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    699 2Nd St San Francisco, CA 94107

    Sponsored
    For Sale
    $2,250,000

    Prime South Beach location, fully leased, 3,300 SF.

    Property size:
    3,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, ±3,300 square foot retail/office condominium located at 699 2nd Street in San Francisco's vibrant South Beach district. The property boasts a sleek, modern design with high ceilings and abundant natural light, creating a flexible space suitable for various business types. A large storefront with expansive windows ensures maximum visibility. The interior features two conference rooms and a kitchenette, complemented by state-of-the-art technology including high-speed internet and advanced telecommunications. Security is enhanced by an electronic system and 24/7 access. Six deeded parking spaces are included in a gated garage, five of which are currently leased to the tenant. The building offers a rooftop deck with stunning city views. This prime location is easily accessible by public transportation and is surrounded by numerous tech companies, restaurants, shops, hotels, the Embarcadero, Oracle Park, and Chase Center. The current lease is a single tenancy with a 5-year term commencing June 1, 2023, and expiring May 31, 2028, leaving 3.5 years remaining. The asking price is $2,250,000, representing a 5.00% cap rate and a price per square foot of $681.82. The property is a single-tenant occupancy. This is an ideal investment for those seeking a strong return in a highly desirable San Francisco location. The property is located in San Francisco County, California, zip code 94107.

    Property Features for 699 2Nd St

    General Information

    Property type
    Office space
    Square Feet
    3,300 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Pacific Union International Real Estate Agency NEW DEVELOPMENT GROUP Real Estate Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store Pharmacy

    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
    -122.39066406978
    Latitude
    37.780704643658

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    FAQs

    What type of property is this?
    Office space - Prime South Beach location, fully leased, 3,300 SF.
    Where is this office space located?
    The property is located at 699 2Nd St San Francisco, CA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    Request Owner's contact information
    699 2Nd St San Francisco, CA 94107
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    Realmo Value Estimation

    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.

    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.

    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
    699 2Nd St San Francisco, CA 94107
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