Office Condo Suite with
For Sale
$248,000
406-950 Stockton St, San Francisco, CA 94108
Move-in condition office condo features a large open area, two private offices, and a private en-suite bath.
Property Size824 SF
Price / SF$300.97
Days on Market144
Property Features for 406-950 Stockton St
General Information
Standard status
Active
Size
824 SF
Listing Agency:
Andersen, Jung & Co.
(415) 397-1966
Listed By:
Monica H. Chung · License #01079185
(415) 699-0843
Source:
Exprealty
Added: Jun 1
Changed: Oct 12
Last Checked: Oct 20 at 11:40PM
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 Andersen, Jung & Co.
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Investment Insights
Based on property information with market context.
Move-in condition interior office condo at Mandarin Towers offering a large open area plus two smaller offices, along with a private en-suite bath. The suite is well-suited for a range of professional office uses, and it can be purchased separately or together with adjacent Unit #407.
Public transit convenience is a key aspect of the setting, with the Mandarin Towers located just across from the new Chinatown Metro station. The property is also described as just minutes from Union Square, FiDi, North Beach, and Nob Hill.
Public transit convenience is a key aspect of the setting, with the Mandarin Towers located just across from the new Chinatown Metro station. The property is also described as just minutes from Union Square, FiDi, North Beach, and Nob Hill.
Key Highlights
- Move‑in condition office condo with a large open area, two private offices, and a private en‑suite bath
- Private office layout includes 2 smaller offices in addition to the main open work area
- Adjacent Unit #407 also available; both units can be purchased together or separately (MLS#424012827, MLS#424012829)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,304
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,080
$406.1K
Cap Rate 7%
$290,057
$290.1K
Cap Rate 9%
$225,600
$225.6K
Market Conditions
NOI Build-Up for 824 SF
Gross rent
$36.3K $44.04/SF
− Vacancy
−$9.2K −$11.19/SF
EGI
$27.1K $32.85/SF
− OpEx
−$6.8K −$8.21/SF
NOI
$20.3K $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%
$406,080
Cap Rate 7%
$290,057
Cap Rate 9%
$225,600
Alternative Uses
Best Use
Office B
$290.1K
$253.8K – $338.4K
NOI $20,304 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.02M
$3.52M – $4.70M
NOI $281,743 @ 7.0% cap · market cap 113.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31,653
Businesses Nearby
Explore this area
Business Placement
Demographics for 94108, CA
13,097
Population
7,730
Households
1.7
Avg Household Size
42
Median Age
45%
College-Educated
76%
High-School Grad
0.3 sq mi
ZIP Area
43,657
Density / Sq Mi
$63,864
Median Household Income
$53,617
Median Earnings
$1,562
Median Rent
$1,207,500
Median Home Value
Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Office unit - Move-in condition office condo features a large open area, two private offices, and a private en-suite bath.
Where is this office unit located?
The property is located at 406-950 Stockton St San Francisco, CA.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Move‑in condition office condo with a large open area, two private offices, and a private en‑suite bath; Private office layout includes 2 smaller offices in addition to the main open work area; Adjacent Unit #407 also available; both units can be purchased together or separately (MLS#424012827, MLS#424012829)
