Mixed-Use Property in
For Sale
$2,799,000
678 Broadway, San Francisco, CA 94133
Mixed-use property with retail and apartments in vibrant Chinatown.
Property Size4,753 SF
Lot Size0.07 Acres
Price / SF$588.89
Days on Market137
Property Features for 678 Broadway
General Information
Standard status
Active
Size
4,753 SF
Lot size
0.07 Acres
Property subtype
Commercial
Amenities
Washer/Dryer
Sidewalk
BART Nearby
Central Heating
City Lot
Composition Roof
Flat Roof
Hospital Nearby
Hotel/Motel Nearby
Light Rail Nearby
Low Maintenance
Mid Block
Near Public Transit
Restaurant Nearby
Shopping Nearby
Sidewalk/Curb/Gutter
Street Lights
Tile Flooring
Vinyl Flooring
Building Details
Year Built
1906
Listing Agency:
ASIA PACIFIC GROUPS
(415) 731-3100
Listed By:
JOSEPH K KONG
Source:
Corcoran
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 6:20AM
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 ASIA PACIFIC GROUPS
Investment Insights
Based on property information with market context.
This centrally located mixed-use property is situated in one of San Francisco's vibrant neighborhoods, presenting an opportunity for investors and owner-users. The ground level features a versatile retail space with a large basement, suitable for businesses seeking visibility and foot traffic in Chinatown. The upper level comprises five apartments, offering urban living in a culturally rich area. The apartment mix includes two studio apartments, a one-bedroom and one-bath apartment, a two-bedroom and one-bath apartment, and a three-bedroom and one-bath apartment. A coin-operated laundry is available in the building for tenant convenience. The property is located in proximity to the Financial District, the Embarcadero, Rose Pak underground metro station, public transportation, and local amenities. The building has a total size of 4753 square feet.
Key Highlights
- Centrally located in vibrant Chinatown with high visibility and foot traffic.
- Mixed‑use property offering both retail space and residential apartments.
- Versatile ground‑level retail space with a large basement.
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
$154,316
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
5.51%
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%
$3,086,320
$3.1M
Cap Rate 7%
$2,204,514
$2.2M
Cap Rate 9%
$1,714,622
$1.7M
Market Conditions
NOI Build-Up for 4,753 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
$299.4K $63.00/SF
− Vacancy
−$18.9K −$3.97/SF
EGI
$280.6K $59.03/SF
− OpEx
−$126.3K −$26.56/SF
NOI
$154.3K $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%
$3,086,320
Cap Rate 7%
$2,204,514
Cap Rate 9%
$1,714,622
Alternative Uses
Best Use
Retail
$21.67M
$18.96M – $25.28M
NOI $1,516,808 @ 7.0% cap · market cap 54.19%
Second Best
Apartment 5plus
$2.20M
$1.93M – $2.57M
NOI $154,316 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$23.22M
$20.31M – $27.09M
NOI $1,625,152 @ 7.0% cap · market cap 58.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 94133, CA
26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
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 - Mixed-use property with retail and apartments in vibrant Chinatown.
Where is this mixed-use property located?
The property is located at 678 Broadway San Francisco, CA.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Centrally located in vibrant Chinatown with high visibility and foot traffic.; Mixed‑use property offering both retail space and residential apartments.; Versatile ground‑level retail space with a large basement.
