Listing Agency: Blatteis Realty Co Show Phone

Listed By: David Blatteis · License #00418305 Show Phone

Source: Moodyscre

Added: Apr 22, 2025 Changed: Oct 15 Last Checked: Oct 16 at 10:19AM

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Investment Insights

Based on property information with market context.

This 2,925 square foot warehouse property is located in San Francisco, CA. The property had ADA compliance work performed in 2019. A new roof was installed in 2016, and a UMB retrofit was performed in 2002.

Key Highlights

• ADA Compliance in 2019
• New Roof installed 2016
• UMB Retrofit Performed in 2002

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,416

Cap Rate

5.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,208,320 $1.2M

Cap Rate 7%

$863,086 $863.1K

Cap Rate 9%

$671,289 $671.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,925 SF

Gross rent

$79.0K $27.00/SF

− Vacancy

−$7.9K −$2.70/SF

EGI

$71.1K $24.30/SF

− OpEx

−$10.7K −$3.65/SF

NOI

$60.4K $20.66/SF

Area

San Francisco, CA

Vacancy

10.00%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,208,320

Cap Rate 7%

$863,086

Cap Rate 9%

$671,289

Alternative Uses

Best Use

Warehouse

$863.1K

$755.2K – $1.01M (±1% cap)

NOI $60,416 @ 7.0% cap · market cap 5.03%

Second Best

Industrial

$710.8K

$621.9K – $829.2K (±1% cap)

NOI $49,754 @ 7.0% cap · market cap 4.15%

Theoretical Best

Specialty Retail

$14.29M

$12.50M – $16.67M (±1% cap)

NOI $1,000,120 @ 7.0% cap · market cap 83.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Embarcadero Automotive, INC. Auto Repair Shop all pro deck Painting Embarcadero Automotive Auto Repair Shop

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service Buffet Clothing & Fashion Store (Bike/Boat/Book/etc) Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13,715

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - 2,925 SF San Francisco warehouse with recent upgrades.

Where is this warehouse located?

The property is located at 843 Polk St San Francisco, CA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: ADA Compliance in 2019; New Roof installed 2016; UMB Retrofit Performed in 2002