Office Building with Data-Center
For Sale
$12,000,000
851 Howard Street, San Francisco, CA 94115
Three levels include meeting rooms, private offices, server rooms, and rear loading access.
Property Size32,160 SF
Days on Market13
Property Features for 851 Howard Street
General Information
Standard status
Active
Size
32,160 SF
Property subtype
Office
Building Details
Building Size
32,160 SF
Year Built
1924
Listing Agency:
Compass
Listed By:
Butch Haze
(415) 660-9955
Source:
Elevationrealestate
Added: Sep 25
Changed: Sep 30
Last Checked: Oct 7 at 4:57PM
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 Compass
Investment Insights
Based on property information with market context.
At 851 Howard Street, this office building has three levels of approximately 10,700 square feet each. The layout includes open work areas, conference rooms, private offices, and flexible partitions, with 15-foot ceilings and skylights. Existing building features include server and storage rooms, HVAC, automatic lighting and shades, an oversized elevator, and rear loading access. The property was built in 1924 and previously served as a PG&E data-center training and testing facility. Electrical service exceeds 1,200 amps, and the building includes commercial-kitchen infrastructure and a private garage with eight designated stalls.
The property is directly across Howard Street from Moscone Center. SFMOMA, Yerba Buena Gardens, hotels, restaurants, BART, and Muni are identified as nearby. Salesforce, Figma, Asana, Databricks, BlackRock, and Okta are also within walking distance.
The property is directly across Howard Street from Moscone Center. SFMOMA, Yerba Buena Gardens, hotels, restaurants, BART, and Muni are identified as nearby. Salesforce, Figma, Asana, Databricks, BlackRock, and Okta are also within walking distance.
Key Highlights
- Three levels of approximately 10,700 square feet each
- 15‑foot ceilings and skylights
- Electrical service exceeding 1,200 amps
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
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 include meeting rooms, private offices, server rooms, and rear loading access.
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: Three levels of approximately 10,700 square feet each; 15‑foot ceilings and skylights; Electrical service exceeding 1,200 amps
