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Open-Plan Office Unit
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643 Mission ST, San Francisco, CA 94105

Second-floor workspace above a restaurant with a street-facing view and shared water and electricity services.

Property Size1,500 SF
Price / SF$4
Days on Market513

Property Features for 643 Mission ST

General Information

Standard status Active
Size 1,500 SF

Site & Location

Neighborhood Financial District/South Beach
Utilities to Site Yes

Additional Details

Floor 2
Property Use Office

Amenities

Street View

Building Details

Year Built 1907
Listing Agency: Structure Properties, Inc.
Listed By: Wilson Yee · License #02226809
Source: Giuffreproperties
Added: Jun 7, 2025 Changed: Oct 28 Last Checked: Oct 28 at 3:02PM

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 Structure Properties, Inc.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 1,500-square-foot office unit occupies the second floor above a restaurant at 643 Mission St. Its open layout provides a flexible workspace, with a view facing Mission Street. The building dates to 1907.

The office and restaurant share water and electricity service. The restaurant is responsible for two-thirds of the combined utility costs.

Key Highlights

  • 1,500‑square‑foot office unit on the second floor
  • Open workspace with a Mission Street view
  • Water and electricity are shared with the restaurant below; the restaurant pays two‑thirds of total utility costs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$36,961
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,220 $739.2K
Cap Rate 7%
$528,014 $528.0K
Cap Rate 9%
$410,678 $410.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$66.1K $44.04/SF
− Vacancy
−$16.8K −$11.19/SF
EGI
$49.3K $32.85/SF
− OpEx
−$12.3K −$8.21/SF
NOI
$37.0K $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%
$739,220
Cap Rate 7%
$528,014
Cap Rate 9%
$410,678

Alternative Uses

Best Use
Office B
$528.0K
$462.0K – $616.0K (±1% cap)
NOI $36,961 @ 7.0% cap · market cap 616.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.33M
$6.41M – $8.55M (±1% cap)
NOI $512,882 @ 7.0% cap · market cap 8,548.03%
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

Explorer Academy Training Center Utopia Marketing & Advertising

Suggested Use

Top Pick Veterinary Clinic Buffet Tanning Salon Clothing & Fashion Store Carpet & Flooring Store Pet Grooming Service

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

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

31,580
Businesses Nearby

Demographics for 94105, CA

14,841
Population
9,680
Households
1.5
Avg Household Size
35
Median Age
85%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
29,682
Density / Sq Mi
$239,781
Median Household Income
$167,466
Median Earnings
$3,501
Median Rent
$1,461,700
Median Home Value
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

5.4% 2019
15.8% 2020
18.5% 2021
24.1% 2022
32.5% 2023
34.2% 2024
33.1% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Second-floor workspace above a restaurant with a street-facing view and shared water and electricity services.
Where is this office unit located?
The property is located at 643 Mission ST San Francisco, CA.
What are key features of this property?
This property features: 1,500‑square‑foot office unit on the second floor; Open workspace with a Mission Street view; Water and electricity are shared with the restaurant below; the restaurant pays two‑thirds of total utility costs
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