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    Property profile & analytics

    310 7th St San Francisco, CA 94103-4030

    • Industrial properties
    • 15,000 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5782250
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ken Fulk Inc. / Interior Designer

    Property Details for 310 7th St

    Year built
    1922
    Construction
    TILT-UP CONCRETE
    Lot size
    0.05 lot acres
    Property size
    15,000 SF
    Zone code
    SLR
    Property type
    Industrial properties
    APN
    3755 -003
    APU
    3755003

    Description

    This exceptional Class A creative office building, located at 310 7th Street in San Francisco's vibrant SOMA district, presents a rare investment opportunity. Known as "The Magic Factory," this 15,000 square foot property boasts four levels of beautifully preserved industrial architecture. Features include gorgeously sandblasted brick walls, exposed timber, bright operable industrial steel windows providing ample natural light on three sides, and original fir floors. The building's rich history includes a period as a furniture factory and later, a leather manufacturer's space, contributing to its unique character. The property includes an 11-car parking lot, a loading dock, spacious storage garage, and a large freight elevator servicing all floors. A beautiful balcony offers stunning city views. Currently vacant upon close of escrow, this property is ideal for an owner-user or investor seeking a unique and highly desirable location in the heart of San Francisco's creative hub. SOMA's blend of historic charm and modern dynamism makes it a highly sought-after area for technology companies, design agencies, and other creative businesses. The property's location offers easy access to a variety of amenities, including lively bars, restaurants, and the Folsom Street District. This is a truly exceptional opportunity to acquire a landmark property in one of San Francisco's most dynamic neighborhoods. The asking price is $7,700,000, with a price per square foot of $513.33.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $391,000
      Market price range: $391k - $1.47M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.408
    Latitude
    37.7762
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,723
    $722,430
    $985,133
    $1,707,563
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $205,000
      3,400 SF

      1060 Folsom St

      INDUSTRIAL (GENERAL) • 3,400 SF
      1060 Folsom St, San Francisco, CA 94103-4023
      View Details
    • Value Estimation
      $740,000
      27,603 SF

      1960 Folsom St, Unit 1972

      INDUSTRIAL (GENERAL) • 27,603 SF
      1960 Folsom St, San Francisco, CA 94103-4225
      View Details
    • Value Estimation
      $225,000
      3,420 SF

      76 Moss St

      INDUSTRIAL (GENERAL) • 3,420 SF
      76 Moss St, San Francisco, CA 94103-4008
      View Details
    • Value Estimation
      $225,000
      5,250 SF

      1583 Howard St

      INDUSTRIAL (GENERAL) • 5,250 SF
      1583 Howard St, San Francisco, CA 94103-2524
      View Details
    • Value Estimation
      $335,000
      12,198 SF

      1699 Howard St

      INDUSTRIAL (GENERAL) • 12,198 SF
      1699 Howard St, San Francisco, CA 94103
      View Details
    • Value Estimation
      $475,000
      103,626 SF

      100 Carolina St

      INDUSTRIAL (GENERAL) • 103,626 SF
      100 Carolina St, San Francisco, CA 94103-5118
      View Details

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    Similar Nearby for Lease

    • $29 SF/Yr
      1,770 SF

      Industrial Space Available for Lease

      1,770 square feet of industrial space for rent.
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      View Details
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      View Details
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      San Francisco Flex Space Available

      Flex space with private courtyard and roll-up door for rent.
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      View Details
    • $2 SF/Yr
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      Warehouse Space Available Now

      4,800 sqft warehouse space available for rent.
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      View Details
    • $1.75 SF/Yr
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      San Francisco Flex Space Available

      Flex space available for lease in San Francisco.
      345-349 9Th St, San Francisco, CA 94103
      View Details
    • $13,500 /Mo
      10,500 SF

      Versatile Space with Drive-In Door

      Multi-level space featuring a drive-in door and abundant natural light.
      1543-1547 Mission St, San Francisco, CA 94103
      View Details
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    310 7th St
    San Francisco, CA 94103-4030
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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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