Four-Story Mixed-Use
For Sale
$5,800,000
Pending
308 7th, San Francisco, CA 94103
Brick-and-timber construction, flexible floor plans, private parking, and a rooftop deck support varied commercial and live-work configurations.
Property Size15,000 SF
Days on Market122
Property Features for 308 7th
General Information
Standard status
Pending
Size
15,000 SF
Elevators
Yes
Property subtype
Commercial
Amenities
rooftop deck
roll-up door
Central air
Carpet Flooring
Central Heating
Concrete Flooring
Concrete Slab Flooring
Multi Units Cooling
Multi Zone Cooling
Wood Flooring
Zoned Air Cooling
Building Details
Year Built
1922
Buildings
1
Stories
4
Building Size
15,000 SF
Construction
brick and timber
Listing Agency:
COLTON COMMERCIAL & PARTNERS INC
8341600
Listed By:
JAY SHAFFER · License #01444640
Source:
Corcoran
Added: May 2
Changed: Aug 31
Last Checked: Aug 30 at 5:00PM
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 COLTON COMMERCIAL & PARTNERS INC
Investment Insights
Based on property information with market context.
Located at 308-310 7th Street, this four-story mixed-use building contains approximately 15,000 square feet and was built in 1922. The property combines exposed brick and timber elements with upgraded seismic features, high-quality interior finishes, open floor layouts, tall upper-level ceilings, HVAC, and strong natural light.
The building includes a substantial private parking area, a roll-up door, and a freight elevator. A rooftop deck adds an additional outdoor component. The existing configuration is described as adaptable for commercial occupancy, residential conversion, or live-work use, subject to applicable approvals.
The building includes a substantial private parking area, a roll-up door, and a freight elevator. A rooftop deck adds an additional outdoor component. The existing configuration is described as adaptable for commercial occupancy, residential conversion, or live-work use, subject to applicable approvals.
Key Highlights
- Approximately 15,000 +/- square feet across 4 stories
- 308‑310 7th Street location in San Francisco, CA 94103
- Private onsite parking lot with roll‑up door
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
$369,606
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
6.37%
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%
$7,392,120
$7.4M
Cap Rate 7%
$5,280,086
$5.3M
Cap Rate 9%
$4,106,733
$4.1M
Market Conditions
NOI Build-Up for 15,000 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
$660.6K $44.04/SF
− Vacancy
−$167.8K −$11.19/SF
EGI
$492.8K $32.85/SF
− OpEx
−$123.2K −$8.21/SF
NOI
$369.6K $24.64/SF
Area
San Francisco, CA
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 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%
$7,392,120
Cap Rate 7%
$5,280,086
Cap Rate 9%
$4,106,733
Alternative Uses
Best Use
Office B
$5.28M
$4.62M – $6.16M
NOI $369,606 @ 7.0% cap · market cap 6.37%
Second Best
Mixed Use
$4.78M
$4.18M – $5.58M
NOI $334,688 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$73.27M
$64.11M – $85.48M
NOI $5,128,819 @ 7.0% cap · market cap 88.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12,243
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
Vacancy Rate% for Office in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick-and-timber construction, flexible floor plans, private parking, and a rooftop deck support varied commercial and live-work configurations.
Where is this mixed-use property located?
The property is located at 308 7th San Francisco, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Approximately 15,000 +/- square feet across 4 stories; 308‑310 7th Street location in San Francisco, CA 94103; Private onsite parking lot with roll‑up door
