Ten-Unit Mixed-Use
For Sale
$5,075,000
5800-5816 Geary Boulevard, San Francisco, CA 94121
Six apartments and four ground-floor commercial spaces support a balanced mixed-use configuration with on-site parking and laundry.
Property Size15,235 SF
Days on Market12
Property Features for 5800-5816 Geary Boulevard
General Information
Standard status
Active
Size
15,235 SF
Property subtype
Mixed Use
Building Details
Building Size
15,235 SF
Year Built
1922
Listing Agency:
Colliers International
Listed By:
Brad Lagomarsino · License #01058500
(415) 288-7847
Source:
Elevationrealestate
Added: Sep 10
Changed: Sep 18
Last Checked: Sep 21 at 7:07AM
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 Colliers International
Investment Insights
Based on property information with market context.
Built in 1922, this approximately 15,235-square-foot mixed-use property contains ten units, including six residential apartments and four commercial spaces at street level. The apartment mix comprises two one-bedroom units and four two-bedroom units, with four residences updated through kitchen, bathroom, and finish renovations. On-site parking and coin-operated laundry serve the residential component, while gas and electricity are separately metered.
Recent work includes SB 721 repairs, intercom upgrades, roof and exterior improvements, and select electrical and plumbing upgrades. The property occupies a position along Geary Boulevard in San Francisco’s Central Richmond neighborhood, with restaurants, cafes, shopping, daily services, Golden Gate Park, the Presidio, and multiple Muni lines nearby.
Recent work includes SB 721 repairs, intercom upgrades, roof and exterior improvements, and select electrical and plumbing upgrades. The property occupies a position along Geary Boulevard in San Francisco’s Central Richmond neighborhood, with restaurants, cafes, shopping, daily services, Golden Gate Park, the Presidio, and multiple Muni lines nearby.
Key Highlights
- Approximately 15,235‑square‑foot mixed‑use building with 10 total units
- Six apartments: two one‑bedroom and four two‑bedroom units
- Four ground‑floor commercial spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$339,931
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,798,620
$6.8M
Cap Rate 7%
$4,856,157
$4.9M
Cap Rate 9%
$3,777,011
$3.8M
Market Conditions
NOI Build-Up for 15,235 SF
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.
Gross rent
$639.9K $42.00/SF
− Vacancy
−$96.0K −$6.30/SF
EGI
$543.9K $35.70/SF
− OpEx
−$204.0K −$13.39/SF
NOI
$339.9K $22.31/SF
Area
San Francisco, CA
Vacancy
15.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,798,620
Cap Rate 7%
$4,856,157
Cap Rate 9%
$3,777,011
Alternative Uses
Best Use
Apartment 5plus
$7.07M
$6.18M – $8.24M
NOI $494,636 @ 7.0% cap · market cap 9.75%
Second Best
Mixed Use
$4.86M
$4.25M – $5.67M
NOI $339,931 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$74.42M
$65.11M – $86.82M
NOI $5,209,170 @ 7.0% cap · market cap 102.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,839
Businesses Nearby
Explore this area
Business Placement
Demographics for 94121, CA
43,115
Population
19,742
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
17,246
Density / Sq Mi
$138,353
Median Household Income
$74,646
Median Earnings
$2,327
Median Rent
$1,634,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six apartments and four ground-floor commercial spaces support a balanced mixed-use configuration with on-site parking and laundry.
Where is this mixed-use property located?
The property is located at 5800-5816 Geary Boulevard San Francisco, CA.
What is the asking price?
The asking price for this property is $5,075,000.
What are key features of this property?
This property features: Approximately 15,235‑square‑foot mixed‑use building with 10 total units; Six apartments: two one‑bedroom and four two‑bedroom units; Four ground‑floor commercial spaces
