Three-Unit Mixed-Use
5110 3rd Street San Francisco, CA 94124
5110 3rd Street, San Francisco, CA, 94124
$1,250,000
For Sale
$1,250,000
Ground-floor retail is delivered vacant, alongside two occupied residential units with below-market rents.
Property Size3,125 SF
Price / SF$400
Days on Market49
Property Features for 5110 3rd Street
General Information
- Standard status
- Active
- Size
- 3,125 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1905
Listing Agency
URBAN GROUP REAL ESTATE
(415) 863-1775
Listed by
LOUIS CORNEJO · License #01518102
Source
Corcoran
Added: Jun 2 Checked: Jul 19 at 3:58 am
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 URBAN GROUP REAL ESTATE
Investment Insights
Based on property information with market context.
5110–5112 Third Street is a three-unit mixed-use property comprising two residential apartments and one ground-floor commercial space totaling 3,125 square feet. The ground-floor retail unit will be delivered vacant, creating an opportunity for immediate lease-up or owner-user use. The residential component includes one 2-bedroom/1-bath unit and one 3-bedroom/1-bath unit.
The building is positioned along San Francisco’s Third Street commercial corridor, providing pedestrian and vehicle exposure. Convenient access to the Muni Metro T Third Street line and nearby neighborhood amenities supports day-to-day accessibility for both residents and retail customers.
This property can appeal to buyers seeking a live-and-lease or income-mix structure, with the commercial space ready to market upon acquisition. The two residential units are currently occupied at below-market rents, which may be a consideration for planning future leasing and tenancy transitions. Overall, the combination of a vacant retail suite and two occupied apartments offers a straightforward structure for an owner who wants to manage residential income while activating the commercial frontage.
The building is positioned along San Francisco’s Third Street commercial corridor, providing pedestrian and vehicle exposure. Convenient access to the Muni Metro T Third Street line and nearby neighborhood amenities supports day-to-day accessibility for both residents and retail customers.
This property can appeal to buyers seeking a live-and-lease or income-mix structure, with the commercial space ready to market upon acquisition. The two residential units are currently occupied at below-market rents, which may be a consideration for planning future leasing and tenancy transitions. Overall, the combination of a vacant retail suite and two occupied apartments offers a straightforward structure for an owner who wants to manage residential income while activating the commercial frontage.
Key Highlights
- Three‑unit mixed‑use property (5110–5112 Third Street) with ground‑floor commercial plus two residential units
- Ground‑floor retail space delivered vacant for immediate lease‑up or owner‑user use
- Residential unit mix: one 2BD/1BA and one 3BD/1BA
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.8k | $54.00 |
| − Vacancy | −$10.1k | −$3.23 |
| EGI | $158.7k | $50.77 |
| − OpEx | −$47.6k | −$15.23 |
| NOI | $111.1k | $35.54 |
3,125 SF · lease $54.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Retail
$14.25M
$12.47M – $16.62M
NOI $997,270 @ 7.0% cap · market cap 79.78%
Second Best
Multifamily LT 5
$1.59M
$1.39M – $1.85M
NOI $111,061 @ 7.0% cap · market cap 8.88%
Theoretical Best
Specialty Retail
$15.26M
$13.36M – $17.81M
NOI $1,068,504 @ 7.0% cap · market cap 85.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pacific Union
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Ground-floor retail is delivered vacant, alongside two occupied residential units with below-market rents.
Where is this mixed-use property located?
The property is located at 5110 3rd Street 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: Three‑unit mixed‑use property (5110–5112 Third Street) with ground‑floor commercial plus two residential units; Ground‑floor retail space delivered vacant for immediate lease‑up or owner‑user use; Residential unit mix: one 2BD/1BA and one 3BD/1BA
