Medical Office Suite with Natural
For Sale
$480,000
490 Post Street #1244, San Francisco, CA 94102
Office or medical use with an operable window, building security, and professionally managed common expenses.
Property Size549 SF
Price / SF$874.32
Days on Market10
Property Features for 490 Post Street #1244
General Information
Standard status
Active
Size
549 SF
Net Rentable
549 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Amenities
operable window
24/7 access with building security
BART Nearby
City Lot
Hotel/Motel Nearby
Near Public Transit
Shopping Nearby
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
CATHERINE HOUSE, BROKER
(415) 378-8174
Listed By:
CATHERINE E HOUSE
Source:
Corcoran
Added: Aug 13
Changed: Aug 22
Last Checked: Aug 22 at 7:49AM
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 CATHERINE HOUSE, BROKER
Investment Insights
Based on property information with market context.
This 549 RSF office suite is located at 490 Post Street in San Francisco’s Union Square area. The space faces Nob Hill and includes an operable window that provides natural light. It is suited for office or medical office use within a building established in 1925.
Building services include 24/7 security, professional Owners Association management, and monthly dues covering utilities and janitorial expenses. Parking is available within the building on a monthly basis, with multiple parking garages located within a block. The property also benefits from access to BART and Muni service at Powell Street.
Building services include 24/7 security, professional Owners Association management, and monthly dues covering utilities and janitorial expenses. Parking is available within the building on a monthly basis, with multiple parking garages located within a block. The property also benefits from access to BART and Muni service at Powell Street.
Key Highlights
- 549 RSF medical office space at 490 Post Street #1244
- Operable window with natural light and Nob Hill‑facing exposure
- Office or medical office use
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
$13,528
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
2.82%
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%
$270,560
$270.6K
Cap Rate 7%
$193,257
$193.3K
Cap Rate 9%
$150,311
$150.3K
Market Conditions
NOI Build-Up for 549 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
$24.2K $44.04/SF
− Vacancy
−$6.1K −$11.19/SF
EGI
$18.0K $32.85/SF
− OpEx
−$4.5K −$8.21/SF
NOI
$13.5K $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%
$270,560
Cap Rate 7%
$193,257
Cap Rate 9%
$150,311
Alternative Uses
Best Use
Office B
$193.3K
$169.1K – $225.5K
NOI $13,528 @ 7.0% cap · market cap 2.82%
Second Best
Healthcare Medical
$149.1K
$130.4K – $173.9K
NOI $10,435 @ 7.0% cap · market cap 2.17%
Theoretical Best
Specialty Retail
$2.68M
$2.35M – $3.13M
NOI $187,715 @ 7.0% cap · market cap 39.11%
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
28,510
Businesses Nearby
Under-served
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 Office in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office or medical use with an operable window, building security, and professionally managed common expenses.
Where is this medical office space located?
The property is located at 490 Post Street #1244 San Francisco, CA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 549 RSF medical office space at 490 Post Street #1244; Operable window with natural light and Nob Hill‑facing exposure; Office or medical office use
