Edwardian Building in SOMA
For Sale
Contact for pricing
537 Stevenson St, San Francisco, CA
Unique two-story building with basement and mezzanine in San Francisco.
Property Size10,651 SF
Lot Size0.09 Acres
Price / SF$272.27
Days on Market327
Property Features for 537 Stevenson St
General Information
Standard status
Active
Size
10,651 SF
Lot size
0.09 Acres
Property subtype
OFFICE
Listing Agency:
Urban group real estate - San Francisco
(415) 863-1775
Listed By:
GUY CARSON · License #01997702
(415) 420-8048
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 12
Last Checked: Oct 16 at 9:31AM
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 - San Francisco
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 537 Stevenson Street is a two-story Edwardian building, formerly the Sterling Furniture Co. Warehouse. Located next to the historic Skybridge on Stevenson, this unique building includes a full basement and mezzanine. The interior features transparent walls designed to maximize natural light throughout the space. The building has been seismically retrofitted and updated with skylights to enhance natural light. The first floor is set back from the full-height windows, creating a light well to the basement level. The building offers separable entries, allowing each floor to be dedicated to different uses. This property is located in San Francisco's vibrant SOMA District.
Key Highlights
- Seismically retrofitted for safety and stability.
- Abundant natural light throughout the building via transparent interior walls and skylights.
- Unique two‑story Edwardian building with full basement and mezzanine.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,445
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,248,900
$5.2M
Cap Rate 7%
$3,749,214
$3.7M
Cap Rate 9%
$2,916,056
$2.9M
Market Conditions
NOI Build-Up for 10,651 SF
Gross rent
$469.1K $44.04/SF
− Vacancy
−$119.1K −$11.19/SF
EGI
$349.9K $32.85/SF
− OpEx
−$87.5K −$8.21/SF
NOI
$262.4K $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%
$5,248,900
Cap Rate 7%
$3,749,214
Cap Rate 9%
$2,916,056
Alternative Uses
Best Use
Office B
$3.75M
$3.28M – $4.37M
NOI $262,445 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$52.03M
$45.52M – $60.70M
NOI $3,641,803 @ 7.0% cap · market cap 125.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21,625
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Office building - Unique two-story building with basement and mezzanine in San Francisco.
Where is this office building located?
The property is located at 537 Stevenson St San Francisco, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Seismically retrofitted for safety and stability.; Abundant natural light throughout the building via transparent interior walls and skylights.; Unique two‑story Edwardian building with full basement and mezzanine.
