Building Details

Year Built 1990

Listing Agency: BLOCK CHANGE REAL ESTATE Show Phone

Listed By: THAO DANG & BRIAN NG · License #70013767 Show Phone

Source: Corcoran

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 25 at 2:41AM

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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 BLOCK CHANGE REAL ESTATE

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Investment Insights

Based on property information with market context.

At 625 Larkin Street in San Francisco, this corner mixed-use property encompasses 4,194 square feet. The sale includes restaurant equipment and an upstairs condominium unit of approximately 3,242 square feet. Built in 1990, the property combines restaurant-related improvements with a separate condominium component.

Key Highlights

• 4,194‑square‑foot corner mixed‑use property
• Approximately 3,242‑square‑foot upstairs condominium unit included
• Restaurant equipment included in the sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,210

Cap Rate

4.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,604,200 $1.6M

Cap Rate 7%

$1,145,857 $1.1M

Cap Rate 9%

$891,222 $891.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,194 SF

Gross rent

$151.0K $36.00/SF

− Vacancy

−$22.6K −$5.40/SF

EGI

$128.3K $30.60/SF

− OpEx

−$48.1K −$11.48/SF

NOI

$80.2K $19.13/SF

Area

ZIP 94109

Vacancy

15.00%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,604,200

Cap Rate 7%

$1,145,857

Cap Rate 9%

$891,222

Alternative Uses

Best Use

Retail

$19.12M

$16.73M – $22.31M (±1% cap)

NOI $1,338,417 @ 7.0% cap · market cap 66.96%

Second Best

Specialty Retail

$12.60M

$11.03M – $14.71M (±1% cap)

NOI $882,313 @ 7.0% cap · market cap 44.14%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lee's Sandwiches Take-out & Catering

Suggested Use

Top Pick Carpet & Flooring Store Buffet Pet Grooming Service Tanning Salon Clothing & Fashion Store Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16,130

Businesses Nearby

108k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 32% Hotels & Casinos 29% Shops & Services 29% Apparel 6%

Trader Joe's Groceries

34,815 visits/mo 0.5 miles

Holiday Inn San Francisco-Golden Gateway Hotels & Casinos

16,023 visits/mo 0.5 miles

Shell Shops & Services

13,361 visits/mo 0.3 miles

Wells Fargo Shops & Services

8,374 visits/mo 0.4 miles

Courtyard by Marriott San Francisco Downtown/Van Ness Ave. Hotels & Casinos

5,529 visits/mo 0.2 miles

Demographics for 94109, CA

58,501

Population

39,043

Households

1.5

Avg Household Size

38

Median Age

65%

College-Educated

90%

High-School Grad

1.1 sq mi

ZIP Area

53,183

Density / Sq Mi

$112,201

Median Household Income

$89,841

Median Earnings

$2,172

Median Rent

$1,390,000

Median Home Value

Market

Vacancy Rate% for Retail in San Francisco, CA

4.8% 2019

6.5% 2020

6.6% 2021

6.3% 2022

6.4% 2023

6.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Restaurant equipment is included, together with an upper-level condominium unit.

Where is this mixed-use property located?

The property is located at 625 Larkin Street #9 San Francisco, CA.

What is the asking price?

The asking price for this property is $1,998,800.

What are key features of this property?

This property features: 4,194‑square‑foot corner mixed‑use property; Approximately 3,242‑square‑foot upstairs condominium unit included; Restaurant equipment included in the sale