Building Details

Building Size 3,625 SF

Year Built 1906

Buildings 1

Stories 2

Listing Agency: Colliers International

Listed By: Nicole Flores · License #01988919 Show Phone

Source: Cityrealestatesf

Added: Aug 7 Changed: Oct 2 Last Checked: Oct 16 at 5:46PM

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Investment Insights

Based on property information with market context.

This 3,625-square-foot creative office property includes two main stories and a lower level, with an existing interior build-out suited to commercial occupancy. The configuration also presents potential for residential or live-work conversion, as identified in the property offering.

The building is located at 72 Tehama St in San Francisco’s South Financial / Transbay District within Downtown San Francisco. Its compact scale and multi-level layout provide a distinct alternative to conventional office space while retaining flexibility for different occupancy concepts.

Key Highlights

• 3,625‑square‑foot creative office building
• Two‑story building with an additional lower level
• Existing interior build‑out for commercial use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,321

Cap Rate

2.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,786,420 $1.8M

Cap Rate 7%

$1,276,014 $1.3M

Cap Rate 9%

$992,456 $992.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,625 SF

Gross rent

$159.6K $44.04/SF

− Vacancy

−$40.5K −$11.19/SF

EGI

$119.1K $32.85/SF

− OpEx

−$29.8K −$8.21/SF

NOI

$89.3K $24.64/SF

Area

San Francisco, CA

Vacancy

25.40%

Lease Rate

$44.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,786,420

Cap Rate 7%

$1,276,014

Cap Rate 9%

$992,456

Alternative Uses

Best Use

Office B

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,321 @ 7.0% cap · market cap 2.98%

Second Best

Mixed Use

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,883 @ 7.0% cap · market cap 2.70%

Theoretical Best

Specialty Retail

$17.71M

$15.49M – $20.66M (±1% cap)

NOI $1,239,465 @ 7.0% cap · market cap 41.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Recreation SF Marketing & Advertising 4 99 Commute Art Gallery the karman line (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Veterinary Clinic Tanning Salon Buffet Clothing & Fashion Store Pet Grooming Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

29,703

Businesses Nearby

Explore this area Business Placement

Demographics for 94105, CA

14,841

Population

9,680

Households

1.5

Avg Household Size

35

Median Age

85%

College-Educated

96%

High-School Grad

0.5 sq mi

ZIP Area

29,682

Density / Sq Mi

$239,781

Median Household Income

$167,466

Median Earnings

$3,501

Median Rent

$1,461,700

Median Home Value

Market

Vacancy Rate% for Office in San Francisco, CA

5.4% 2019

15.8% 2020

18.5% 2021

24.1% 2022

32.5% 2023

34.2% 2024

33.1% 2025

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Frequently Asked Questions

What type of property is this?

Creative space - Existing build-out offers commercial functionality with potential for residential or live-work conversion.

Where is this creative space located?

The property is located at 72 Tehama Street San Francisco, CA.

What is the asking price?

The asking price for this property is $2,995,000.

What are key features of this property?

This property features: 3,625‑square‑foot creative office building; Two‑story building with an additional lower level; Existing interior build‑out for commercial use