Ground Floor Commercial
566 S Van Ness Avenue #COMM1 San Francisco, CA 94110
566 S Van Ness Avenue #COMM1, San Francisco, CA, 94110
$895,000
For Sale
$895,000
Ground floor commercial condo in a modern 2007 building, offered as a vacant space approved for a range of uses.
Property Size3,874 SF
Price / SF$231.03
Days on Market126
Property Features for 566 S Van Ness Avenue #COMM1
General Information
- Standard status
- Active
- Size
- 3,874 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agency
COMPASS
(415) 345-3000
Listed by
SCOTT WHELAN
Source
Corcoran
Added: Mar 18 Updated: Jul 20 at 7:11PM Checked: Jul 21 at 4:52AM
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
Investment Insights
Based on property information with market context.
566 S Van Ness Avenue offers a large ground floor commercial condo within a modern 2007 building. The space is currently open and ready for build out, with an existing configuration that can be adapted to an end user’s requirements. The offering is described as approved for many uses, including office, retail storefront, light manufacturing, PDR, arts, studio, educational and instruction.
The property is centrally located in the Mission District and is approximately two blocks from a BART station. It sits among a diverse group of neighboring businesses.
This is a condo-style ground floor unit presented for sale, suitable for owner-users or investors seeking a commercial space with flexible, use-approved options and direct readiness for build out.
The property is centrally located in the Mission District and is approximately two blocks from a BART station. It sits among a diverse group of neighboring businesses.
This is a condo-style ground floor unit presented for sale, suitable for owner-users or investors seeking a commercial space with flexible, use-approved options and direct readiness for build out.
Key Highlights
- 3,874 SF ground‑floor commercial condo in a modern 2007 building in San Francisco’s Mission District
- Vacant space currently open and ready for build‑out, depending on end‑user needs
- Approved for many uses, including office, retail storefront, light manufacturing, PDR, arts, studio, educational, and instruction
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 | $139.9k | $36.12 |
| − Vacancy | −$35.5k | −$9.17 |
| EGI | $104.4k | $26.95 |
| − OpEx | −$26.1k | −$6.74 |
| NOI | $78.3k | $20.21 |
3,874 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$17.66M
$15.45M – $20.60M
NOI $1,236,296 @ 7.0% cap · market cap 138.13%
Second Best
Office B
$1.12M
$978.6K – $1.30M
NOI $78,290 @ 7.0% cap · market cap 8.75%
Theoretical Best
Specialty Retail
$18.92M
$16.56M – $22.08M
NOI $1,324,603 @ 7.0% cap · market cap 148.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Citrino Condos | 566 ...
Condominium Complex
Chas A Fowler Co
Auto Parts Store
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FAQs
What type of property is this?
Flex space - Ground floor commercial condo in a modern 2007 building, offered as a vacant space approved for a range of uses.
Where is this flex space located?
The property is located at 566 S Van Ness Avenue #COMM1 San Francisco, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,874 SF ground‑floor commercial condo in a modern 2007 building in San Francisco’s Mission District; Vacant space currently open and ready for build‑out, depending on end‑user needs; Approved for many uses, including office, retail storefront, light manufacturing, PDR, arts, studio, educational, and instruction
