Mixed-Use Building with Retail and
For Sale
$2,500,000
706 Sacramento Street, San Francisco, CA 94108
Three-story mixed-use building with two ground-floor retail spaces, six apartments, and a vacant basement with separate entrance.
Property Size6,720 SF
Days on Market51
Property Features for 706 Sacramento Street
General Information
Standard status
Active
Size
6,720 SF
Property subtype
Mixed Use
Zoning
CCB
Units
Multifamily Units
6
Office Units
2
Building Details
Building Size
6,720 SF
Year Built
1906
Stories
3
Listing Agency:
Marcus & Millichap
(415) 963-3000
Listed By:
Ning H Ho · License #01943903
Source:
Adelaidamejiasf
Added: Jul 13
Changed: Aug 31
Last Checked: Aug 30 at 11:57PM
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.
706-710 Sacramento Street is a three-story mixed-use building featuring two ground-floor commercial spaces and residential units upstairs. One ground-floor space is occupied by a massage business, and the other will be delivered vacant. The upper floors include six total apartment units, with each floor configured with one 3-bed/1-bath, one 2-bed/1-bath, and one 1-bed/1-bath unit. The property also includes a vacant basement with a separate entrance.
The building is located in San Francisco on the border of the Financial District and Chinatown, with nearby destinations including Starbucks, RG Lounge, and Four Kings Restaurant. The Hilton Hotel and Portsmouth Square are described as one block away, and the Transamerica Pyramid is described as two blocks away, with walking access to the Ferry Building, Union Square, and Downtown and convenient public transportation.
The property is listed under APN 0226-009 and is zoned Chinatown Community Business (CCB). An earthquake seismic retrofit has been completed.
The building is located in San Francisco on the border of the Financial District and Chinatown, with nearby destinations including Starbucks, RG Lounge, and Four Kings Restaurant. The Hilton Hotel and Portsmouth Square are described as one block away, and the Transamerica Pyramid is described as two blocks away, with walking access to the Ferry Building, Union Square, and Downtown and convenient public transportation.
The property is listed under APN 0226-009 and is zoned Chinatown Community Business (CCB). An earthquake seismic retrofit has been completed.
Key Highlights
- Three‑story mixed‑use building (built 1906) at 706‑710 Sacramento St with two ground‑floor commercial spaces and six apartments.
- Ground floor includes two retail spaces: one occupied by a massage business and one to be delivered vacant.
- Upstairs layout totals six units: each floor has one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA unit.
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
$218,179
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
8.73%
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%
$4,363,580
$4.4M
Cap Rate 7%
$3,116,843
$3.1M
Cap Rate 9%
$2,424,211
$2.4M
Market Conditions
NOI Build-Up for 6,720 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
$423.4K $63.00/SF
− Vacancy
−$26.7K −$3.97/SF
EGI
$396.7K $59.03/SF
− OpEx
−$178.5K −$26.56/SF
NOI
$218.2K $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%
$4,363,580
Cap Rate 7%
$3,116,843
Cap Rate 9%
$2,424,211
Alternative Uses
Best Use
Apartment 5plus
$3.12M
$2.73M – $3.64M
NOI $218,179 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.82M
$28.72M – $38.30M
NOI $2,297,711 @ 7.0% cap · market cap 91.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
6
Residential units
Location Intelligence
Trade Area within ½ mile
30,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 94108, CA
13,097
Population
7,730
Households
1.7
Avg Household Size
42
Median Age
45%
College-Educated
76%
High-School Grad
0.3 sq mi
ZIP Area
43,657
Density / Sq Mi
$63,864
Median Household Income
$53,617
Median Earnings
$1,562
Median Rent
$1,207,500
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?
Apartment building - Three-story mixed-use building with two ground-floor retail spaces, six apartments, and a vacant basement with separate entrance.
Where is this apartment building located?
The property is located at 706 Sacramento Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Three‑story mixed‑use building (built 1906) at 706‑710 Sacramento St with two ground‑floor commercial spaces and six apartments.; Ground floor includes two retail spaces: one occupied by a massage business and one to be delivered vacant.; Upstairs layout totals six units: each floor has one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA unit.
