Mixed-Use Restaurant
New
For Sale
$895,000
65846582 Mission Street, Daly City, CA 94014
Restaurant improvements, basement utility space, and two studio units support both owner occupancy and diversified income.
Property Size2,554 SF
Price / SF$350.43
Days on Market2
Property Features for 65846582 Mission Street
General Information
Standard status
Active
Size
2,554 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x studio
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,926
Building Details
Year Built
1948
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
(415) 345-3000
Listed By:
Ismael Benhamida · License #01722847
(408) 373-6195
Source:
Exitrealty
Added: Sep 9
Last Checked: Sep 9 at 3:33PM
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.
This 2,554 SF mixed-use building combines a fully improved restaurant on the ground floor with a full commercial kitchen and a substantial basement suited to storage and preparation. Two studio units occupy the upper level, creating residential income alongside the commercial component. The property was built in 1948 and is configured for either an owner-user or an income-oriented ownership strategy.
The building fronts Mission Street on the Daly City–San Francisco border, within a dense, walkable area of markets, restaurants, and everyday services. BART, SamTrans, Muni, and I-280 are minutes away, while the corridor provides both pedestrian and vehicle exposure. One studio is vacant and available for lease or owner occupancy; the second is occupied and offers an opportunity for increased income when it turns over. Full lease-up is projected at a 6.9% cap rate.
The building fronts Mission Street on the Daly City–San Francisco border, within a dense, walkable area of markets, restaurants, and everyday services. BART, SamTrans, Muni, and I-280 are minutes away, while the corridor provides both pedestrian and vehicle exposure. One studio is vacant and available for lease or owner occupancy; the second is occupied and offers an opportunity for increased income when it turns over. Full lease-up is projected at a 6.9% cap rate.
Key Highlights
- 2,554 SF mixed‑use building built in 1948
- Ground‑floor restaurant with full commercial kitchen
- Expansive basement for storage and food preparation
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
$51,065
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
5.71%
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%
$1,021,300
$1.0M
Cap Rate 7%
$729,500
$729.5K
Cap Rate 9%
$567,389
$567.4K
Market Conditions
NOI Build-Up for 2,554 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
$99.3K $38.88/SF
− Vacancy
−$6.5K −$2.53/SF
EGI
$92.8K $36.35/SF
− OpEx
−$41.8K −$16.36/SF
NOI
$51.1K $19.99/SF
Area
Daly City, CA
Vacancy
6.50%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
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%
$1,021,300
Cap Rate 7%
$729,500
Cap Rate 9%
$567,389
Alternative Uses
Best Use
Apartment 5plus
$729.5K
$638.3K – $851.1K
NOI $51,065 @ 7.0% cap · market cap 5.71%
Second Best
Specialty Retail
$725.0K
$634.4K – $845.9K
NOI $50,753 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.12M
$983.9K – $1.31M
NOI $78,713 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,542
Businesses Nearby
Explore this area
Business Placement
Demographics for 94014, CA
48,677
Population
15,643
Households
3.1
Avg Household Size
39
Median Age
33%
College-Educated
84%
High-School Grad
6.4 sq mi
ZIP Area
7,606
Density / Sq Mi
$115,513
Median Household Income
$49,144
Median Earnings
$2,089
Median Rent
$979,500
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 - Restaurant improvements, basement utility space, and two studio units support both owner occupancy and diversified income.
Where is this mixed-use property located?
The property is located at 65846582 Mission Street Daly City, 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: 2,554 SF mixed‑use building built in 1948; Ground‑floor restaurant with full commercial kitchen; Expansive basement for storage and food preparation
