Union Street Commercial
For Sale
Contact for pricing
1628 Union St, San Francisco, CA 94123
Commercial condominium on Union Street in Cow Hollow neighborhood.
Property Size2,139 SF
Price / SF$444.13
Days on Market889
Property Features for 1628 Union St
General Information
Standard status
Active
Size
2,139 SF
Property subtype
Retail, Office, Mixed Use
Zoning
NCD - Union Street Neighborhood Commercial
Occupancy
33%
Lease Type
Gross
Site & Location
Neighborhood
Marina
Building Details
Year Built
1900
Listing Agency:
Touchstone Commercial Partners
Listed By:
Terry Everley · License #CA 01864017
(415) 359-7665
Source:
Crexi
Added: May 22, 2024
Changed: Oct 26
Last Checked: Oct 26 at 1:14PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,706
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,120
$1.1M
Cap Rate 7%
$752,943
$752.9K
Cap Rate 9%
$585,622
$585.6K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$94.2K $44.04/SF
− Vacancy
−$23.9K −$11.19/SF
EGI
$70.3K $32.85/SF
− OpEx
−$17.6K −$8.21/SF
NOI
$52.7K $24.64/SF
Area
San Francisco, CA
Vacancy
25.40%
Lease Rate
$44.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,120
Cap Rate 7%
$752,943
Cap Rate 9%
$585,622
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,806
Businesses Nearby
Explore this area
Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Office unit - Commercial condominium on Union Street in Cow Hollow neighborhood.
Where is this office unit 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.
