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    Prime Office Space Near Transit Title is generated by Realmo AI

    199 Fremont St, San Francisco, CA

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    Office space with on-site amenities and excellent transit access.

    Type:RETAIL
    Property size:
    13,336 SF
    Lot size:
    0.75 Acres
    Added:
    Nov 27, 2023
    Days on Market:
    924
    Last Refresh:
    May 20 at 8:42 pm

    Property Features for 199 Fremont St

    General Information

    Standard status
    Active
    Size
    13,336 SF
    Lot size
    0.75 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 199 Fremont St Contact us

    We can help!

    Listing Contact
    Heather Trimble
    Heather Trimble

    Listing agent Heather Trimble License #02089807

    Listing office Cushman & Wakefield | San Francisco

    Listing date Nov 27, 2023

    Source Moodyscre

    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 Cushman & Wakefield | San Francisco

    HighLights

    • Unbeatable Transit Access: Directly across from Salesforce Park & Transit Center (Transit Score 100), 2 blocks from BART/Muni, and 1 block from casual carpool.
    • On‑site Amenities: Includes a day care and fitness center with locker rooms and showers.
    • Convenient On‑site Dining: Town Hall Restaurant & Starbucks located within the building.
    • Secure Building Parking: Provides secure parking for residents/employees.
    • Bike Friendly: Offers bike parking and storage.
    • 24/7 Access & Security: Ensures round‑the‑clock building access and security.

    Overview

    This commercial property offers 13,336 square feet of space suitable for office use, day care centers, fitness centers, and other specialty purposes. The building features on-site amenities including a day care and a fitness center equipped with locker rooms and showers. For commuters, there is bike parking and storage available. The property benefits from its location directly across from Salesforce Park and the Salesforce Transit Center's bus hub, resulting in a transit score of 100. It is also situated two blocks from the Embarcadero Street BART/MUNI station and one block from a casual carpool drop-off location. Additional amenities include an on-site restaurant and Starbucks, secure building parking, and outdoor seating areas. The building provides 24/7 access and security.
    Property Profile Location Intelligence

    Current Use by Public Records

    Huntington T Block Insurance Agency StubHub Event Planning S. D. Bechtel, ... Charitable Organization Kathleen M. Tinnerello Law Firm Fremont Realty Capital Construction Company

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.395
    Latitude
    37.7896

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    FAQs

    What type of property is this?
    Office units - Office space with on-site amenities and excellent transit access.
    Where is this office units located?
    The property is located at 199 Fremont St San Francisco, CA.
    What are key features of this property?
    This property features: Unbeatable Transit Access: Directly across from Salesforce Park & Transit Center (Transit Score 100), 2 blocks from BART/Muni, and 1 block from casual carpool.; On‑site Amenities: Includes a day care and fitness center with locker rooms and showers.; Convenient On‑site Dining: Town Hall Restaurant & Starbucks located within the building.
    (415) 397-1700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Heather Trimble
    Heather Trimble
    Real Estate License ID: 02089807
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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