Commercial Condo For
For Sale
Contact for pricing
490 Post St Suite 239, San Francisco, CA 94102
Commercial condominium available in a major San Francisco office building.
Property Size592 SF
Price / SF$639.36
Days on Market1085
Property Features for 490 Post St Suite 239
General Information
Standard status
Active
Size
592 SF
Class
C
Property subtype
Office
Building Details
Year Built
1925
Year Renovated
2015
Listing Agency:
Blatteis Realty Co Inc
Listed By:
Gary Ward · License #DRE 01208708
(925) 997-3223
Source:
Crexi
Added: Nov 1, 2023
Changed: Oct 8
Last Checked: Oct 19 at 3:59AM
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 Blatteis Realty Co Inc
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Investment Insights
Based on property information with market context.
A commercial condominium is available for purchase at 490 Post Street, a major office building in San Francisco. The property is suitable for professional office uses. The unit provides 592 square feet of space.
Key Highlights
- Rare opportunity to purchase a commercial condominium.
- Located at 490 Post Street, a major San Francisco office building.
- Professional office uses are permitted.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,587
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,740
$291.7K
Cap Rate 7%
$208,386
$208.4K
Cap Rate 9%
$162,078
$162.1K
Market Conditions
NOI Build-Up for 592 SF
Gross rent
$26.1K $44.04/SF
− Vacancy
−$6.6K −$11.19/SF
EGI
$19.4K $32.85/SF
− OpEx
−$4.9K −$8.21/SF
NOI
$14.6K $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%
$291,740
Cap Rate 7%
$208,386
Cap Rate 9%
$162,078
Alternative Uses
Best Use
Office B
$208.4K
$182.3K – $243.1K
NOI $14,587 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,417 @ 7.0% cap · market cap 53.48%
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
28,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 94102, CA
39,432
Population
23,153
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
56,331
Density / Sq Mi
$64,781
Median Household Income
$55,873
Median Earnings
$1,517
Median Rent
$996,300
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 available in a major San Francisco office building.
Where is this office unit located?
The property is located at 490 Post St Suite 239 San Francisco, CA.
What is the asking price?
The asking price for this property is $378,500.
What are key features of this property?
This property features: Rare opportunity to purchase a commercial condominium.; Located at 490 Post Street, a major San Francisco office building.; Professional office uses are permitted.
