Versatile Industrial Condo with
For Sale
$1,350,000
3450 3rd St 3D, San Francisco, CA 94124
Industrial condo with warehouse and office space in San Francisco.
Property Size3,150 SF
Price / SF$428.57
Days on Market101
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 · License #01873218
(415) 625-2189
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 4 at 9:28PM
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.
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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
