Mixed-Use Building with Commercial
For Sale
$3,600,000
702-712 Vallejo Street, San Francisco, CA 94133
Three-story building offers 4 ground-floor commercial units and 40 SRO rooms above on a small lot.
Property Size12,000 SF
Lot Size0.10 Acres
Price / SF$300
Days on Market658
Property Features for 702-712 Vallejo Street
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.10 Acres
Property subtype
Mixed Use
Zoning
NCD
Additional Details
Multifamily Units
40
Building Details
Building Size
12,000 SF
Year Built
1900
Stories
3
Listing Agency:
Marcus & Millichap
Listed By:
Ning H Ho · License #(S):CA:01943903
(415) 963-3000
Source:
Elevationrealestate
Added: Nov 16, 2024
Changed: Aug 21
Last Checked: Sep 4 at 1:13PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
702-712 Vallejo Street is a three-story mixed-use building with 4 commercial units on the ground floor and 40 SRO (Single Room Occupancy) rooms on the upper levels. The property totals 12,000 square feet on a 4,356 square foot lot, providing a combined residential and street-level commercial setup.
The building is located in San Francisco’s North Beach neighborhood, with access to area dining and entertainment, and proximity to several well-known local destinations. Zoning is North Beach Neighborhood Commercial (NCD), supporting the property’s mixed-use configuration.
With commercial frontage at grade and SRO units on upper floors, the building offers a straightforward investment structure for buyers seeking a multi-unit income property with integrated neighborhood retail and hospitality-oriented uses at street level.
The building is located in San Francisco’s North Beach neighborhood, with access to area dining and entertainment, and proximity to several well-known local destinations. Zoning is North Beach Neighborhood Commercial (NCD), supporting the property’s mixed-use configuration.
With commercial frontage at grade and SRO units on upper floors, the building offers a straightforward investment structure for buyers seeking a multi-unit income property with integrated neighborhood retail and hospitality-oriented uses at street level.
Key Highlights
- Three‑story mixed‑use building (built 1900) with 12,000 SF total area
- Includes 4 ground‑floor commercial units
- Has 40 SRO (Single Room Occupancy) rooms on the upper levels
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
$267,750
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
7.44%
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%
$5,355,000
$5.4M
Cap Rate 7%
$3,825,000
$3.8M
Cap Rate 9%
$2,975,000
$3.0M
Market Conditions
NOI Build-Up for 12,000 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
$504.0K $42.00/SF
− Vacancy
−$75.6K −$6.30/SF
EGI
$428.4K $35.70/SF
− OpEx
−$160.7K −$13.39/SF
NOI
$267.8K $22.31/SF
Area
San Francisco, CA
Vacancy
15.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
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%
$5,355,000
Cap Rate 7%
$3,825,000
Cap Rate 9%
$2,975,000
Alternative Uses
Best Use
Apartment 5plus
$5.57M
$4.87M – $6.49M
NOI $389,605 @ 7.0% cap · market cap 10.82%
Second Best
Mixed Use
$3.82M
$3.35M – $4.46M
NOI $267,750 @ 7.0% cap · market cap 7.44%
Theoretical Best
Specialty Retail
$58.62M
$51.29M – $68.38M
NOI $4,103,055 @ 7.0% cap · market cap 113.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
40
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story building offers 4 ground-floor commercial units and 40 SRO rooms above on a small lot.
Where is this mixed-use property located?
The property is located at 702-712 Vallejo Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Three‑story mixed‑use building (built 1900) with 12,000 SF total area; Includes 4 ground‑floor commercial units; Has 40 SRO (Single Room Occupancy) rooms on the upper levels
