Industrial Flex Condominium with
For Sale
$1,250,000
50 Mendell Street # 11, San Francisco, CA 94124
Multi-room production layout includes office, kitchenette, lounge, and dedicated parking.
Property Size2,077 SF
Price / SF$601.83
Days on Market50
Property Features for 50 Mendell Street # 11
General Information
Standard status
Active
Size
2,077 SF
Total Parking Spaces
4
Property subtype
Industrial
Additional Details
HOA Fee
$750
Building Details
Building Size
2,077 SF
Year Built
1982
Listing Agency:
Compass Commercial
Listed By:
Davis Nguyen · License #01509978
(415) 345-3000
Source:
Swanngroupsf
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 15 at 5:58AM
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 Compass Commercial
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Investment Insights
Based on property information with market context.
This 2,077 SF industrial condominium provides a specialized production layout within a 1982-built property. The interior includes two larger studio suites, each pairing a control room with client and producer desk seating and an adjoining recording booth with viewing windows. A third, smaller studio is configured for photo and video color grading.
Additional improvements include a lounge and dining area, kitchenette, and a finished two-room front office with reception space. Four off-street parking spaces support the facility. The condominium is located on Mendell Street in San Francisco’s Bayview district.
Additional improvements include a lounge and dining area, kitchenette, and a finished two-room front office with reception space. Four off-street parking spaces support the facility. The condominium is located on Mendell Street in San Francisco’s Bayview district.
Key Highlights
- 2,077 SF industrial condominium in San Francisco’s Bayview district
- Two larger studios with control rooms and adjoining recording booths
- Third studio configured for photo and video color grading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,178
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,560
$1.0M
Cap Rate 7%
$731,114
$731.1K
Cap Rate 9%
$568,644
$568.6K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$91.5K $44.04/SF
− Vacancy
−$23.2K −$11.19/SF
EGI
$68.2K $32.85/SF
− OpEx
−$17.1K −$8.21/SF
NOI
$51.2K $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%
$1,023,560
Cap Rate 7%
$731,114
Cap Rate 9%
$568,644
Alternative Uses
Best Use
Office B
$731.1K
$639.7K – $853.0K
NOI $51,178 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$504.7K
$441.6K – $588.8K
NOI $35,330 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$10.15M
$8.88M – $11.84M
NOI $710,170 @ 7.0% cap · market cap 56.81%
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
1,408
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
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?
Flex space - Multi-room production layout includes office, kitchenette, lounge, and dedicated parking.
Where is this flex space located?
The property is located at 50 Mendell Street # 11 San Francisco, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,077 SF industrial condominium in San Francisco’s Bayview district; Two larger studios with control rooms and adjoining recording booths; Third studio configured for photo and video color grading
