Two-Story Corner Retail
8 Persia Avenue San Francisco, CA 94112
8 Persia Avenue, San Francisco, CA, 94112
$2,100,000
For Sale
$2,100,000
Two-story corner building with a ground-floor tenant leased through 2028 and a vacant second floor.
Property Size5,790 SF
Price / SF$362.69
Days on Market62
Property Features for 8 Persia Avenue
General Information
- Standard status
- Active
- Size
- 5,790 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing agency
MASIL GROUP REALTY
(415) 206-9425
Listed by
EDDY A MARTINEZ
Source
Corcoran
Added: May 21 Updated: Jul 20 at 10:21PM Checked: Jul 21 at 4:54AM
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 MASIL GROUP REALTY
Investment Insights
Based on property information with market context.
8 Persia Avenue at the corner of Mission Street and Persia Avenue is a two-story commercial building offered AS-IS. The property includes a stabilized ground-floor tenant with a lease term through 2028, while the second floor is currently vacant, providing flexibility for an owner-user or new tenancy.
As described in the offering materials, the upper floor layout is suited for a broad range of potential uses, including fitness, faith-based, educational, creative office, cultural, and community-serving operators. This provides a practical option for organizations seeking long-term location control on a high-visibility arterial.
For buyers considering either income through the existing ground-floor lease or repositioning via the vacant upper level, the building presents a straightforward owner-user and value-add setup in the Excelsior District.
As described in the offering materials, the upper floor layout is suited for a broad range of potential uses, including fitness, faith-based, educational, creative office, cultural, and community-serving operators. This provides a practical option for organizations seeking long-term location control on a high-visibility arterial.
For buyers considering either income through the existing ground-floor lease or repositioning via the vacant upper level, the building presents a straightforward owner-user and value-add setup in the Excelsior District.
Key Highlights
- Two‑story commercial corner building at Mission Street and Persia Avenue in San Francisco’s Excelsior District
- Ground‑floor tenant provides immediate cash flow with a lease scheduled through 2028
- Second floor is vacant, offering potential for owner‑user occupancy or lease‑up
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.7k | $30.00 |
| − Vacancy | −$20.8k | −$3.60 |
| EGI | $152.9k | $26.40 |
| − OpEx | −$45.9k | −$7.92 |
| NOI | $107.0k | $18.48 |
5,790 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,999 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.33M
$2.92M – $3.89M
NOI $233,211 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed Martial Arts
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story corner building with a ground-floor tenant leased through 2028 and a vacant second floor.
Where is this retail space located?
The property is located at 8 Persia Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two‑story commercial corner building at Mission Street and Persia Avenue in San Francisco’s Excelsior District; Ground‑floor tenant provides immediate cash flow with a lease scheduled through 2028; Second floor is vacant, offering potential for owner‑user occupancy or lease‑up
