Office Building with Drive-In
For Sale
Contact for pricing
743 Clementina St, San Francisco, CA 94103
Office building features tall ground-floor drive-in doors, skylights, operable windows, and two ADA-compliant bathrooms.
Property Size3,600 SF
Price / SF$513.89
Days on Market159
Property Features for 743 Clementina St
General Information
Standard status
Active
Size
3,600 SF
Property subtype
OFFICE
Amenities
conference rooms
private office
kitchenette
ADA-compliant bathrooms
CAT5 data cabling
dedicated server room
skylights
operable windows
Listing Agency:
Starboard Commercial Real Estate
(415) 765-6900
Listed By:
Mark Meier · License #02047169
(415) 299-7042
Source:
Moodyscre
Added: Apr 10
Changed: Aug 16
Last Checked: Sep 15 at 8:52AM
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 Starboard Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building includes high sandblasted timber ceilings, polished concrete floors, and old-growth douglas fir flooring, complemented by refined architectural lighting. The space is supported by four large original classic skylights, operable windows, and front and rear stairs for efficient circulation.
Interior improvements include full data wiring with CAT 5 cabling and a dedicated server room, along with newer electrical service and city gas providing distributed power throughout. The ground floor has tall doors with drive-in access, supporting flexible day-to-day operations.
The layout includes two conference rooms and a private office, plus a kitchenette and two ADA-compliant bathrooms. Connectivity and power are built in for a functional office environment.
Interior improvements include full data wiring with CAT 5 cabling and a dedicated server room, along with newer electrical service and city gas providing distributed power throughout. The ground floor has tall doors with drive-in access, supporting flexible day-to-day operations.
The layout includes two conference rooms and a private office, plus a kitchenette and two ADA-compliant bathrooms. Connectivity and power are built in for a functional office environment.
Key Highlights
- Office building with tall ground‑floor drive‑in access doors for easy vehicle entry
- Four original classic skylights plus operable windows for natural light and fresh air
- Fully wired for data with CAT 5 cabling and a dedicated server room
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
$88,705
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
4.79%
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%
$1,774,100
$1.8M
Cap Rate 7%
$1,267,214
$1.3M
Cap Rate 9%
$985,611
$985.6K
Market Conditions
NOI Build-Up for 3,600 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
$158.5K $44.04/SF
− Vacancy
−$40.3K −$11.19/SF
EGI
$118.3K $32.85/SF
− OpEx
−$29.6K −$8.21/SF
NOI
$88.7K $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 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%
$1,774,100
Cap Rate 7%
$1,267,214
Cap Rate 9%
$985,611
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,705 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.58M
$15.39M – $20.52M
NOI $1,230,917 @ 7.0% cap · market cap 66.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11,660
Businesses Nearby
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
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Market
Vacancy Rate% for Office in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Office building - Office building features tall ground-floor drive-in doors, skylights, operable windows, and two ADA-compliant bathrooms.
Where is this office building located?
The property is located at 743 Clementina St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Office building with tall ground‑floor drive‑in access doors for easy vehicle entry; Four original classic skylights plus operable windows for natural light and fresh air; Fully wired for data with CAT 5 cabling and a dedicated server room
