Office Building with High-Capacity
851 Howard Street, San Francisco, CA 94115
For Sale
$12,000,000
Commercial Sale, San Francisco, CA
Property Size32,100 SF
Lot Size0.25 Acres
Price / SF$373.13
Days on Market132
Property Features for 851 Howard Street
General Information
Property type
Property subtype
Parking
Parking features
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Amenities
power infrastructure
server and storage rooms
HVAC
automatic lighting and shades
large meeting spaces
commercial-kitchen infrastructure
rear loading access
skylights
conference rooms
private offices
flexible partitions
roof with greenery, lounge seating, outdoor kitchen, skyline views
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Compass
(415) 660-9955
Listed By:
Butch Haze
(415) 250-3988
Added: Jul 6
Changed: Oct 26
Last Checked: Nov 14 at 12:06AM
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.
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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
Multifamily LT 5
$16.33M
$14.29M – $19.05M
NOI $1,142,952 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
$1,684,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in San Francisco, CA
Properties on Market for Office buildings in San Francisco
Vacancy Rate% for Office in San Francisco, CA
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
