Mixed-Use Building with Ground
For Sale
$3,100,000
670 Commercial Street, San Francisco, CA 94111
Mixed-use building with residential units above a ground-floor commercial space, including multiple electrical meter panels and water heaters.
Property Size4,464 SF
Days on Market60
Property Features for 670 Commercial Street
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Comm Ind For Sale
Building Details
Building Size
4,464 SF
Year Built
1924
Listing Agency:
Realty One Group Extreme
Listed By:
Kenny Zhang, · License #02129754
(415) 638-0709
Source:
Realestatenovo
Added: Jul 8
Changed: Aug 8
Last Checked: Sep 4 at 12:08PM
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 Realty One Group Extreme
Investment Insights
Based on property information with market context.
This mixed-use building features residential units above a ground-floor commercial space, creating two income streams within a single property. The building includes multiple electrical meter panels and multiple water heaters, supporting separate utility service and system redundancy for the structure.
Located in San Francisco at 670 Commercial Street, the property is positioned near dining, café, retail, entertainment, and convenient public transportation. The remarks also note easy access to the Financial District, North Beach, Chinatown, and Union Square.
As an income-producing mixed-use asset, it offers a versatile ownership structure with commercial and residential components on the same building footprint.
Located in San Francisco at 670 Commercial Street, the property is positioned near dining, café, retail, entertainment, and convenient public transportation. The remarks also note easy access to the Financial District, North Beach, Chinatown, and Union Square.
As an income-producing mixed-use asset, it offers a versatile ownership structure with commercial and residential components on the same building footprint.
Key Highlights
- Mixed‑use building built in 1924 with residential units above a ground‑floor commercial space
- Income‑producing layout combining residential units over ground‑floor commercial
- Multiple electrical meter panels on‑site
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
$144,933
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
4.68%
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%
$2,898,660
$2.9M
Cap Rate 7%
$2,070,471
$2.1M
Cap Rate 9%
$1,610,367
$1.6M
Market Conditions
NOI Build-Up for 4,464 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
$281.2K $63.00/SF
− Vacancy
−$17.7K −$3.97/SF
EGI
$263.5K $59.03/SF
− OpEx
−$118.6K −$26.56/SF
NOI
$144.9K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /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%
$2,898,660
Cap Rate 7%
$2,070,471
Cap Rate 9%
$1,610,367
Alternative Uses
Best Use
Retail
$20.35M
$17.81M – $23.74M
NOI $1,424,581 @ 7.0% cap · market cap 45.95%
Second Best
Apartment 5plus
$2.07M
$1.81M – $2.42M
NOI $144,933 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$21.80M
$19.08M – $25.44M
NOI $1,526,336 @ 7.0% cap · market cap 49.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 94111, CA
4,306
Population
3,050
Households
1.4
Avg Household Size
44
Median Age
65%
College-Educated
87%
High-School Grad
0.3 sq mi
ZIP Area
14,353
Density / Sq Mi
$131,343
Median Household Income
$90,965
Median Earnings
$2,334
Median Rent
$1,217,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with residential units above a ground-floor commercial space, including multiple electrical meter panels and water heaters.
Where is this mixed-use property located?
The property is located at 670 Commercial Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Mixed‑use building built in 1924 with residential units above a ground‑floor commercial space; Income‑producing layout combining residential units over ground‑floor commercial; Multiple electrical meter panels on‑site
