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    Property profile & analytics

    699 Spruce St San Francisco, CA 94118

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cindy Shu Therapy / Psychotherapist
    • Roxana Alexis Ortiz, LMFT / Psychotherapist
    • Helen Star, MFT / Psychotherapist
    • Jules Osborne / Psychotherapist
    • Takako Ainsworth LCSW / Psychotherapist

    Property Details for 699 Spruce St

    Property type
    Office Properties & Spaces
    Property subtype
    Coworking space

    Description

    This exceptional second-floor office space, located at 699 Spruce Street in San Francisco's Richmond District, offers a unique opportunity for businesses seeking a prestigious and convenient location. The entire floor is available for lease, providing ample space for a variety of office configurations. The suite features private offices, ensuring privacy and individual workspaces, along with a convenient private walk-up entrance. The building is situated near the bustling Geary Boulevard, offering easy access to a diverse range of amenities, including restaurants, medical facilities, and shops. The Richmond District itself is known for its residential character, providing a peaceful and productive work environment while still being within easy reach of the city's vibrant center. This single-tenancy space is ideal for companies seeking a blend of quiet residential surroundings and convenient access to essential services and transportation. The property type is classified as Traditional Office, Creative Office, Coworking, and Executive Office, making it suitable for a wide range of business needs. This full-floor opportunity presents a rare chance to secure a well-appointed office space in a highly desirable San Francisco neighborhood. The property is located in San Francisco County and is easily accessible via Geary Boulevard. The space is perfect for businesses seeking a blend of privacy and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.453
    Latitude
    37.7818

    Comparable in this City

    • Value Estimation
      $340,000
      1,179 SF

      4318 Geary Blvd Ste, Unit 201

      CONDOMINIUM OFFICES • 1,179 SF
      4318 Geary Blvd Ste, San Francisco, CA 94118-3000
      View Details
    • Value Estimation
      $1,130,000
      2,072 SF

      3378 Sacramento St

      CONDOMINIUM OFFICES • 2,072 SF
      3378 Sacramento St, San Francisco, CA 94118-1912
      View Details
    • Value Estimation by Request
      5,000 SF

      3450 California St

      Office Properties & Spaces • 5,000 SF
      3450 California St, San Francisco, CA 94118
      View Details
    • Value Estimation by Request
      2,900 SF

      3502 Geary Blvd

      Office Properties & Spaces • 2,900 SF
      3502 Geary Blvd, San Francisco, CA 94118
      View Details
    • Value Estimation
      $720,000
      1,065 SF

      3113 Geary Blvd

      CONDOMINIUM OFFICES • 1,065 SF
      3113 Geary Blvd, San Francisco, CA 94118-3316
      View Details
    • Value Estimation
      $445,000
      1,648 SF

      525 Spruce St

      CONDOMINIUM OFFICES • 1,648 SF
      525 Spruce St, San Francisco, CA 94118-2681
      View Details

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    • $1,595,000
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      Retail Property on Geary Boulevard

      Two-unit retail property in a high-demand San Francisco market.
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    Similar Nearby for Lease

    • Contact for pricing
      9,860 SF

      Geary Boulevard Office Space Available

      Office space for lease with secured parking and immediate occupancy.
      3360-3380 Geary Blvd, San Francisco, CA 94118
      View Details
    • Contact for pricing
      7,829 SF

      Geary Boulevard Office Space Available

      Office and creative spaces for rent on Geary Boulevard.
      5644 Geary Blvd, San Francisco, CA 94118
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    • $32 SF/Yr
      2,900 SF

      Full Floor Office Space Available

      Full floor office space with excellent natural light.
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      View Details
    • $3 SF/Yr
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      1st Floor Office Space

      1,400 SF office space with four private offices.
      3626 Sacramento St, San Francisco, CA 94118
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      5,000 SF

      Office Space Near Laurel Village

      Private office space with parking across from Laurel Village.
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      1,542 SF

      Prime San Francisco Executive Office Space

      15th Ave. Executive Suites - San Francisco
      411 15Th Ave, San Francisco, CA 94118
      View Details
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    699 Spruce St
    San Francisco, CA 94118
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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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