Four-Operatory Dental
New
For Sale
$748,000
490 Post Street Suite 404, San Francisco, CA 94102
Medical condominium with flexible office use, operable windows, and abundant natural light in a transit-connected commercial setting.
Property Size880 SF
Days on Market2
Property Features for 490 Post Street Suite 404
General Information
Standard status
Active
Size
880 SF
Class
B
Property subtype
Office - Medical Office
Additional Details
Business Included
Yes
Public Transit
Yes
Building Details
Building Size
880 SF
Year Built
1925
Year Renovated
2009
Listing Agency:
SVN | Capital West Partners
Listed By:
Catherine House · License #DRE01990180
Source:
Commercialcafe
Added: Sep 1
Last Checked: Sep 1 at 9:26PM
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 office condominium is configured as a four-operatory dental suite within the 490 Post Street building, constructed in 1925. Operable windows bring natural light into the suite, while the property’s condominium format supports ownership of a dedicated professional office location. Medical office and professional office uses are permitted. The existing dental practice, including patients and equipment, is also available to interested buyers as part of a potential acquisition.
The property is located at 490 Post Street in San Francisco’s Union Square area, with access to BART and MUNI bus and underground routes. Shopping, hotels, and restaurants are nearby, adding established urban amenities to the surrounding commercial environment.
The property is located at 490 Post Street in San Francisco’s Union Square area, with access to BART and MUNI bus and underground routes. Shopping, hotels, and restaurants are nearby, adding established urban amenities to the surrounding commercial environment.
Key Highlights
- Four‑operatory dental suite in a medical office condominium
- Medical office and professional office uses are permitted
- Existing dental practice, patients, and equipment available to interested buyers
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
$21,684
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
2.90%
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%
$433,680
$433.7K
Cap Rate 7%
$309,771
$309.8K
Cap Rate 9%
$240,933
$240.9K
Market Conditions
NOI Build-Up for 880 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
$38.8K $44.04/SF
− Vacancy
−$9.8K −$11.19/SF
EGI
$28.9K $32.85/SF
− OpEx
−$7.2K −$8.21/SF
NOI
$21.7K $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%
$433,680
Cap Rate 7%
$309,771
Cap Rate 9%
$240,933
Alternative Uses
Best Use
Office B
$309.8K
$271.1K – $361.4K
NOI $21,684 @ 7.0% cap · market cap 2.90%
Second Best
Healthcare Medical
$239.0K
$209.1K – $278.8K
NOI $16,727 @ 7.0% cap · market cap 2.24%
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.01M
NOI $300,891 @ 7.0% cap · market cap 40.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical condominium with flexible office use, operable windows, and abundant natural light in a transit-connected commercial setting.
Where is this medical office space located?
The property is located at 490 Post Street Suite 404 San Francisco, CA.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: Four‑operatory dental suite in a medical office condominium; Medical office and professional office uses are permitted; Existing dental practice, patients, and equipment available to interested buyers
