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    Property profile & analytics

    2275 Market St San Francisco, CA 94114-1662

    • Retail space
    • 21,138 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5868641
    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

    • Dinosaurs Sandwiches / Sandwich Shop
    • Alex Fitness / Fitness Center / Gym
    • Fortitude Fitness San Francisco / Personal Trainer
    • Sushi Time / Sushi Restaurant
    • Queer LifeSpace / Psychotherapist / Gay & Lesbian Organization

    Property Details for 2275 Market St

    Year built
    1981
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    21,138 SF
    Zone code
    NCT1
    Property type
    Retail space
    APN
    3559 -013
    APU
    3559013

    Description

    This exceptional retail space, located at 2275 Market Street in San Francisco, CA 94114, offers approximately 1400 square feet of high-visibility storefront space within a bustling three-level atrium shopping center. The property boasts a prime location at the corner of Market and Noe Streets in the vibrant Castro/Upper Market neighborhood, ensuring significant foot traffic and excellent visibility. The building enjoys a strong tenant mix, including established businesses such as Ohm Thai Massage, Sushi Time, Dinosaurs sandwich shop, SF Therapy Collective, and Alex Fitness, creating a thriving commercial environment. This single-tenancy retail store benefits from both pedestrian and vehicular traffic, making it an ideal location for a variety of businesses. The open atrium design provides ample natural light and creates a welcoming atmosphere for customers. The property's reasonable rent makes it an attractive opportunity for businesses seeking a high-traffic location in a desirable San Francisco neighborhood. This is a rare opportunity to secure a well-positioned retail space in a thriving commercial area with a strong existing tenant base. The property is easily accessible and benefits from the high volume of pedestrian traffic characteristic of this busy San Francisco location.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.432
    Latitude
    37.7646
    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
    $106,413
    $4,535,412
    $4,074,367
    $8,609,779
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,392 SF

      2500 Market St

      RETAIL STORES (PERSONAL SERVICES) • 3,392 SF
      2500 Market St, San Francisco, CA 94114-1915
      View Details
    • Value Estimation by Request
      3,574 SF

      4248 18th St

      RETAIL STORES (PERSONAL SERVICES) • 3,574 SF
      4248 18th St, San Francisco, CA 94114-2410
      View Details
    • Value Estimation by Request
      7,568 SF

      3998 24th St

      RETAIL STORES (PERSONAL SERVICES) • 7,568 SF
      3998 24th St, San Francisco, CA 94114-3704
      View Details
    • Value Estimation by Request
      3,046 SF

      3810 24Th St

      Day care centers • 3,046 SF
      3810 24Th St, San Francisco, CA 94114
      View Details
    • Value Estimation
      $2,385,000
      1,250 SF

      4054 24th St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      4054 24th St, San Francisco, CA 94114-3716
      View Details
    • Value Estimation by Request
      0.03 Acres

      4686 18th St

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      4686 18th St, San Francisco, CA 94114-1834
      View Details

    Similar Nearby for Sale

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      1,541 SF

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    Similar Nearby for Lease

    • Contact for pricing
      14,114 SF

      Prime Corner Retail Space Available

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      Prime Noe Valley Retail Space

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    • $27 SF/Yr
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      Retail Space on Church Street

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      2,515 SF

      Retail Space in Upper Market

      2,515 SF retail space in high-visibility Upper Market location.
      2238-2240 Market St, San Francisco, CA 94114
      View Details
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    2275 Market St
    San Francisco, CA 94114-1662
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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.

    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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