Creative Office-Flex
For Sale
Contact for pricing
363 Clementina Street, San Francisco, CA 94103
Two-story, light-filled creative office/flex building with a drive-in roll-up door and substantial three-phase power.
Property Size11,200 SF
Price / SF$482.14
Days on Market130
Property Features for 363 Clementina Street
General Information
Standard status
Active
Size
11,200 SF
Property subtype
Industrial
Investment Type
Owner/User
Net Operating Income
$374,156
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Touchstone Commercial Partners
Listed By:
Zach Haupert · License #CA 01822907
(415) 539-1121
Source:
Crexi
Added: Apr 29
Changed: Aug 23
Last Checked: Aug 29 at 7:24PM
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 Touchstone Commercial Partners
Investment Insights
Based on property information with market context.
The offering includes the fee simple interest in a two-story creative office/flex building totaling approximately 11,200 square feet. The space is described as highly improved and light-filled, with strong office buildout across both floors. Interior features include multiple meeting and conference rooms, board rooms, and kitchen/break areas on each level. The building also includes a glass-paneled drive-in roll-up door, five restrooms and one shower, and 2,000 amps of three-phase power.
The property is positioned for commuter access, with close proximity to BART, CalTrain, and MUNI.
The second floor is leased, while the remainder is vacant, creating a mix of leased and vacant space for buyers or tenants considering a range of acquisition strategies. The property is also noted as move-in ready for immediate tenant occupancy where vacant space is available.
The property is positioned for commuter access, with close proximity to BART, CalTrain, and MUNI.
The second floor is leased, while the remainder is vacant, creating a mix of leased and vacant space for buyers or tenants considering a range of acquisition strategies. The property is also noted as move-in ready for immediate tenant occupancy where vacant space is available.
Key Highlights
- Approximately 11,200 SF two‑story creative office/flex building at 363 Clementina Street, San Francisco, CA 94107
- Strong office buildout across two floors with multiple meeting and conference rooms, board room, and kitchen/break areas on each level
- Light‑filled space with high ceilings and multiple windows for natural light throughout
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
$275,972
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
5.11%
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%
$5,519,440
$5.5M
Cap Rate 7%
$3,942,457
$3.9M
Cap Rate 9%
$3,066,356
$3.1M
Market Conditions
NOI Build-Up for 11,200 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
$493.2K $44.04/SF
− Vacancy
−$125.3K −$11.19/SF
EGI
$368.0K $32.85/SF
− OpEx
−$92.0K −$8.21/SF
NOI
$276.0K $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%
$5,519,440
Cap Rate 7%
$3,942,457
Cap Rate 9%
$3,066,356
Alternative Uses
Best Use
Office B
$3.94M
$3.45M – $4.60M
NOI $275,972 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$2.72M
$2.38M – $3.18M
NOI $190,512 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$54.71M
$47.87M – $63.83M
NOI $3,829,518 @ 7.0% cap · market cap 70.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
19,614
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Market
Vacancy Rate% for Office in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story, light-filled creative office/flex building with a drive-in roll-up door and substantial three-phase power.
Where is this flex space located?
The property is located at 363 Clementina Street San Francisco, CA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Approximately 11,200 SF two‑story creative office/flex building at 363 Clementina Street, San Francisco, CA 94107; Strong office buildout across two floors with multiple meeting and conference rooms, board room, and kitchen/break areas on each level; Light‑filled space with high ceilings and multiple windows for natural light throughout
