Two-Unit Mixed-Use Property with
For Sale
$2,450,000
3230 Scott, San Francisco, CA 94123
Fully leased two-unit property with ground-floor retail and office/residential space above in San Francisco’s Marina District.
Property Size3,599 SF
Days on Market103
Property Features for 3230 Scott
General Information
Standard status
Active
Size
3,599 SF
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Cap Rate
4.42%
Building Details
Building Size
3,599 SF
Stories
2
Listing Agency:
KW Executive
(626) 872-2207
Listed By:
Austin Ng · License #02242781
Source:
Realestatenovo
Added: May 13
Changed: Aug 23
Last Checked: Aug 22 at 4:02AM
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 KW Executive
Investment Insights
Based on property information with market context.
3230-3232 Scott Street is a two-unit mixed-use commercial property featuring ground-floor storefront retail with office and/or residential space above. The asset is offered on a fee simple basis and is fully leased.
Located in San Francisco’s Marina District, “West of Van Ness,” the building is positioned in a high-demand, walkable area with retail and residential demand. The current income totals $156,600 annually, and the property includes built-in annual rent escalations. Leases extend into 2028 and 2026, providing long-term tenancy.
The seller’s materials indicate an estimated NOI of $108,279 and a 4.42% cap rate. For additional details on income, leases, and terms, please see the OM in supplements.
Located in San Francisco’s Marina District, “West of Van Ness,” the building is positioned in a high-demand, walkable area with retail and residential demand. The current income totals $156,600 annually, and the property includes built-in annual rent escalations. Leases extend into 2028 and 2026, providing long-term tenancy.
The seller’s materials indicate an estimated NOI of $108,279 and a 4.42% cap rate. For additional details on income, leases, and terms, please see the OM in supplements.
Key Highlights
- Fee simple interest in a two‑unit mixed‑use property at 3230‑3232 Scott Street in San Francisco’s Marina District.
- Mixed‑use layout with ground‑floor storefront retail and residential/commercial office space above.
- Fully leased with annual rental income of $156,600 and built‑in rent escalations.
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
$88,681
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
3.62%
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%
$1,773,620
$1.8M
Cap Rate 7%
$1,266,871
$1.3M
Cap Rate 9%
$985,344
$985.3K
Market Conditions
NOI Build-Up for 3,599 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
$158.5K $44.04/SF
− Vacancy
−$40.3K −$11.19/SF
EGI
$118.2K $32.85/SF
− OpEx
−$29.6K −$8.21/SF
NOI
$88.7K $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%
$1,773,620
Cap Rate 7%
$1,266,871
Cap Rate 9%
$985,344
Alternative Uses
Best Use
Retail
$16.41M
$14.36M – $19.14M
NOI $1,148,536 @ 7.0% cap · market cap 46.88%
Second Best
Office B
$1.27M
$1.11M – $1.48M
NOI $88,681 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$17.58M
$15.38M – $20.51M
NOI $1,230,575 @ 7.0% cap · market cap 50.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
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 - Fully leased two-unit property with ground-floor retail and office/residential space above in San Francisco’s Marina District.
Where is this mixed-use property located?
The property is located at 3230 Scott San Francisco, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Fee simple interest in a two‑unit mixed‑use property at 3230‑3232 Scott Street in San Francisco’s Marina District.; Mixed‑use layout with ground‑floor storefront retail and residential/commercial office space above.; Fully leased with annual rental income of $156,600 and built‑in rent escalations.
