Union Street Commercial
1628 Union St San Francisco, CA 94123
1628 Union St, San Francisco, CA, 94123
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For Sale
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Commercial condominium on Union Street in Cow Hollow neighborhood.
Property Size2,139 SF
Price / SF$444.13
Days on Market793
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
Listing agency
Touchstone Commercial Partners
(415) 539-1108
Listed by
Terry Everley · License #CA 01864017
Source
Crexi
Added: May 22, 2024 Updated: Jul 6 at 8:33AM Checked: Jul 22 at 6:17PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
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
NOI $731,370 @ 7.0% cap · market cap 76.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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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.
