate 7%
$2,944,700
Cap Rate 9%
$2,290,322
Alternative Uses
Best Use
Specialty Retail
$28.33M
$24.79M – $33.05M
NOI $1,983,143 @ 7.0% cap · market cap 63.97%
Second Best
Multifamily LT 5
$2.94M
$2.58M – $3.44M
NOI $206,129 @ 7.0% cap · market cap 6.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 94118, CA
42,356
Population
19,052
Households
2.2
Avg Household Size
37
Median Age
72%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
21,178
Density / Sq Mi
$159,550
Median Household Income
$92,946
Median Earnings
$2,695
Median Rent
$1,817,200
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?
Mixed-use property - Three-story mixed-use property with a fully equipped restaurant ground floor and two vacant residential units above.
Where is this mixed-use property located?
The property is located at 2719 Hyde Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 3‑story mixed‑use building built in 1912 with a fully equipped restaurant on the ground floor plus a basement.; Ground‑floor restaurant space is fully equipped and ready for continued commercial use or redevelopment.; Second floor has two vacant residential units: a remodeled 2‑bed + den, 1‑bath unit and a vacant 1‑bed, 1‑bath unit.
