Renovated Nob Hill Office/Retail
999 Sutter Street San Francisco, CA 94109
999 Sutter Street, San Francisco, CA, 94109
$4,500,000
For Sale
$4,500,000
Fully renovated office/retail building in San Francisco's Lower Nob Hill.
Property Size11,105 SF
Lot Size0.08 Acres
Price / SF$405.22
Days on Market535
Property Features for 999 Sutter Street
General Information
- Standard status
- Active
- Size
- 11,105 SF
- Lot size
- 0.08 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1911
Listing Agency
COMPASS COMMERCIAL
(415) 345-3000
Listed by
DAVIS NGUYEN · License #01509978
Source
Corcoran
Added: Jan 28, 2025 Checked: Jul 17 at 3:13 am
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 COMMERCIAL
Investment Insights
Based on property information with market context.
Located in the Lower Nob Hill neighborhood of San Francisco, the property at 999 Sutter Street is a fully renovated, boutique office/retail building. The building encompasses approximately 11,105 square feet (per architect) situated on a 3,281 square foot lot. It spans four floors, along with a lower level unit. Modern upgrades include key fob access to the building and interior units, new HVAC units, Meraki networking and WiFi throughout the building, Cat 5/6 cables, and Meraki Security Cameras. The roof was replaced in 2015 and was recently coated with white ceramic elastomeric coating in 2019.
Key Highlights
- Fully renovated office/retail building in Lower Nob Hill, San Francisco.
- Approximately 11,105 square feet of space across 4 floors plus a lower level unit.
- Modern upgrades including key fob access, new HVAC units, and Meraki networking/WiFi.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $489.1k | $44.04 |
| − Vacancy | −$124.2k | −$11.19 |
| EGI | $364.8k | $32.85 |
| − OpEx | −$91.2k | −$8.21 |
| NOI | $273.6k | $24.64 |
11,105 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.91M
$3.42M – $4.56M
NOI $273,631 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$50.63M
$44.30M – $59.07M
NOI $3,543,900 @ 7.0% cap · market cap 78.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Siyouneh Novshadian
Dental Office
Katya Vorobieva, MFT
Psychotherapist
Angela Hasty Psychological ...
Physician
Alice Knutson, MFT
Marriage Or Relationship Counselor
Shawn V. Giammattei, ...
Medical Clinic
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FAQs
What type of property is this?
Office building - Fully renovated office/retail building in San Francisco's Lower Nob Hill.
Where is this office building located?
The property is located at 999 Sutter Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Fully renovated office/retail building in Lower Nob Hill, San Francisco.; Approximately 11,105 square feet of space across 4 floors plus a lower level unit.; Modern upgrades including key fob access, new HVAC units, and Meraki networking/WiFi.
