Building Details

Building Size 8,140 SF

Year Built 1938

Buildings 1

Listing Agency: Touchstone Commercial Partners Inc.

Listed By: Robert Mann · License #01112906 Show Phone

Source: Adelaidamejiasf

Added: Oct 1 Changed: Oct 16 Last Checked: Oct 16 at 1:46PM

Report an Issue

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 Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex property is a standalone commercial building with a broad, open interior and high ceilings. Constructed in 1938, it offers a flexible floor plan suited to a range of commercial uses, including retail, personal services, entertainment, public facilities, and design professionals.

The property is at 440 Ellis Street in San Francisco, with BART and light rail access nearby. Parking garages are located within one block.

Key Highlights

• Standalone commercial building with an open interior
• Built in 1938
• High ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$138,461

Cap Rate

6.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,769,220 $2.8M

Cap Rate 7%

$1,978,014 $2.0M

Cap Rate 9%

$1,538,456 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,140 SF

Gross rent

$219.8K $27.00/SF

− Vacancy

−$22.0K −$2.70/SF

EGI

$197.8K $24.30/SF

− OpEx

−$59.3K −$7.29/SF

NOI

$138.5K $17.01/SF

Area

San Francisco, CA

Vacancy

10.00%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,769,220

Cap Rate 7%

$1,978,014

Cap Rate 9%

$1,538,456

Alternative Uses

Best Use

Retail

$37.11M

$32.47M – $43.29M (±1% cap)

NOI $2,597,690 @ 7.0% cap · market cap 120.82%

Second Best

Industrial

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,461 @ 7.0% cap · market cap 6.44%

Theoretical Best

Specialty Retail

$39.76M

$34.79M – $46.39M (±1% cap)

NOI $2,783,239 @ 7.0% cap · market cap 129.45%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Mandal Hall Temple

Suggested Use

Top Pick Carpet & Flooring Store Buffet Clothing & Fashion Store Pet Grooming Service Tanning Salon 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.

Location Intelligence

Trade Area within ½ mile

19,853

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 94102, CA

39,432

Population

23,153

Households

1.7

Avg Household Size

40

Median Age

42%

College-Educated

81%

High-School Grad

0.7 sq mi

ZIP Area

56,331

Density / Sq Mi

$64,781

Median Household Income

$55,873

Median Earnings

$1,517

Median Rent

$996,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Industrial Office Flex Building

95 Boutwell St, San Francisco, CA 94124

$2,450,000

8,480 SF

View details

Four-Unit Retail Building with Former Restaurant

522 Grant Avenue, San Francisco, CA 94108

$2,500,000

View details

3-Story Mixed-Use Commercial Building

877 Bryant Street, San Francisco, CA 94103

$2,500,000

6,900 SF

View details

Flex Warehouse with Open-Plan Layout

934 Larkin Street, San Francisco, CA 94109

$1,895,000

View details

Inner Richmond Retail Property

1014 Clement Street, San Francisco, CA 94118

$2,100,000

View details

10-Unit Mixed-Use Building

San Francisco, CA 94117

$3,400,000

9,050 SF

View details

West SOMA Office/Flex Building

449 10th Street, San Francisco, CA 94103

$3,400,000

9,090 SF

View details

Mixed-Use Building with Ground Retail

750-754 Pacific Avenue, San Francisco, CA 94133

$2,250,000

12,222 SF

View details

Mixed-Use Building with Retail

1786-1790 Haight Street, San Francisco, CA 94117

$2,000,000

5,340 SF

View details

Two-Story Commercial Building

729 Bush Street, San Francisco, CA 94108

$2,795,000

5,072 SF

View details

Industrial Flex Building with Studio

2014 Oakdale Avenue, San Francisco, CA 94124

$1,749,000

4,860 SF

View details

Three-Unit Mixed-Use Property

5527 Geary Boulevard, San Francisco, CA 94121

$2,000,000

4,221 SF

View details

Similar Off Market Nearby

• Pistachio Catering — 1535 Franklin St Suite 1, San Francisco, CA 94109
• Work of Art Catering & Event Production — 1226 Folsom St, San Francisco, CA 94103
• Colombian’s Food Factory — 1233 Folsom St, San Francisco, CA 94103
• Bay Of Burma — 1174 Folsom St Unit B, San Francisco, CA 94103
• Small Potatoes Catering & Events — 525 7th St, San Francisco, CA 94103

Frequently Asked Questions

What type of property is this?

Flex space - Tall ceilings and an expansive interior provide adaptable commercial space.

Where is this flex space located?

The property is located at 440 Ellis Street San Francisco, CA.

What is the asking price?

The asking price for this property is $2,150,000.

What are key features of this property?

This property features: Standalone commercial building with an open interior; Built in 1938; High ceilings