Mixed-Use Property with Restaurant
For Sale
$1,550,000
3119 Clement Street, San Francisco, CA 94121
Distinctive two-level asset combining an operating restaurant area with an upstairs residential flat near neighborhood retail and amenities.
Property Size2,995 SF
Price / SF$517.53
Days on Market8
Property Features for 3119 Clement Street
General Information
Standard status
Active
Size
2,995 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Road Access
Yes
Patio
Yes
Amenities
storage structure
rear terrace
3
Close To Shops.
Building Details
Year Built
1921
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(415) 264-4789
Listed By:
Nick Johnson
(415) 264-4789
Source:
Xome
Added: Aug 6
Changed: Aug 12
Last Checked: Aug 12 at 3:49AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1921 mixed-use property combines ground-floor commercial space with an upper residential flat. The approximately 1,675 sq. ft. restaurant area includes a dining room, kitchen, office, restrooms, rear patio, storage, and a separate storage structure. Its Moroccan-inspired exterior features colorful tilework and detailed architectural elements facing Clement Street.
The approximately 1,320 sq. ft. residence includes three bedrooms, two baths, a living room, dining room, kitchen, foyer, and rear terrace. The upper unit is rented by the room, with three rooms occupied and one room scheduled for vacant delivery. The property is located in San Francisco's Richmond District near restaurants, cafes, markets, George Washington High School, Golden Gate Park, the Presidio, Ocean Beach, Lands End, and Lincoln Park.
The approximately 1,320 sq. ft. residence includes three bedrooms, two baths, a living room, dining room, kitchen, foyer, and rear terrace. The upper unit is rented by the room, with three rooms occupied and one room scheduled for vacant delivery. The property is located in San Francisco's Richmond District near restaurants, cafes, markets, George Washington High School, Golden Gate Park, the Presidio, Ocean Beach, Lands End, and Lincoln Park.
Key Highlights
- Mixed‑use property totaling 2,995 sq. ft.
- Ground‑floor commercial area of approximately 1,675 sq. ft. plus storage
- Restaurant layout includes dining, kitchen, office, restrooms, rear patio, and storage structure
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
$97,239
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
6.27%
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%
$1,944,780
$1.9M
Cap Rate 7%
$1,389,129
$1.4M
Cap Rate 9%
$1,080,433
$1.1M
Market Conditions
NOI Build-Up for 2,995 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
$188.7K $63.00/SF
− Vacancy
−$11.9K −$3.97/SF
EGI
$176.8K $59.03/SF
− OpEx
−$79.6K −$26.56/SF
NOI
$97.2K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,944,780
Cap Rate 7%
$1,389,129
Cap Rate 9%
$1,080,433
Alternative Uses
Best Use
Specialty Retail
$14.63M
$12.80M – $17.07M
NOI $1,024,054 @ 7.0% cap · market cap 66.07%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,239 @ 7.0% cap · market cap 6.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,561
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 38%
Dining 11%
Home Improvements & Furnishings 6%
Grocery Outlet Bargain Market
Groceries
29,519 visits/mo
0.3 miles
Chevron
Shops & Services
14,813 visits/mo
0.5 miles
Jiffy Lube
Shops & Services
7,368 visits/mo
0.5 miles
Bambu Desserts & Drinks
Dining
6,512 visits/mo
0.4 miles
Standard Plumbing Ace Hardware
Home Improvements & Furnishings
4,357 visits/mo
0.4 miles
Demographics for 94121, CA
43,115
Population
19,742
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
17,246
Density / Sq Mi
$138,353
Median Household Income
$74,646
Median Earnings
$2,327
Median Rent
$1,634,600
Median Home Value
Market
Vacancy Rate% for Retail in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Distinctive two-level asset combining an operating restaurant area with an upstairs residential flat near neighborhood retail and amenities.
Where is this mixed-use property located?
The property is located at 3119 Clement Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Mixed‑use property totaling 2,995 sq. ft.; Ground‑floor commercial area of approximately 1,675 sq. ft. plus storage; Restaurant layout includes dining, kitchen, office, restrooms, rear patio, and storage structure
