Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Industrial Condo in San Francisco Title is generated by Realmo AI

    3450 3rd street san francisco ca, San Francisco, CA 94124

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Functional industrial/office condo with modern amenities and flexible zoning.

    Type:Industrial
    Property size:
    3,150 SF
    Price / SF:
    $460/SF
    Added:
    Aug 28, 2025
    Days on Market:
    257
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 3450 3rd street san francisco ca

    General Information

    Standard status
    Active
    Size
    3,150 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Philip Batlin

    Listing agent Philip Batlin License #CA01873218

    Listing office Marcus & Millichap - San Francisco

    Listing date Aug 28, 2025

    Source Crexi

    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 - San Francisco

    HighLights

    • Prime location in a sought‑after San Francisco industrial hub.
    • Versatile PDR‑2 zoning allows for diverse uses.
    • Move‑in ready condition with vacant possession.
    • Modern office loft with two suites and shared kitchenette.
    • Generous warehouse space: approximately 2,600 square feet.
    • Grade‑level roll‑up door and 12‑foot clear height.

    Overview

    This industrial condominium offers a functional space in San Francisco, suitable for businesses or investors interested in flexible industrial and office properties. The unit features 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 includes contemporary 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, making it suitable for owner-users or investors seeking leasing opportunities. The property, totaling 3,150 square feet, will be delivered vacant, allowing for immediate occupancy or customization.
    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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Limon Rotisserie Catering — 5800 3rd st, san francisco, ca 94124
    • Kawashima's Kitchen — 5800 3rd St c1001, San Francisco, CA 94124
    • Pampa BBQ — 5919 3rd St, San Francisco, CA 94124
    • Ichi Catering — 5919 3rd st, san francisco, ca 94124
    • Left Coast Catering — 1400 Yosemite Ave, San Francisco, CA 94124

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.387798
    Latitude
    37.745729

    Nearby Similar for Sale

    • $875,000
      1,280 SF

      San Francisco Showroom For Sale

      Versatile 1,280 SF showroom in a dynamic San Francisco location.
      637 King Street R1, San Francisco, CA 94107
      View Details
    • $350,000
      2,584 SF

      San Francisco Retail Opportunity

      Retail space in San Francisco's Financial District available for sale.
      617 7th ST, SAN FRANCISCO, CA 94103
      View Details
    • $1,350,000
      1,339 SF

      Corner Retail Property in Mission Dolores

      Well-maintained retail property with long-term leases in prime location.
      3901 18th Street, San Francisco, CA 94114
      View Details
    • $3,750,000
      4,302 SF

      Mixed-Use Property in Mission District

      Well-maintained mixed-use property with retail and residential units in San Francisco.
      3265 22nd Street, San Francisco, CA 94110
      View Details
    • $18,000,000
      3,356 SF

      San Francisco Mixed-Use Trophy Asset

      Rare mixed-use property with income and residential development potential.
      3516-3518 Sacramento Street, San Francisco, CA 94118
      View Details
    • $3,800,000
      3,353 SF

      Eureka Valley Multi-Family Investment

      Three-unit building in San Francisco's desirable Eureka Valley neighborhood.
      130 Grand View AVE, San Francisco, CA 94114
      View Details
    • $599,000
      1,230 SF

      Prime Office Condo with Views

      Fifth-floor office condo with city views and flexible layout.
      203 Willow Street unit: 503, San Francisco, CA 94109
      View Details
    • $998,000
      3,293 SF

      1190 Shafter Avenue

      3,294 SF light industrial building in San Francisco's Bayview district.
      1190 Shafter Ave, San Francisco, CA 94124
      View Details
    • $3,795,000
      8,250 SF

      Outer Sunset Development Opportunity

      Two adjacent parcels in high-demand Outer Sunset neighborhood.
      1385 46th Avenue, San Francisco, CA 94122
      View Details
    • $999,000
      1,997 SF

      Castro District Commercial Condo

      Versatile commercial condo in San Francisco's vibrant Castro District.
      4071 18th St, San Francisco, CA 94114
      View Details
    • $3,700,000
      5,088 SF

      Russian Hill Multifamily Investment Opportunity

      Six-unit apartment building in Russian Hill with potential for individual sale.
      1316-1326 Vallejo Street, San Francisco, CA 94109
      View Details
    • $3,795,000
      8,250 SF

      Outer Sunset Development Opportunity

      Two parcels near Ocean Beach with development potential.
      4110 Judah Street, San Francisco, CA 94122
      View Details

    FAQs

    What type of property is this?
    Flex space - Functional industrial/office condo with modern amenities and flexible zoning.
    Where is this flex space located?
    The property is located at 3450 3rd street san francisco ca 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: Prime location in a sought‑after San Francisco industrial hub.; Versatile PDR‑2 zoning allows for diverse uses.; Move‑in ready condition with vacant possession.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Philip Batlin
    Real Estate License ID: CA01873218
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3450 3rd street san francisco ca, san francisco, CA 94124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!