Office Building with High-Capacity
For Sale
$12,000,000
851 Howard Street, San Francisco, CA 94115
Commercial Sale, San Francisco, CA
Property Size32,100 SF
Lot Size0.25 Acres
Price / SF$373.13
Days on Market94
Property Features for 851 Howard Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
8
Parking features
Underground/Basement, Secured, Garage
Lot features
Alley, City Lot, Freeway Nearby, Hospital Nearby, Hotel/ Motel Nearby, Light Rail Nearby, Near Public Transit, Alley, City Lot, Freeway Nearby, Hospital Nearby, Hotel/ Motel Nearby, Light Rail Nearby, Near Public Transit
Directions
3rd to Howard.
Subdivision
SF District 9
Standard status
Active
APN
3733081
Size
32,160 SF
Lot size
0.25 Acres
Amenities
server and storage rooms
HVAC
automatic lighting and shades
large meeting spaces
commercial-kitchen infrastructure
rear loading access
rooftop with greenery
lounge seating
outdoor kitchen
skyline views
skylights
Building Details
Year built
1924
Floors in Building
3
Listing Agency:
Compass
(415) 660-9955
Listed By:
Butch Haze
(415) 250-3988
Added: Jul 6
Changed: Sep 28
Last Checked: Oct 7 at 6:06PM
MLS# 426165712
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1924 office building has three levels with open work areas, conference rooms, private offices, and flexible partitions beneath 15-foot ceilings. Existing features include server and storage rooms, HVAC, automatic lighting and shades, commercial-kitchen infrastructure, rear loading access, and an oversized elevator. The building also has 1,200+ amps of power and secured garage parking with eight designated stalls.
At 851 Howard Street, the property sits across the Howard Street corridor from Moscone Center. Salesforce, Figma, Asana, Databricks, BlackRock, and Okta are within walking distance; nearby destinations include SFMOMA, Yerba Buena Gardens, hotels, restaurants, BART, and Muni.
At 851 Howard Street, the property sits across the Howard Street corridor from Moscone Center. Salesforce, Figma, Asana, Databricks, BlackRock, and Okta are within walking distance; nearby destinations include SFMOMA, Yerba Buena Gardens, hotels, restaurants, BART, and Muni.
Key Highlights
- 1,200+ amps of power
- Three levels with 15‑foot ceilings
- Eight designated stalls in a secured, underground garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$792,435
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,848,700
$15.8M
Cap Rate 7%
$11,320,500
$11.3M
Cap Rate 9%
$8,804,833
$8.8M
Market Conditions
NOI Build-Up for 32,160 SF
Gross rent
$1.42M $44.04/SF
− Vacancy
−$359.7K −$11.19/SF
EGI
$1.06M $32.85/SF
− OpEx
−$264.1K −$8.21/SF
NOI
$792.4K $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 Rate 5%
$15,848,700
Cap Rate 7%
$11,320,500
Cap Rate 9%
$8,804,833
Alternative Uses
Best Use
Office B
$11.32M
$9.91M – $13.21M
NOI $792,435 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$157.09M
$137.45M – $183.27M
NOI $10,996,187 @ 7.0% cap · market cap 91.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19,974
Businesses Nearby
Explore this area
Business Placement
Demographics for 94115, CA
35,853
Population
19,312
Households
1.9
Avg Household Size
38
Median Age
74%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
32,594
Density / Sq Mi
$154,264
Median Household Income
$103,538
Median Earnings
$2,380
Median Rent
$1,684,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Three levels combine open work areas, conference rooms, private offices, and flexible partitions.
Where is this office building located?
The property is located at 851 Howard Street San Francisco, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 1,200+ amps of power; Three levels with 15‑foot ceilings; Eight designated stalls in a secured, underground garage
