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    Property profile & analytics

    655 Ellis St San Francisco, CA 94109-8027

    • Motels
    • 50,099 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6155900
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotel Le Steinzel / Hostel
    • Zipcar / Car Rental Agency / Transportation Service
    • Express Parking / Parking Lot
    • Cova Hotel / Hotel / Extended Stay Hotel
    • Getaround / Car Rental Agency / Car Sharing Location

    Property Details for 655 Ellis St

    Year built
    1969
    Construction
    STEEL FRAME
    Lot size
    0.52 lot acres
    Property size
    50,099 SF
    Zone code
    RC4
    Property type
    Motels
    APN
    0335 -027
    APU
    335027

    Description

    This exceptional 96-key hotel in San Francisco, CA, presents a compelling investment opportunity. Located at 655 Ellis St, in the heart of the city (zip code 94109), this eight-story, 50,099 square foot property boasts a strong 80% occupancy rate and a substantial net operating income (NOI) of $2,177,184, yielding an attractive 8.12% cap rate. Built in 1969, the hotel sits on a 0.52-acre lot and is currently offered at $24,000,000 ($479.05/sq ft). The property features a range of amenities including a fitness center, on-site restaurant, conference rooms, rooftop deck, and lounge. The hotel offers stunning city views and 85 parking spaces for guests and staff. Currently vacant, this property presents significant upside potential for a new owner. Its central location provides excellent access to public transportation and city services, making it ideally suited for repositioning as a thriving hospitality business, or conversion to student or government-assisted housing. The existing restaurant and parking lot also offer potential for further development. This is a rare chance to acquire a well-situated asset in a consistently high-performing hospitality market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,346,000
      Market price range: $1.35M - $3.00M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.417
    Latitude
    37.784
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $86,791
    $2,996,075
    $3,193,254
    $6,189,329
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $525,000
      10,080 SF

      825 Polk St

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    • Value Estimation
      $720,000
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      2850 Van Ness Ave

      MOTEL • 12,059 SF
      2850 Van Ness Ave, San Francisco, CA 94109-1426
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    • Value Estimation
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      1565 Broadway

      MOTEL • 9,903 SF
      1565 Broadway, San Francisco, CA 94109-2515
      View Details
    • Value Estimation
      $715,000
      62,520 SF

      2775 Van Ness Ave

      MOTEL • 62,520 SF
      2775 Van Ness Ave, San Francisco, CA 94109-1423
      View Details
    • Value Estimation
      $435,000
      0.21 Acres

      1630 Pacific Ave

      MOTEL • 0.21 Acres
      1630 Pacific Ave, San Francisco, CA 94109-2518
      View Details
    • Value Estimation
      $9,905,000
      33,564 SF

      895 Geary St

      MOTEL • 33,564 SF
      895 Geary St, San Francisco, CA 94109-7217
      View Details

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      Retail Space with High Ceilings

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    655 Ellis St
    San Francisco, CA 94109-8027
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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
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