San Francisco Auto Shop For
For Sale
$1,400,000
78 Shotwell Street, San Francisco, CA 94103
Auto shop with loft, truck bay, and office space.
Property Size2,375 SF
Price / SF$589.47
Days on Market160
Property Features for 78 Shotwell Street
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Industrial
Building Details
Building Size
2,375 SF
Year Built
1955
Listing Agency:
GM Green Real Estate, Inc.
(415) 923-6999
Listed By:
Bob Walker
Source:
Gregglynn
Added: Mar 24
Changed: Aug 23
Last Checked: Aug 29 at 4:36PM
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 GM Green Real Estate, Inc.
Investment Insights
Based on property information with market context.
The property is currently operated as a mechanical plumbing company specializing in boiler installations, maintenance, repair, and backflow testing. Tax records indicate the building size is 2,375 square feet, with an additional loft area of approximately 1,287 square feet. The main shop features a ceiling height of approximately 16 feet. The truck bay can accommodate five trucks or vans, with space for an additional vehicle behind the front gate, which includes two curb cuts. The building includes two office spaces, one full bathroom with a shower, and one half bathroom. The electrical service is a 3-phase 440V system. The seller requires a rent-back agreement until February 2027.
Key Highlights
- Ideal for mechanical plumbing company or similar trade.
- Large truck bay accommodates 5 trucks/vans plus additional gated parking.
- High ceiling in main shop area (+/- 16 feet).
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
$40,399
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
2.89%
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%
$807,980
$808.0K
Cap Rate 7%
$577,129
$577.1K
Cap Rate 9%
$448,878
$448.9K
Market Conditions
NOI Build-Up for 2,375 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
$64.1K $27.00/SF
− Vacancy
−$6.4K −$2.70/SF
EGI
$57.7K $24.30/SF
− OpEx
−$17.3K −$7.29/SF
NOI
$40.4K $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%
$807,980
Cap Rate 7%
$577,129
Cap Rate 9%
$448,878
Alternative Uses
Best Use
Retail
$10.83M
$9.47M – $12.63M
NOI $757,925 @ 7.0% cap · market cap 54.14%
Second Best
Industrial
$577.1K
$505.0K – $673.3K
NOI $40,399 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$11.60M
$10.15M – $13.53M
NOI $812,063 @ 7.0% cap · market cap 58.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,400
Businesses Nearby
506k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Groceries 25%
Shops & Services 14%
Electronics 9%
Costco Wholesale
Superstores
235,049 visits/mo
0.4 miles
Safeway
Groceries
62,741 visits/mo
0.5 miles
Foods Co
Groceries
43,731 visits/mo
0.1 miles
Best Buy
Electronics
41,842 visits/mo
0.3 miles
Total Wine & More
Groceries
20,833 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in San Francisco, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop with loft, truck bay, and office space.
Where is this auto shop located?
The property is located at 78 Shotwell Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Ideal for mechanical plumbing company or similar trade.; Large truck bay accommodates 5 trucks/vans plus additional gated parking.; High ceiling in main shop area (+/- 16 feet).
