Medical Office
For Sale
Contact for pricing
490 Post St, San Francisco, CA 94102
24/7 secured medical/dental building with parking on site and professional management of owners association expenses.
Property Size597 SF
Price / SF$750.42
Days on Market484
Property Features for 490 Post St
General Information
Standard status
Active
Size
597 SF
Property subtype
OFFICE
Listing Agency:
SVN | Capital West Partners
(408) 381-3303
Listed By:
Catherine House, CRE, CCIM, FRICS · License #01327824
(415) 378-8174
Source:
Moodyscre
Added: May 23, 2025
Changed: Sep 12
Last Checked: Sep 18 at 7:58AM
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 SVN | Capital West Partners
Investment Insights
Based on property information with market context.
This medical/dental office building is open 24/7 and includes building security. Owners Association expenses are managed through a professional management company, supporting streamlined day-to-day administration.
The property is described as one of the main medical/dental buildings in San Francisco, with transportation access highlighted by nearby BART and Muni connections. Parking is available in the building with monthly, daily, or hourly options.
Additional parking is supported by multiple parking garages within a block, which can help accommodate staff and patient visits.
The property is described as one of the main medical/dental buildings in San Francisco, with transportation access highlighted by nearby BART and Muni connections. Parking is available in the building with monthly, daily, or hourly options.
Additional parking is supported by multiple parking garages within a block, which can help accommodate staff and patient visits.
Key Highlights
- 24/7 secured medical/dental building with building security
- Professional management company helps manage owners association expenses
- 490 Post is one of the main medical/dental buildings in San Francisco
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
$14,710
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
3.28%
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%
$294,200
$294.2K
Cap Rate 7%
$210,143
$210.1K
Cap Rate 9%
$163,444
$163.4K
Market Conditions
NOI Build-Up for 597 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
$26.3K $44.04/SF
− Vacancy
−$6.7K −$11.19/SF
EGI
$19.6K $32.85/SF
− OpEx
−$4.9K −$8.21/SF
NOI
$14.7K $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 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%
$294,200
Cap Rate 7%
$210,143
Cap Rate 9%
$163,444
Alternative Uses
Best Use
Office B
$210.1K
$183.9K – $245.2K
NOI $14,710 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.92M
$2.55M – $3.40M
NOI $204,127 @ 7.0% cap · market cap 45.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28,510
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Office building - 24/7 secured medical/dental building with parking on site and professional management of owners association expenses.
Where is this office building located?
The property is located at 490 Post St San Francisco, CA.
What is the asking price?
The asking price for this property is $448,000.
What are key features of this property?
This property features: 24/7 secured medical/dental building with building security; Professional management company helps manage owners association expenses; 490 Post is one of the main medical/dental buildings in San Francisco
