9-625 Larkin St, San Francisco, CA 94102

Listing Agency: Block Change Real Estate Show Phone

Listed By: Thao Dang & Brian Ng · License #70013767 Show Phone

Source: Exprealty

Added: Oct 21 Changed: Nov 6 Last Checked: Nov 6 at 2:19PM

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Investment Insights

Based on property information with market context.

At 625 Larkin Street, this San Francisco mixed-use property occupies a corner site and includes restaurant equipment. The property also comes with an upstairs condominium unit of approximately 3,242 square feet. Restaurant or food-service use would be subject to applicable approvals.

The property is in San Francisco, with surrounding residences, businesses, shops, dining, and public transportation identified nearby. It was previously occupied by Lee's Sandwiches.

Key Highlights

• Corner property at 625 Larkin Street in San Francisco
• Includes an upstairs condominium unit of approximately 3,242 square feet
• Restaurant equipment is included in the sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,337

Cap Rate

3.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,446,740 $1.4M

Cap Rate 7%

$1,033,386 $1.0M

Cap Rate 9%

$803,744 $803.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,242 SF

Gross rent

$136.2K $42.00/SF

− Vacancy

−$20.4K −$6.30/SF

EGI

$115.7K $35.70/SF

− OpEx

−$43.4K −$13.39/SF

NOI

$72.3K $22.31/SF

Area

San Francisco, CA

Vacancy

15.00%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,446,740

Cap Rate 7%

$1,033,386

Cap Rate 9%

$803,744

Alternative Uses

Best Use

Specialty Retail

$15.84M

$13.86M – $18.48M (±1% cap)

NOI $1,108,509 @ 7.0% cap · market cap 55.46%

Second Best

Mixed Use

$1.03M

$904.2K – $1.21M (±1% cap)

NOI $72,337 @ 7.0% cap · market cap 3.62%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Parts Store HVAC Service Garden Center Grocery & Convenience Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14,431

Businesses Nearby

51k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 62% Hotels & Casinos 20% Apparel 12% Dining 6%

Shell Shops & Services

13,361 visits/mo 0.3 miles

Wells Fargo Shops & Services

8,374 visits/mo 0.1 miles

Courtyard by Marriott San Francisco Downtown/Van Ness Ave. Hotels & Casinos

5,529 visits/mo 0.5 miles

Allbirds Apparel

4,463 visits/mo 0.4 miles

Enterprise Rent-A-Car Shops & Services

4,409 visits/mo 0.5 miles

Demographics for 94102, CA

39,432

Population

23,153

Households

1.7

Avg Household Size

40

Median Age

42%

College-Educated

81%

High-School Grad

0.7 sq mi

ZIP Area

56,331

Density / Sq Mi

$64,781

Median Household Income

$55,873

Median Earnings

$1,517

Median Rent

$996,300

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in San Francisco, CA

$588 Jul

$550 Aug

$560 Sep

$538 Oct

Properties on Market for Mixed-use properties in San Francisco

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in San Francisco, CA

4.8% 2019

6.5% 2020

6.6% 2021

6.3% 2022

6.4% 2023

6.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Restaurant equipment and an upstairs condominium unit are included in the sale.

Where is this mixed-use property located?

The property is located at 9-625 Larkin St San Francisco, CA.

What is the asking price?

The asking price for this property is $1,998,800.

What are key features of this property?

This property features: Corner property at 625 Larkin Street in San Francisco; Includes an upstairs condominium unit of approximately 3,242 square feet; Restaurant equipment is included in the sale