Mixed-Use Building with
New
For Sale
$1,098,000
4837 Mission Street #4835, San Francisco, CA 94112
Two one-bedroom apartments occupy the upper floor above a ground-level commercial space.
Property Size2,808 SF
Price / SF$391.03
Days on Market4
Property Features for 4837 Mission Street #4835
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Commercial
Amenities
Wall Furnace Heating
Building Details
Year Built
1949
Listing Agency:
KUIPER REAL ESTATE TEAM CORP
(650) 636-3133
Listed By:
DOOSIK LEE · License #01838306
Source:
Corcoran
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:00PM
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 KUIPER REAL ESTATE TEAM CORP
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 2,808 square feet, with two one-bedroom apartments above a ground-floor commercial space. Approximately 1,200 square feet is estimated to be vacant retail area. The space was associated with a cannabis dispensary business under the previous owner; any license arrangement would be negotiated with that owner.
The building is on Mission Street in San Francisco’s Excelsior District, along a major commercial corridor. Public transportation serves the area, and nearby amenities include restaurants, bars, grocery markets, shops, Balboa Park, and Crocker-Amazon. The property was built in 1949.
The building is on Mission Street in San Francisco’s Excelsior District, along a major commercial corridor. Public transportation serves the area, and nearby amenities include restaurants, bars, grocery markets, shops, Balboa Park, and Crocker-Amazon. The property was built in 1949.
Key Highlights
- 2,808‑square‑foot, two‑story mixed‑use building
- Two one‑bedroom apartments above ground‑floor commercial space
- Approximately 1,200 square feet of estimated vacant retail area
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
$56,862
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
5.18%
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%
$1,137,240
$1.1M
Cap Rate 7%
$812,314
$812.3K
Cap Rate 9%
$631,800
$631.8K
Market Conditions
NOI Build-Up for 2,808 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
$101.1K $36.00/SF
− Vacancy
−$10.1K −$3.60/SF
EGI
$91.0K $32.40/SF
− OpEx
−$34.1K −$12.15/SF
NOI
$56.9K $20.25/SF
Area
ZIP 94112
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,137,240
Cap Rate 7%
$812,314
Cap Rate 9%
$631,800
Alternative Uses
Best Use
Mixed Use
$812.3K
$710.8K – $947.7K
NOI $56,862 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$741.3K
$648.7K – $864.9K
NOI $51,892 @ 7.0% cap · market cap 4.73%
Theoretical Best
Multifamily LT 5
$1.62M
$1.41M – $1.89M
NOI $113,101 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,847
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 36%
Dining 17%
Electronics 5%
Safeway
Groceries
50,358 visits/mo
0.1 miles
Wells Fargo
Shops & Services
12,652 visits/mo
0.2 miles
Bank of America
Shops & Services
12,005 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
11,859 visits/mo
0.4 miles
Shell
Shops & Services
9,551 visits/mo
0.4 miles
Demographics for 94112, CA
79,314
Population
24,530
Households
3.2
Avg Household Size
42
Median Age
36%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
24,035
Density / Sq Mi
$130,906
Median Household Income
$55,744
Median Earnings
$2,326
Median Rent
$1,159,600
Median Home Value
Market
Vacancy Rate% for Retail in San Francisco, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two one-bedroom apartments occupy the upper floor above a ground-level commercial space.
Where is this mixed-use property located?
The property is located at 4837 Mission Street #4835 San Francisco, CA.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: 2,808‑square‑foot, two‑story mixed‑use building; Two one‑bedroom apartments above ground‑floor commercial space; Approximately 1,200 square feet of estimated vacant retail area
