5110 3rd Street San Francisco, CA 94124
Ground-floor retail is delivered vacant, alongside two occupied residential units with below-market rents.
Property Features for 5110 3rd Street
General Information
- Standard status
- Active
- Size
- 3,125 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1905
Listing office URBAN GROUP REAL ESTATE (415) 863-1775
Listing date Jun 2, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
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 |
