Mixed-Use Building in Prime
For Sale
$5,900,000
700 Broadway, San Francisco, CA 94133
Mixed-use building with commercial units and residential spaces.
Property Size13,782 SF
Price / SF$428.09
Days on Market447
Property Features for 700 Broadway
General Information
Standard status
Active
Size
13,782 SF
Building Details
Year Built
1907
Listing Agency:
PACIFIC REALTY
(415) 923-1100
Listed By:
ROBERT A PECHOULTRES · License #00543708
Source:
Corcoran
Added: Jun 12, 2025
Changed: Mar 16
Last Checked: Apr 24 at 7:53AM
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 PACIFIC REALTY
Investment Insights
Based on property information with market context.
This mixed-use building is located on the border of North Beach and Chinatown. The property includes three commercial units, one of which is the East West Bank signature location. The second floor features nine SRO (Single Room Occupancy) rooms, complete with a shower room and separate men's and women's bathrooms. The top floor contains seven apartments, including six studios and one one-bedroom unit. The building has completed seismic retrofitting. Its location provides access to Jackson Square, Downtown, Embarcadero, Nob Hill, and Russian Hill neighborhoods. The property has a size of 13782 square feet.
Key Highlights
- Prime corner mixed‑use building with 3 commercial units, including a signature East West Bank location.
- Seismic retrofit fully completed.
- Desirable location on the North Beach - Chinatown border with easy access to multiple key neighborhoods.
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
$447,461
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
7.58%
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%
$8,949,220
$8.9M
Cap Rate 7%
$6,392,300
$6.4M
Cap Rate 9%
$4,971,789
$5.0M
Market Conditions
NOI Build-Up for 13,782 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
$868.3K $63.00/SF
− Vacancy
−$54.7K −$3.97/SF
EGI
$813.6K $59.03/SF
− OpEx
−$366.1K −$26.56/SF
NOI
$447.5K $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%
$8,949,220
Cap Rate 7%
$6,392,300
Cap Rate 9%
$4,971,789
Alternative Uses
Best Use
Specialty Retail
$67.32M
$58.90M – $78.54M
NOI $4,712,359 @ 7.0% cap · market cap 79.87%
Second Best
Retail
$62.83M
$54.98M – $73.30M
NOI $4,398,201 @ 7.0% cap · market cap 74.55%
Theoretical Best
—
—
same as Best Use
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 building with commercial units and residential spaces.
Where is this mixed-use property located?
The property is located at 700 Broadway San Francisco, CA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Prime corner mixed‑use building with 3 commercial units, including a signature East West Bank location.; Seismic retrofit fully completed.; Desirable location on the North Beach - Chinatown border with easy access to multiple key neighborhoods.
