Historic Redstone Building in
For Lease
$19.83 SF/Yr
2924-2948 16th St, San Francisco, CA 94103
Three-story office building in San Francisco's vibrant Mission District.
Space Size55,560 SF
Days on Market281
Property Features for 2924-2948 16th St
General Information
Standard status
Active
Size
55,560 SF
Class
C
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
55,560 SF
Year Built
1914
Spaces For Lease
at 2924-2948 16th St Contact us- Size
- 55,560 SF
- Term
- Negotiable
Redstone Lease $19.83/SF/Yr
Listing Agency:
NAI Northern California
(510) 290-9647
Listed By:
James Kilpatrick · License #CalDRE #01277022
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 28
Last Checked: Aug 29 at 7:49AM
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 NAI Northern California
Investment Insights
Based on property information with market context.
The Redstone Building, formerly known as the San Francisco Labor Temple, is a three-story, steel-framed office building featuring brick masonry and concrete facades. Constructed in 1914 with a newer addition in 1939, this San Francisco City Landmark (No. 238) showcases historic architectural features, including red brick masonry, concrete cornices, round arch tops with plaster keystones on the third-floor windows, and decorative medallions between the third-floor windows. The building includes a mezzanine and full basement. The property, situated on a parcel measuring 150 feet by 90 feet, has street frontage along 16th Street and Capp Street, encompassing a gross building area of 55,560 square feet. Located in the heart of the Mission District, the building is near BART, bus lines, restaurants, and boutiques. It boasts Walk, Transit, and Bike Scores of 99, 98, and 99, respectively. Current tenants include small offices, community organizations, artists and art spaces, and theaters. A new 81-unit apartment complex, "Avanza 490", is located next door. Current rents average $16 per square foot, with an as-is market rent of $30 per square foot and top market rents of $80 per square foot.
Key Highlights
- Significant value‑add opportunity: Current rents at $16/SF vs. as‑is market rent of $30/SF and top market rents of $80/SF, representing substantial revenue upside.
- Prime Mission District location: Situated in the heart of the vibrant Mission District, known for its culture, arts, restaurants, and boutiques.
- Exceptional transit access: Located just one block from BART with Walk/Transit/Bike Scores of 99/98/99.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.97 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
7,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Market
Lease Benchmarks for San Francisco, CA
$34.12 /SF/Yr
Avg Asking Price
$1.14–$60 /SF/Yr
Price Range
30,677 SF
Avg Space Size
This space is priced 42% below the average of $34.12 /SF/Yr.
Vacancy Rate% for Office in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building in San Francisco's vibrant Mission District.
Where is this office building located?
The property is located at 2924-2948 16th St San Francisco, CA.
What is the lease rate?
The lease rate is $19.83 SF/Yr.
What are key features of this property?
This property features: Significant value‑add opportunity: Current rents at $16/SF vs. as‑is market rent of $30/SF and top market rents of $80/SF, representing substantial revenue upside.; Prime Mission District location: Situated in the heart of the vibrant Mission District, known for its culture, arts, restaurants, and boutiques.; Exceptional transit access: Located just one block from BART with Walk/Transit/Bike Scores of 99/98/99.
