Downtown Commercial Condo For
For Sale
$448,000
490 Post Street # 649, San Francisco, CA 94102
Vacant commercial condo in a prime downtown location.
Property Size597 SF
Price / SF$750.42
Days on Market205
Property Features for 490 Post Street # 649
General Information
Standard status
Active
Size
597 SF
Property subtype
Office
Building Details
Building Size
597 SF
Year Built
1925
Listing Agency:
Catherine House, Broker
Listed By:
Catherine E House
(415) 378-8174
Source:
Bonniespindler
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 16 at 4:36PM
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
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Investment Insights
Based on property information with market context.
This vacant commercial condominium, formerly a 2-chair dental suite, is available for sale. Situated in the 490 Post Street building, this commercial condominium allows for both medical and professional office uses. The suite features operable windows providing natural light. The 17-story medical office building was constructed in 1925 and designed by George Kelman. The building includes a 4-level valet parking garage and has recently upgraded building systems and corridors. It also offers 24-hour security with 24/7 building access. The property is located one half block from Union Square, across from the St. Francis Hotel, and near shopping, hotels, and restaurants such as Saks Fifth Avenue, Neiman Marcus, Morton's Steakhouse, Farallon, and Postrio. Ease of access to BART and Muni bus routes is an additional benefit of this location.
Key Highlights
- Prestigious downtown location, half block from Union Square and across from St. Francis Hotel.
- Permitted for medical or professional office uses; previously a 2‑chair dental suite.
- Operable windows providing lots of natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,710
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
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
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 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
Healthcare Medical
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 2.53%
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.
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Property Analytics
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Current Use
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
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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?
Medical Office Space - Vacant commercial condo in a prime downtown location.
Where is this medical office space located?
The property is located at 490 Post Street # 649 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: Prestigious downtown location, half block from Union Square and across from St. Francis Hotel.; Permitted for medical or professional office uses; previously a 2‑chair dental suite.; Operable windows providing lots of natural light.
