Mixed-Use Property With Retail
For Sale
$1,200,000
4871 Mission ST, San Francisco, CA 94112
Residential Income (2-4 units), SAN FRANCISCO, CA
Property Size3,075 SF
Lot Size0.05 Acres
Price / SF$390.24
Days on Market52
Property Features for 4871 Mission ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NC3
Bedrooms
3
Rooms
Bedroom 3, Bedroom 1, Bedroom 2
Parking features
None
Interior features
Skylight
Appliances
Oven Range - Electric, Refrigerator, Skylight
Subdivision
10 - Excelsior
Standard status
Active
Size
3,075 SF
Lot size
0.05 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
solar electrical system
separate utility meters
Building Details
Year built
1922
Number of units
3
Flooring type
Tile, Laminate
Roof type
Composition
Listing Agency:
Intero Real Estate Services
(650) 931-8300
Listed By:
Gwen Chua · License #01872702
(650) 255-1511
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 29 at 2:06AM
MLS# ML82011297
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,075 square feet on a 0.0479-acre lot, with retail space occupying the ground floor and multiple residential apartments above. Large storefront windows provide the commercial component with street-facing display area, while a separate 2-bedroom, 1-bath owner’s unit is positioned behind the retail space. The apartments are fully leased, and the property includes separate utility meters, a solar electrical system, and low-maintenance finishes.
Built in 1922, the building has tile and laminate flooring, electric heating, a composition roof, public water service, and a skylight. The property is zoned NC3 and is located at 4871 Mission ST in San Francisco, CA 94112. On-site parking is not provided.
Built in 1922, the building has tile and laminate flooring, electric heating, a composition roof, public water service, and a skylight. The property is zoned NC3 and is located at 4871 Mission ST in San Francisco, CA 94112. On-site parking is not provided.
Key Highlights
- 3,075‑square‑foot mixed‑use property on a 0.0479‑acre lot
- Ground‑floor retail space with large storefront windows
- Multiple fully leased residential apartments above the commercial unit
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
$62,269
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
5.19%
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%
$1,245,380
$1.2M
Cap Rate 7%
$889,557
$889.6K
Cap Rate 9%
$691,878
$691.9K
Market Conditions
NOI Build-Up for 3,075 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
$110.7K $36.00/SF
− Vacancy
−$11.1K −$3.60/SF
EGI
$99.6K $32.40/SF
− OpEx
−$37.4K −$12.15/SF
NOI
$62.3K $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%
$1,245,380
Cap Rate 7%
$889,557
Cap Rate 9%
$691,878
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.06M
NOI $123,855 @ 7.0% cap · market cap 10.32%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,197 @ 7.0% cap · market cap 9.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,847
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in West region
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 - NC3-zoned property combines ground-floor commercial space with leased apartments and a separate owner’s unit.
Where is this mixed-use property located?
The property is located at 4871 Mission ST San Francisco, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,075‑square‑foot mixed‑use property on a 0.0479‑acre lot; Ground‑floor retail space with large storefront windows; Multiple fully leased residential apartments above the commercial unit
