Listing Agency: Maven Properties | San Francisco Show Phone

Listed By: Dominic Morbidelli · License #02024348 Show Phone

Source: Moodyscre

Added: Oct 30 Last Checked: Oct 30 at 3:20PM

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Investment Insights

Based on property information with market context.

This 11,800-square-foot office building features sawtooth ceilings, substantial natural light and custom furnishings. Interior design is credited to Ken Fulk. The building is fully leased, with potential for future owner occupancy, and C-3-S zoning permits live/work use.

The property is within walking distance of Downtown, Union Square, Moscone Center, Yerba Buena Gardens and SFMOMA. Access to BART, MUNI, I-80 and Highway 101 is available, with freeway access via 5th Street.

Key Highlights

• 11,800‑square‑foot office building
• Fully leased, with future owner‑user potential
• C‑3‑S zoning permits live/work use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$290,756

Cap Rate

2.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,815,120 $5.8M

Cap Rate 7%

$4,153,657 $4.2M

Cap Rate 9%

$3,230,622 $3.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,800 SF

Gross rent

$519.7K $44.04/SF

− Vacancy

−$132.0K −$11.19/SF

EGI

$387.7K $32.85/SF

− OpEx

−$96.9K −$8.21/SF

NOI

$290.8K $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%

$5,815,120

Cap Rate 7%

$4,153,657

Cap Rate 9%

$3,230,622

Alternative Uses

Best Use

Office B

$4.15M

$3.63M – $4.85M (±1% cap)

NOI $290,756 @ 7.0% cap · market cap 2.92%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$57.64M

$50.43M – $67.24M (±1% cap)

NOI $4,034,671 @ 7.0% cap · market cap 40.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Monkey Inferno Inc. (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Buffet Clothing & Fashion Store Tanning Salon Fish Market Pet Grooming Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

13,936

Businesses Nearby

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

5.4% 2019

15.8% 2020

18.5% 2021

24.1% 2022

32.5% 2023

34.2% 2024

33.1% 2025

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Frequently Asked Questions

What type of property is this?

Office building - C-3-S zoning permits live/work use, and the property is fully leased.

Where is this office building located?

The property is located at 387 Tehama St San Francisco, CA.

What is the asking price?

The asking price for this property is $9,950,000.

What are key features of this property?

This property features: 11,800‑square‑foot office building; Fully leased, with future owner‑user potential; C‑3‑S zoning permits live/work use