209 9Th StSan Francisco, CA 94103

  • Mixed-use properties
  • 18,000 SF
For Sale

Property Details for 209 9Th St

Year built
1924
Construction
TILT-UP CONCRETE
Lot size
0.09 AC
Property size (Sq ft)
18,000 SF
Zone code
SLR
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
3729 -081
APU
3729081

Description

This exceptional offering presents three unique commercial condos nestled in the vibrant heart of San Francisco's SOMA district. The property, located at 209 9th Street, comprises a mixed-use building with a total of three units spread across three floors. The ground floor unit, approximately 3,000 square feet, is ideally suited for retail or office use and is priced at $1.5 million. The second and third floors each offer a full floor of office space, accessible via a recently installed ADA-compliant elevator. The second-floor condo, priced at $2.5 million, features an open office area, two private offices, a conference room, and a kitchen. The third-floor condo, also priced at $2.6 million, boasts a newly remodeled open-plan layout perfect for a creative office environment. Recent renovations include new flooring, lighting, and a modern kitchen and bathrooms. This floor also offers high ceilings, abundant natural light, and sweeping views of West SOMA and the Sutro Tower. Two additional conference rooms are also included on this floor. The building's location provides easy access to BART and numerous restaurants and amenities. SBA financing is currently approved, allowing for purchases with as little as 10% down. The total price for all three units is $6.6 million. This presents a compelling opportunity for owner-occupiers seeking a prime location and versatile space in a thriving San Francisco neighborhood. The square footage of the second and third floor units is not specified, but the total square footage for all three units ranges from 3,000 to 4,362 square feet.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,825,778
    6.5%
    $4,454,564
    7%
    $4,136,382
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,426,244
    Geo Method
    $5,020,380
  • Alternative Use

    Use
    Valuation
    Residential
    $5,523,660
    Hospitality
    $5,059,643
    Educational
    $4,209,564
    Medical
    $4,354,337
    Retail
    $6,548,210
209 9Th St, San Francisco, California
Leaflet | © OpenStreetMap contributors

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.775
Longitude
-122.413
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
$95,027
$3,833,121
$3,833,121
$7,666,242
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