Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    40 Pier San Francisco, CA 94107

    • Retail properties
    • 47,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • North Beach Marine Canvas / Furniture & Home Goods
    • Rendezvous Charters / (Bike/Boat/Book/etc) Store
    • City Kayak / Water Sports Equipment Rental Service / Canoe & Kayak Rental Service
    • Spinnaker Sailing-San Francisco / Boat Rental Service / Yacht Broker
    • South Beach Riggers / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store

    Property Details for 40 Pier

    Property size
    47,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional Class A property, Pier 40, offers 47,000 square feet of completely vacant space in a prime San Francisco location. Situated on the Embarcadero in the Waterfront (South) submarket of San Francisco County, this two-story building boasts stunning waterfront views and is ideally suited for a variety of uses. The property features modern amenities including elevators and underwent a complete renovation in 2025. With multiple tenancy options available, this versatile space is perfect for creative office, flex, R&D, entertainment, restaurant, or retail businesses. The building's flexible design allows for customization to meet specific tenant needs. Permitted uses include maritime/maritime support, public market, entertainment, restaurant/retail (up to 20,000 sq ft), and office (up to 215,000 sq ft). Its central location offers unparalleled access to major transportation hubs, including Caltrain, and is within walking distance of Oracle Park, Chase Center, and the Ferry Building, placing it at the heart of San Francisco's vibrant tech, entertainment, and cultural scene. This presents a unique opportunity to establish a flagship presence in one of the city's most desirable areas. The property is zoned for a variety of uses, making it an ideal investment for businesses seeking a high-profile location with exceptional visibility and accessibility. The total building size is 47,000 square feet, all currently available. The zip code is 94107.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.389
    Latitude
    37.7799

    Comparable in this City

    • Value Estimation by Request
      36,000 SF

      617-629 Bryant St

      Restaurants • 36,000 SF
      617-629 Bryant St, San Francisco, CA 94107
      View Details
    • Value Estimation by Request
      6,895 SF

      133 Stillman St

      Life science properties • 6,895 SF
      133 Stillman St, San Francisco, CA 94107
      View Details
    • Value Estimation by Request
      28,226 SF

      577 2Nd St

      Office space • 28,226 SF
      577 2Nd St, San Francisco, CA 94107
      View Details
    • Value Estimation by Request
      14,722 SF

      560-568 Brannan St

      Flex space • 14,722 SF
      560-568 Brannan St, San Francisco, CA 94107
      View Details
    • Value Estimation by Request
      3,600 SF

      49 Lusk St

      Flex space • 3,600 SF
      49 Lusk St, San Francisco, CA 94107
      View Details
    • Value Estimation by Request
      8,500 SF

      1229-1231 Connecticut St

      Office space • 8,500 SF
      1229-1231 Connecticut St, San Francisco, CA 94107
      View Details

    Similar Nearby for Sale

    • $4,800,000
      12,700 SF

      SoMa Office Building: $4.8M

      12,700 SF Flex Office, San Francisco
      893 Folsom St, San Francisco, CA 94107
      View Details
    • $38,000,000
      6,194 SF

      San Francisco Industrial Complex

      Dogpatch Warehouse & Office Space
      1401 Illinois St, San Francisco, CA 94107
      View Details
    • $875,000
      2,575 SF

      Office Condo Near Caltrain, MUNI

      Office condo near transportation, Oracle Park, and amenities.
      San Francisco, CA 94107
      View Details
    • $4,000,000
      6,000 SF

      South Park Office Building

      6,000 SF Vacant Office, $4M
      461 Bryant St, San Francisco, CA 94107
      View Details
    • $2,250,000
      3,300 SF

      San Francisco Office Condo Investment

      Prime South Beach location, fully leased, 3,300 SF.
      699 2Nd St, San Francisco, CA 94107
      View Details
    • $875,000
      2,575 SF

      Office Condo Near Caltrain

      Office condo suitable for professional, medical, or technology uses.
      290 King St, San Francisco, CA 94107
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      92,630 SF

      Prime San Francisco Office/R&D Space

      92,630 SF Available, South Beach Location
      665 3Rd St, San Francisco, CA 94107
      View Details
    • Contact for pricing
      1,800 SF

      Retail/Restaurant/Office Space Available

      Retail, restaurant, or office space with high ceilings and patio.
      985 Folsom St, San Francisco, CA 94107
      View Details
    • Contact for pricing
      8,000 SF

      Modern Flex Facility in SoMA

      15,500 SF flex suite in thriving San Francisco neighborhood.
      361 Brannan St, San Francisco, CA 94107
      View Details
    • Contact for pricing
      1,700 SF

      Renovated R&D Space in Dogpatch

      Renovated R&D/lab space in Dogpatch, move-in ready.
      901 20Th St, San Francisco, CA 94107
      View Details
    • Contact for pricing
      11,158 SF

      San Francisco Mixed-Use Building

      11,158 SF clear span building with permitted office space.
      901 Minnesota St, San Francisco, CA 94107
      View Details
    • $37 SF/Yr
      6,659 SF

      Furnished Flex Space Near Moscone

      Fully furnished flex space with mezzanine near Moscone Center.
      848-850 Folsom St, San Francisco, CA 94107
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Pier
    San Francisco, CA 94107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.