Four-Story Mixed-Use
New
For Sale
Contact for pricing
837-843 Broadway, San Francisco, CA 94133
Income-producing asset with residential units, ground-floor retail, completed seismic work, and multiple renovated residences.
Property Size6,216 SF
Price / SF$400.58
Days on Market7
Property Features for 837-843 Broadway
General Information
Standard status
Active
Size
6,216 SF
Property subtype
Multifamily, Mixed Use
Zoning
CCB (Chinatown Community Business District)
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$138,442
Units
Unit Mix
1 x 4BR/2BA, 4 x 1BR, 1 x efficiency
Multifamily Units
6
Building Details
Year Built
1909
Buildings
1
Stories
4
Units
8
Tenancy
Multi
Listing Agency:
Maven Commercial, Inc
Listed By:
Matthew C. Sheridan · License #01878802
Source:
Crexi
Added: Aug 29
Changed: Sep 3
Last Checked: Sep 3 at 2:28AM
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 Maven Commercial, Inc
Investment Insights
Based on property information with market context.
This four-story mixed-use property contains eight total units, combining six residential residences with two ground-floor retail spaces. The residential component includes four 1-bedroom units, an efficiency unit, and a top-floor flat with 4 bedrooms and 2 baths. The upper residence features hardwood flooring and period architectural details.
Completed improvements include renovations to four units, a seismic retrofit, and new exterior paint. The property is located within the CCB (Chinatown Community Business District) zoning designation and carries a 1909 construction date. Its setting places the asset near North Beach, Nob Hill, and Chinatown, with access to local parks, retail, dining, and nightlife.
Completed improvements include renovations to four units, a seismic retrofit, and new exterior paint. The property is located within the CCB (Chinatown Community Business District) zoning designation and carries a 1909 construction date. Its setting places the asset near North Beach, Nob Hill, and Chinatown, with access to local parks, retail, dining, and nightlife.
Key Highlights
- Eight‑unit mixed‑use property with six residential residences and two ground‑floor retail spaces
- Four 1‑bedroom units, one efficiency unit, and a 4‑bedroom, 2‑bath top‑floor flat
- Four residential units have been renovated
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
$201,815
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
8.11%
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%
$4,036,300
$4.0M
Cap Rate 7%
$2,883,071
$2.9M
Cap Rate 9%
$2,242,389
$2.2M
Market Conditions
NOI Build-Up for 6,216 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
$391.6K $63.00/SF
− Vacancy
−$24.7K −$3.97/SF
EGI
$366.9K $59.03/SF
− OpEx
−$165.1K −$26.56/SF
NOI
$201.8K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
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%
$4,036,300
Cap Rate 7%
$2,883,071
Cap Rate 9%
$2,242,389
Alternative Uses
Best Use
Retail
$28.34M
$24.80M – $33.06M
NOI $1,983,690 @ 7.0% cap · market cap 79.67%
Second Best
Apartment 5plus
$2.88M
$2.52M – $3.36M
NOI $201,815 @ 7.0% cap · market cap 8.11%
Theoretical Best
Specialty Retail
$30.36M
$26.57M – $35.42M
NOI $2,125,382 @ 7.0% cap · market cap 85.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
23,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 94133, CA
26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing asset with residential units, ground-floor retail, completed seismic work, and multiple renovated residences.
Where is this mixed-use property located?
The property is located at 837-843 Broadway San Francisco, CA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Eight‑unit mixed‑use property with six residential residences and two ground‑floor retail spaces; Four 1‑bedroom units, one efficiency unit, and a 4‑bedroom, 2‑bath top‑floor flat; Four residential units have been renovated
