Industrial Flex Space with
For Sale
$1,450,000
3450 3rd Street #3D, San Francisco, CA 94124
Versatile industrial flex space with modern office loft in San Francisco.
Property Size3,150 SF
Price / SF$460.32
Days on Market405
Property Features for 3450 3rd Street #3D
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Commercial
Amenities
Central air
Ceiling Fan Cooling
Gas Heating
Leased Parking
Off-Site Parking
Building Details
Year Built
1987
Listing Agency:
MARCUS & MILLICHAP
(650) 391-1700
Listed By:
PHILIP BATLIN · License #CA01873218
(415) 625-2189
Source:
Corcoran
Added: Sep 5, 2025
Changed: Aug 24
Last Checked: Oct 4 at 6:36AM
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 flex unit features a versatile layout suitable for owner-users. The property includes a grade-level roll-up door and a 12-foot clear height, accommodating various industrial and flex uses. Approximately 2,600 square feet of warehouse space is available for storage, production, or distribution. The upstairs office loft features modern finishes, with two distinct office suites and a shared common area equipped with a kitchenette, suitable for administrative functions, creative studios, or collaborative work environments. Zoned PDR-2 (Core Production, Distribution, and Repair), the property supports a range of uses, including industrial, office, and retail activities. The property will be delivered vacant, allowing for immediate occupancy or customization.
Key Highlights
- Seller financing available, making ownership easier.
- Versatile Layout: Features a 2,600 sq ft warehouse with grade‑level roll‑up door and 12‑foot clear height.
- Modern Office Loft: Includes two office suites with shared kitchenette.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,617
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,340
$1.6M
Cap Rate 7%
$1,108,814
$1.1M
Cap Rate 9%
$862,411
$862.4K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$138.7K $44.04/SF
− Vacancy
−$35.2K −$11.19/SF
EGI
$103.5K $32.85/SF
− OpEx
−$25.9K −$8.21/SF
NOI
$77.6K $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%
$1,552,340
Cap Rate 7%
$1,108,814
Cap Rate 9%
$862,411
Alternative Uses
Best Use
Office B
$1.11M
$970.2K – $1.29M
NOI $77,617 @ 7.0% cap · market cap 5.35%
Second Best
Warehouse
$929.5K
$813.3K – $1.08M
NOI $65,063 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$15.39M
$13.46M – $17.95M
NOI $1,077,052 @ 7.0% cap · market cap 74.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial flex space with modern office loft in San Francisco.
Where is this flex space located?
The property is located at 3450 3rd Street #3D San Francisco, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Seller financing available, making ownership easier.; Versatile Layout: Features a 2,600 sq ft warehouse with grade‑level roll‑up door and 12‑foot clear height.; Modern Office Loft: Includes two office suites with shared kitchenette.
