Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Union Street Commercial Condominium Title is generated by Realmo AI

    1628 Union St, San Francisco, CA 94123

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial condominium on Union Street in Cow Hollow neighborhood.

    Type:Retail, Office, Mixed Use
    Property size:
    2,139 SF
    Price / SF:
    $444/SF
    Added:
    May 22, 2024
    Days on Market:
    747
    Last Refresh:
    May 13 at 8:18 pm

    Property Features for 1628 Union St

    General Information

    Standard status
    Active
    Size
    2,139 SF
    Property subtype
    Retail, Office, Mixed Use

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Terry Everley

    Listing agent Terry Everley License #CA 01864017

    Listing office Touchstone Commercial Partners

    Listing date May 22, 2024

    Source Crexi

    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 Touchstone Commercial Partners

    HighLights

    • Prime location on coveted Union Street in Cow Hollow neighborhood.
    • Surrounded by amenities: eateries, retail, and lifestyle services.
    • Commercial condominium suitable for owner/user or investor.
    • Features nine offices, two restrooms, and a kitchenette.
    • Access to a common area patio.
    • Located in a four‑level Victorian building.

    Overview

    The property at 1628 Union Street, San Francisco, CA 94123 is a second-floor commercial condominium. Located in a four-level Victorian building, it features nine offices, two restrooms, and a kitchenette. The property also includes access to a common area patio. Situated on Union Street in the Cow Hollow neighborhood, the location offers access to amenities such as eateries, retail options, and lifestyle services. The property contains 2139 square feet and is suitable for an owner/user or investor.

    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 $94.2k $44.04
    − Vacancy −$23.9k −$11.19
    EGI $70.3k $32.85
    − OpEx −$17.6k −$8.21
    NOI $52.7k $24.64
    2,139 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $752.9K
    $658.8K – $878.4K (±1% cap)
    NOI $52,706 @ 7.0% cap · market cap 5.55%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $10.45M
    $9.14M – $12.19M (±1% cap)
    NOI $731,370 @ 7.0% cap · market cap 76.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    LIKEWOOD GEORGINA Financial Advisor Clinical Skin Care ... Medical Clinic Captulina Skincare Medical Clinic Kareltsa Industrial SA ... Marketing & Advertising

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.426299
    Latitude
    37.798545

    Nearby Similar for Sale

    • $875,000
      1,280 SF

      San Francisco Showroom For Sale

      Versatile 1,280 SF showroom in a dynamic San Francisco location.
      637 King Street R1, San Francisco, CA 94107
      View Details
    • $1,200,000
      3,075 SF

      Mixed-Use Property with Retail Apartments

      Ground-floor retail with large storefront windows paired with fully leased upstairs residential units.
      4871 Mission ST, SAN FRANCISCO, CA 94112
      View Details
    • $1,699,000
      2,912 SF

      Duplex with Tandem Garage Potential

      Rare Inner Richmond duplex offering two well-matched units plus a tandem garage and backyard with redevelopment opportunity.
      710-712 9Th Ave, San Francisco, CA 94118
      View Details
    • $399,900
      831 SF

      Ground-Floor Commercial Condo

      Flexible ground-floor unit with open layout, set in an NC-3 zone and supported by established monthly HOA dues.
      5020 Mission Street Unit 1, San Francisco, CA 94112
      View Details
    • $1,900,000
      2,536 SF

      Mixed-Use Building with Storefront

      For sale mixed-use property with a street-level storefront and three renovated residential units, delivered vacant for flexible occupancy.
      3774 Mission ST, SAN FRANCISCO, CA 94110
      View Details
    • $850,000
      752 SF

      Potrero Hill Vacant Duplex

      Vacant duplex in coveted Potrero Hill neighborhood.
      2109 22nd St, San Francisco, CA 94107
      View Details
    • $1,798,000
      3,965 SF

      Duplex with Vacant Three-Bed Unit

      Two-unit income property with one occupied 2-bedroom and one vacant 3-bedroom ready for lease-up.
      616-618 Masonic AVE, SAN FRANCISCO, CA 94117
      View Details
    • $2,200,000
      4,457 SF

      NOPA Multifamily Investment Opportunity

      Well-maintained five-unit apartment building in San Francisco's NOPA neighborhood.
      1821-1823 Oak Street, San Francisco, CA 94117
      View Details
    • $3,800,000
      3,353 SF

      Eureka Valley Multi-Family Investment

      Three-unit building in San Francisco's desirable Eureka Valley neighborhood.
      130 Grand View AVE, San Francisco, CA 94114
      View Details
    • $2,995,000
      4,850 SF

      Nob Hill Multifamily Investment Opportunity

      Classic San Francisco apartment building in prime Nob Hill location.
      1520 Leavenworth Street, San Francisco, CA 94109
      View Details
    • $3,750,000
      4,302 SF

      Mixed-Use Property in Mission District

      Well-maintained mixed-use property with retail and residential units in San Francisco.
      3265 22nd Street, San Francisco, CA 94110
      View Details
    • $18,000,000
      3,356 SF

      San Francisco Mixed-Use Trophy Asset

      Rare mixed-use property with income and residential development potential.
      3516-3518 Sacramento Street, San Francisco, CA 94118
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial condominium on Union Street in Cow Hollow neighborhood.
    Where is this office units located?
    The property is located at 1628 Union St San Francisco, CA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Prime location on coveted Union Street in Cow Hollow neighborhood.; Surrounded by amenities: eateries, retail, and lifestyle services.; Commercial condominium suitable for owner/user or investor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Terry Everley
    Real Estate License ID: CA 01864017
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1628 Union St, San Francisco, CA 94123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!