Medical Office Unit in High-Density
For Sale
Contact for pricing
490 Post St, San Francisco, CA 94102
Office unit in a major medical/dental building with 24/7 access, security, and paid parking options.
Property Size1,594 SF
Price / SF$814.30
Days on Market64
Property Features for 490 Post St
General Information
Standard status
Active
Size
1,594 SF
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Listing Agency:
SVN | Capital West Partners
(408) 381-3303
Listed By:
Catherine House, CRE, CCIM, FRICS · License #01327824
(415) 378-8174
Source:
Moodyscre
Added: Jul 14
Changed: Sep 2
Last Checked: Sep 15 at 11:51AM
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 office unit is located within a major medical/dental building and offers 24/7 access with building security. The property also includes professional management to help owners manage Owners Association expenses.
Transportation access is supported by nearby BART and Muni service. Parking is available in the building with monthly, daily, or hourly payment options, and multiple parking garages are located within a block.
Positioned as part of the medical cluster associated with 490 Post, the space is suited for professional office and medical office uses within a secure, managed environment.
Transportation access is supported by nearby BART and Muni service. Parking is available in the building with monthly, daily, or hourly payment options, and multiple parking garages are located within a block.
Positioned as part of the medical cluster associated with 490 Post, the space is suited for professional office and medical office uses within a secure, managed environment.
Key Highlights
- 24/7 building access with building security
- Office unit in a major medical/dental building at 490 Post—one of San Francisco’s main medical/dental buildings
- Professional management company helps manage Owners Association expenses
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
$39,277
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
3.03%
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%
$785,540
$785.5K
Cap Rate 7%
$561,100
$561.1K
Cap Rate 9%
$436,411
$436.4K
Market Conditions
NOI Build-Up for 1,594 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
$70.2K $44.04/SF
− Vacancy
−$17.8K −$11.19/SF
EGI
$52.4K $32.85/SF
− OpEx
−$13.1K −$8.21/SF
NOI
$39.3K $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%
$785,540
Cap Rate 7%
$561,100
Cap Rate 9%
$436,411
Alternative Uses
Best Use
Office B
$561.1K
$491.0K – $654.6K
NOI $39,277 @ 7.0% cap · market cap 3.03%
Second Best
Healthcare Medical
$432.8K
$378.7K – $505.0K
NOI $30,299 @ 7.0% cap · market cap 2.33%
Theoretical Best
Specialty Retail
$7.79M
$6.81M – $9.08M
NOI $545,022 @ 7.0% cap · market cap 41.99%
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
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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 units - Office unit in a major medical/dental building with 24/7 access, security, and paid parking options.
Where is this office units located?
The property is located at 490 Post St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: 24/7 building access with building security; Office unit in a major medical/dental building at 490 Post—one of San Francisco’s main medical/dental buildings; Professional management company helps manage Owners Association expenses
