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Edwardian Building in SOMA District

537 Stevenson St San Francisco, CA

537 Stevenson St, San Francisco, CA, 00000
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Unique two-story building with basement and mezzanine in San Francisco.

Property Size10,651 SF
Lot Size0.09 Acres
Price / SF$272.27
AddedNov 24, 2025
Days on Market233
Last RefreshMay 20 at 9:17 pm

Property Features for 537 Stevenson St

General Information

Standard status
Active
Size
10,651 SF
Lot size
0.09 Acres
Property subtype
OFFICE

Listing office Urban group real estate - San Francisco

Listing date Nov 24, 2025

Source Moodyscre

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


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.

Local Financial Insights For Office B

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 $469.1k $44.04
− Vacancy −$119.1k −$11.19
EGI $349.9k $32.85
− OpEx −$87.5k −$8.21
NOI $262.4k $24.64
10,651 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.75M
$3.28M – $4.37M (±1% cap)
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 (±1% cap)
NOI $3,641,803 @ 7.0% cap · market cap 125.58%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Marijuana Stock Investments Financial Advisor Eline Productions (Bike/Boat/Book/etc) Store Rainfactory Advertising Agency Rentlytics (Bike/Boat/Book/etc) Store

Suggested Use

Buffet Pet Grooming Service Tanning Salon Clothing & Fashion Store Clothing & Fashion Store Adult Day Care Fish Market Restaurant Butcher (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
Contact an agent
(415) 420-8048 Call to check price and availability
More about this property
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