Flex Industrial Building with
For Sale
Contact for pricing
729 Minna St, San Francisco, CA 94103
Industrial flex space includes open floor plan, high-ceiling skylit interior, and a ready yard with a built-in grill.
Property Size2,435 SF
Price / SF$408.62
Days on Market102
Property Features for 729 Minna St
General Information
Standard status
Active
Size
2,435 SF
Property subtype
INDUSTRIAL
Amenities
skylights
ready yard with built-in grill
Building Details
Construction
brick & timbers
Listing Agency:
Kidder Mathews | San Francisco
(415) 229-8888
Listed By:
Cameron Baird · License #01503816
(415) 948-9952
Source:
Moodyscre
Added: Jun 4
Changed: Aug 14
Last Checked: Sep 12 at 8:02AM
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 Kidder Mathews | San Francisco
Investment Insights
Based on property information with market context.
This flex industrial building totals 2,435 square feet and features an open concept floor plan. Interior highlights include brick and timber construction with high ceilings and skylights. There is also 875 square feet of mezzanine space, providing additional usable area. The property includes a ready yard with a built-in grill and drive-in access through both drive-in and grade-level doors.
Convenient transit access is noted with a 5-minute walk to the civic center BART station.
Overall, the configuration supports flexible layout options with a combined main open space and mezzanine level, along with yard and warehouse-style door access for operational needs.
Convenient transit access is noted with a 5-minute walk to the civic center BART station.
Overall, the configuration supports flexible layout options with a combined main open space and mezzanine level, along with yard and warehouse-style door access for operational needs.
Key Highlights
- 2,435 total SF with an open‑concept floor plan
- High ceilings with skylights in a brick and timbers interior
- 875 SF mezzanine space
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
$41,419
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
4.16%
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%
$828,380
$828.4K
Cap Rate 7%
$591,700
$591.7K
Cap Rate 9%
$460,211
$460.2K
Market Conditions
NOI Build-Up for 2,435 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
$65.7K $27.00/SF
− Vacancy
−$6.6K −$2.70/SF
EGI
$59.2K $24.30/SF
− OpEx
−$17.8K −$7.29/SF
NOI
$41.4K $17.01/SF
Area
San Francisco, CA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$828,380
Cap Rate 7%
$591,700
Cap Rate 9%
$460,211
Alternative Uses
Best Use
Industrial
$591.7K
$517.7K – $690.3K
NOI $41,419 @ 7.0% cap · market cap 4.16%
Second Best
Flex RnD
$576.6K
$504.5K – $672.7K
NOI $40,360 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$11.89M
$10.41M – $13.88M
NOI $832,578 @ 7.0% cap · market cap 83.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13,414
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cochinita — 428 11th St, San Francisco, CA 94103
- Mission Bay Foods — 2 Henry Adams St # M95, San Francisco, CA 94103
- Hardwood Bar & Smokery — 680 8th St, San Francisco, CA 94103
- DESTINO — 1817 Market St, San Francisco, CA 94103
- Models On The Run Catering — 140 S Van Ness Ave UNIT 403, San Francisco, CA 94103
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space includes open floor plan, high-ceiling skylit interior, and a ready yard with a built-in grill.
Where is this flex space located?
The property is located at 729 Minna St San Francisco, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,435 total SF with an open‑concept floor plan; High ceilings with skylights in a brick and timbers interior; 875 SF mezzanine space
