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    The Largest CRE Database in the US with Over 1 Million Listings

    490 Post St San Francisco, CA 94102

    Sponsored
    For Lease
    $63 SF/Yr

    597 SF Medical Office Suite - Lease Available

    Lot size:
    597 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional 597-square-foot medical office condominium is located in the prestigious 490 Post Street building, a prominent medical/dental building in San Francisco, CA. Situated in Suite 649, this Class B space boasts a desirable location with the zip code 94102. Built in 1925 and renovated in 2009, the suite features existing plumbed dental suites with two operatories and a doctor's office (plumbed for a third operatory). A convenient in-suite restroom is included, along with access to common area restrooms. The suite benefits from operable windows, providing ample natural light. The property is zoned C-3-G and its APN is 0296-080. This single-tenancy space is currently vacant and available for lease at a rate of $5.25 per square foot. Medical and professional office uses are permitted. This rare opportunity presents a chance to acquire a commercial condominium in a highly sought-after San Francisco location. The building's established presence within the medical community makes this an ideal space for a variety of healthcare practices.

    Property Features for 490 Post St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    597 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1925/2009

    Spaces For Lease

    at 490 Post St, San Francisco, CA 94102 Contact us
    Unit

    $63 /Mo

    Size
    597 SF
    Contact us

    We can help!

    Listing Contact
    Catherine House
    Catherine House

    Learn more

    Property Insight Report

    HighLights

    • 597 SF medical office condo in prestigious 490 Post Street, San Francisco (94102).
    • Building features 24/7 security.
    • Professional management company handles HOA expenses.
    • Excellent public transportation access (BART & Muni).
    • On‑site and nearby parking options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Issa G. ... Dental Office Yu James K ... Dental Office Endodontic Arts of San ... Dental Office Union Square Endodontics Dental Office Dr. Vladimir Shuster, ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Law Firm Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.4097574
    Latitude
    37.7884071

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    FAQs

    What type of property is this?
    Medical office - 597 SF Medical Office Suite - Lease Available
    Where is this medical office located?
    The property is located at 490 Post St San Francisco, CA.
    What is the lease rate?
    The lease rate is $63 SF/Yr.
    What are key features of this property?
    This property features: 597 SF medical office condo in prestigious 490 Post Street, San Francisco (94102).; Building features 24/7 security.; Professional management company handles HOA expenses.
    Request Owner's contact information
    490 Post St San Francisco, CA 94102
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    490 Post St San Francisco, CA 94102
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    Listing Contact
    Catherine House
    Catherine House
    Real Estate License ID: DRE01990180
    Learn more
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