Versatile Industrial Condo with
3450 3rd St 3D San Francisco, CA 94124
3450 3rd St 3D, San Francisco, CA, 94124
$1,350,000
For Sale
$1,350,000
Industrial condo with warehouse and office space in San Francisco.
Property Size3,150 SF
Price / SF$428.57
Days on Market85
Property Features for 3450 3rd St 3D
General Information
- Standard status
- Active
- Size
- 3,150 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing Agency
Marcus & Millichap
(415) 625-2189
Listed by
Philip Batlin
(415) 625-2189
Source
Elliman
Added: Apr 24 Checked: Jul 4 at 9:28 pm
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This industrial condominium offers a functional space in San Francisco, suitable for businesses or investors. The property includes approximately 3,150 square feet of open warehouse space featuring a grade-level roll-up door and a 12-foot clear height. A modern second-floor office loft complements the warehouse space, equipped with two private offices, an open workspace, and a kitchenette. The layout supports owner-user or multi-tenant configurations. Zoned PDR-2, the property allows for industrial, office, and select retail uses. The unit will be delivered vacant, offering immediate occupancy or customization. The location is a Biker's Paradise with a bike score of 100, a Walker's Paradise with a walk score of 99, and has excellent transit with a transit score of 83.
Key Highlights
- Prime San Francisco location with excellent walk, bike, and transit scores (Walk Score 99, Bike Score 100, Transit Score 83).
- Flexible PDR‑2 zoning allows for industrial, office, and select retail uses.
- Approximately 3,150 SF of open warehouse space with a grade‑level roll‑up door and 12' clear height.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.1k | $27.00 |
| − Vacancy | −$8.5k | −$2.70 |
| EGI | $76.5k | $24.30 |
| − OpEx | −$11.5k | −$3.65 |
| NOI | $65.1k | $20.66 |
3,150 SF · lease $27.00/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$929.5K
$813.3K – $1.08M
NOI $65,063 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$765.5K
$669.8K – $893.0K
NOI $53,582 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$15.39M
$13.46M – $17.95M
NOI $1,077,052 @ 7.0% cap · market cap 79.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Reliant | Rebuild • Repair ...
Auto Repair Shop
Bayview Child Health ...
Pediatrician
Homeless Children's Network
Social Service Agency
Dane Burgess Strength ...
Gym & Fitness Center
WRENCH ARMY
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- ChiliCali Indonesian Food — 4100 3rd St, San Francisco, CA 94124
- SF FOOD MARKET — 4614 3rd St, San Francisco, CA 94124
- Christopher's Fine Catering — 1643 Jerrold Ave, San Francisco, CA 94124
- Cook Express — 1925 jerrold ave, san francisco, ca 94124
- Bernal BBQ — 1534 Newcomb Ave, San Francisco, CA 94124
FAQs
What type of property is this?
Flex space - Industrial condo with warehouse and office space in San Francisco.
Where is this flex space located?
The property is located at 3450 3rd St 3D San Francisco, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime San Francisco location with excellent walk, bike, and transit scores (Walk Score 99, Bike Score 100, Transit Score 83).; Flexible PDR‑2 zoning allows for industrial, office, and select retail uses.; Approximately 3,150 SF of open warehouse space with a grade‑level roll‑up door and 12' clear height.
