Multi-Level Creative Office
For Sale
$5,800,000
Pending
310 7th Street, San Francisco, CA 94103
Four levels of open office space with sandblasted brick, exposed timber, and original fir floors, plus an 11-car lot.
Property Size15,000 SF
Days on Market195
Property Features for 310 7th Street
General Information
Standard status
Pending
Size
15,000 SF
Total Parking Spaces
10
Zoning
NCT and Residential
Amenities
Skylight(s), Showroom, Server Room, Reception Area, Patio, Living Area in Building, Kitchen Facilities, Beam and Post Ceilings, 12 to 18 Ft Ceilings
Accessible Kitchen
Zoned, Multi Units
Central
Elevator
Open, Private
Building Details
Building Size
15,000 SF
Year Built
1922
Buildings
1
Stories
4
Listing Agency:
Colton Commercial & Partners Inc
Listed By:
Jay Shaffer · License #01444640
(415) 407-3997
Source:
Evrealestate
Added: Apr 11
Changed: Oct 11
Last Checked: Oct 20 at 8:42PM
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
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Investment Insights
Based on property information with market context.
310 7th Street, also known as “The Magic Factory,” is a for-sale creative office building featuring four levels of open space. Interior details include sandblasted brick walls, rows of exposed timber, original fir floors, and bright operable industrial steel windows. The building is designed to bring in natural light on three sides.
The property includes an 11-car parking lot and is being delivered vacant upon close of escrow.
Originally built as a furniture factory, it has been preserved and today operates as a multi-disciplinary creative firm. The offering is presented as a turnkey vacancy at the time of sale.
The property includes an 11-car parking lot and is being delivered vacant upon close of escrow.
Originally built as a furniture factory, it has been preserved and today operates as a multi-disciplinary creative firm. The offering is presented as a turnkey vacancy at the time of sale.
Key Highlights
- Four levels of open industrial‑style office space with gorgeously sandblasted brick walls and rows of exposed timber
- Bright, operable industrial steel windows on three sides for natural light
- Original fir floors retained throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$369,606
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
12,243
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Creative space - Four levels of open office space with sandblasted brick, exposed timber, and original fir floors, plus an 11-car lot.
Where is this creative space located?
The property is located at 310 7th Street 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: Four levels of open industrial‑style office space with gorgeously sandblasted brick walls and rows of exposed timber; Bright, operable industrial steel windows on three sides for natural light; Original fir floors retained throughout
