Retail Space with Shell
For Sale
Contact for pricing
697 Sutter ST, San Francisco, CA 94102
Three suites can be leased separately or combined to accommodate a larger commercial layout.
Property Size24,358 SF
Price / SF$0.12
Days on Market242
Property Features for 697 Sutter ST
General Information
Standard status
Active
Size
24,358 SF
Site & Location
Neighborhood
Tenderloin Heights
Building Details
Year Built
1922
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #1393931
(831) 566-5430
Source:
Giuffreproperties
Added: Mar 4
Changed: Oct 28
Last Checked: Nov 1 at 12:24AM
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
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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.
Three retail suites are available beneath 17 newly constructed residential units. The spaces range from approximately 676 to 3,873 square feet and may be leased individually or combined. Recently renovated and offered in shell condition, they provide flexibility for tenant improvements. The lease structure is double net (NN).
The property is within walking distance of Union Square, cable car lines, hotels, restaurants, and shopping destinations. The Olympic Club and the Bohemian Club are also nearby.
The property is within walking distance of Union Square, cable car lines, hotels, restaurants, and shopping destinations. The Olympic Club and the Bohemian Club are also nearby.
Key Highlights
- Three retail units ranging from approximately 676 to 3,873 square feet
- Suites can be leased individually or combined
- Recently renovated spaces delivered in shell condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,773,283
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,465,660
$155.5M
Cap Rate 7%
$111,046,900
$111.0M
Cap Rate 9%
$86,369,811
$86.4M
Market Conditions
NOI Build-Up for 24,358 SF
Gross rent
$12.06M $495.00/SF
− Vacancy
−$952.5K −$39.11/SF
EGI
$11.10M $455.90/SF
− OpEx
−$3.33M −$136.77/SF
NOI
$7.77M $319.13/SF
Area
San Francisco, CA
Vacancy
7.90%
Lease Rate
$495.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,465,660
Cap Rate 7%
$111,046,900
Cap Rate 9%
$86,369,811
Alternative Uses
Best Use
Retail
$111.05M
$97.17M – $129.55M
NOI $7,773,283 @ 7.0% cap · market cap 259,109.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$118.98M
$104.11M – $138.81M
NOI $8,328,518 @ 7.0% cap · market cap 277,617.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28,510
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Dining 17%
Groceries 15%
Hotels & Casinos 11%
Saks Fifth Avenue
Apparel
37,554 visits/mo
0.2 miles
Trader Joe's
Groceries
34,815 visits/mo
0.4 miles
Neiman Marcus
Apparel
30,144 visits/mo
0.3 miles
McDonald's
Dining
28,460 visits/mo
0.2 miles
The Ritz-Carlton, San Francisco
Hotels & Casinos
19,605 visits/mo
0.3 miles
Demographics for 94102, CA
39,432
Population
23,153
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
56,331
Density / Sq Mi
$64,781
Median Household Income
$55,873
Median Earnings
$1,517
Median Rent
$996,300
Median Home Value
Market
Vacancy Rate% for Retail in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Retail space - Three suites can be leased separately or combined to accommodate a larger commercial layout.
Where is this retail space located?
The property is located at 697 Sutter ST San Francisco, CA.
What are key features of this property?
This property features: Three retail units ranging from approximately 676 to 3,873 square feet; Suites can be leased individually or combined; Recently renovated spaces delivered in shell condition
