Downtown Commercial Condo For
490 Post Street Suite 649 San Francisco, CA 94102
490 Post Street Suite 649, San Francisco, CA, 94102
Contact for pricing
For Sale
Contact for pricing
Vacant commercial condo in a prime downtown location.
Property Size597 SF
Price / SF$750.42
Days on Market1519
Property Features for 490 Post Street Suite 649
General Information
- Standard status
- Active
- Size
- 597 SF
- Property subtype
- Office
Building Details
- Year Built
- 1925
Listing Agency
SVN | Capital West Partners
Listed by
Catherine House · License #CA DRE 01990180
Source
Crexi
Added: May 21, 2022 Checked: Jul 15 at 9:39 pm
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 SVN | Capital West Partners
Investment Insights
Based on property information with market context.
This vacant commercial condominium, formerly a 2-chair dental suite, is available for sale. Situated in the 490 Post Street building, this commercial condominium allows for both medical and professional office uses. The suite features operable windows providing natural light. The 17-story medical office building was constructed in 1925 and designed by George Kelman. The building includes a 4-level valet parking garage and has recently upgraded building systems and corridors. It also offers 24-hour security with 24/7 building access. The property is located one half block from Union Square, across from the St. Francis Hotel, and near shopping, hotels, and restaurants such as Saks Fifth Avenue, Neiman Marcus, Morton's Steakhouse, Farallon, and Postrio. Ease of access to BART and Muni bus routes is an additional benefit of this location.
Key Highlights
- Prestigious downtown location, half block from Union Square and across from St. Francis Hotel.
- Permitted for medical or professional office uses; previously a 2‑chair dental suite.
- Operable windows providing lots of natural light.
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 | $26.3k | $44.04 |
| − Vacancy | −$6.7k | −$11.19 |
| EGI | $19.6k | $32.85 |
| − OpEx | −$4.9k | −$8.21 |
| NOI | $14.7k | $24.64 |
597 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$210.1K
$183.9K – $245.2K
NOI $14,710 @ 7.0% cap · market cap 3.28%
Second Best
Healthcare Medical
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$2.92M
$2.55M – $3.40M
NOI $204,127 @ 7.0% cap · market cap 45.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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FAQs
What type of property is this?
Medical Office Space - Vacant commercial condo in a prime downtown location.
Where is this medical office space located?
The property is located at 490 Post Street Suite 649 San Francisco, CA.
What is the asking price?
The asking price for this property is $448,000.
What are key features of this property?
This property features: Prestigious downtown location, half block from Union Square and across from St. Francis Hotel.; Permitted for medical or professional office uses; previously a 2‑chair dental suite.; Operable windows providing lots of natural light.
