Mixed-Use Commercial Building with
423 Valencia Street, San Francisco, CA 94103
For Sale
$5,500,000
Under Contract
Commercial Sale, San Francisco, CA
Property Size8,700 SF
Lot Size0.10 Acres
Price / SF$632.18
Days on Market180
Property Features for 423 Valencia Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking
Security features
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Compass
(415) 660-9955
Listed By:
Burton Louie · License #01231888
(415) 794-4506
Added: May 13
Changed: Oct 26
Last Checked: Nov 8 at 12:06AM
MLS# 426139745
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use commercial property at 423 Valencia Street contains 8,700 square feet of building space on a 0.0964-acre lot. Built in 1910, the structure features concrete construction, concrete flooring, a metal roof, three bathrooms, and connections to public water and public sewer. The scale and configuration support a range of commercial applications, including retail, showroom, creative office, gallery, design, and experiential space.
The property sits along Valencia Street in San Francisco's Mission area, with curbside parking and direct urban street access. Its setting places the building among restaurants, retailers, technology firms, and creative businesses, with pedestrian activity and visibility described along the corridor. The address is 423 Valencia Street, San Francisco, CA 94103.
The property sits along Valencia Street in San Francisco's Mission area, with curbside parking and direct urban street access. Its setting places the building among restaurants, retailers, technology firms, and creative businesses, with pedestrian activity and visibility described along the corridor. The address is 423 Valencia Street, San Francisco, CA 94103.
Key Highlights
- 8,700 SF mixed‑use commercial building on a 0.0964‑acre lot
- Curbside parking along Valencia Street
- Concrete construction with concrete flooring and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,371
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,287,420
$4.3M
Cap Rate 7%
$3,062,443
$3.1M
Cap Rate 9%
$2,381,900
$2.4M
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$383.1K $44.04/SF
− Vacancy
−$97.3K −$11.19/SF
EGI
$285.8K $32.85/SF
− OpEx
−$71.5K −$8.21/SF
NOI
$214.4K $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%
$4,287,420
Cap Rate 7%
$3,062,443
Cap Rate 9%
$2,381,900
Alternative Uses
Best Use
Retail
$39.66M
$34.71M – $46.27M
NOI $2,776,401 @ 7.0% cap · market cap 50.48%
Second Best
Office B
$3.06M
$2.68M – $3.57M
NOI $214,371 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$42.50M
$37.18M – $49.58M
NOI $2,974,715 @ 7.0% cap · market cap 54.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,631
Businesses Nearby
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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
$1,057,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in San Francisco, CA
Properties on Market for Mixed-use properties in San Francisco
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible urban commercial space with concrete construction, public utilities, and curbside parking along Valencia Street.
Where is this mixed-use property located?
The property is located at 423 Valencia Street San Francisco, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 8,700 SF mixed‑use commercial building on a 0.0964‑acre lot; Curbside parking along Valencia Street; Concrete construction with concrete flooring and a metal roof
