Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    515 Columbus Ave San Francisco, CA 94133
    Back to Search
    Property profile & analytics

    515 Columbus Ave, San Francisco, CA 94133

    View on Map
    • Restaurants
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 515 Columbus Ave

    Property type
    Restaurants

    Description

    This exceptional 1,150 square foot restaurant space at 515 Columbus Avenue in San Francisco's vibrant North Beach neighborhood presents a unique investment opportunity. Located just steps from Washington Square Park, this single-tenant property boasts a highly desirable location surrounded by established businesses such as Caffe Greco and Franchino, ensuring consistent foot and vehicle traffic. The space features a mezzanine, and will be delivered as a "warm vanilla shell," allowing for complete customization to suit your vision. The property includes a significant 15-foot window frontage, providing excellent signage opportunities to maximize visibility. Its convenient location offers easy access to public transportation, and the space is well-suited for al fresco dining. The property benefits from a Walk Score of 100 ("Walker's Paradise") and a Transit Score of 86 ("Excellent Transit"), underscoring its accessibility and desirability. This is a rare chance to acquire a thriving restaurant space in one of San Francisco's most iconic neighborhoods. The property is located in San Francisco County, CA, zip code 94133.

    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
    -122.41
    Latitude
    37.7998

    Comparable in this City

    • Value Estimation by Request
      913 SF

      495 Bay St

      Restaurants
      495 Bay St, San Francisco, CA 94133
      View Details
    • Value Estimation by Request
      34,228 SF

      145 Jefferson St

      Restaurants
      145 Jefferson St, San Francisco, CA 94133
      View Details
    • Value Estimation by Request

      439 Greenwich St, Unit 16P

      PARKING LOT
      439 Greenwich St, San Francisco, CA 94133-3042
      View Details
    • Value Estimation by Request
      0.11 Acres

      470 Broadway

      PARKING LOT
      470 Broadway, San Francisco, CA 94133-4515
      View Details
    • Value Estimation by Request
      0.12 Acres

      530 Broadway

      PARKING LOT
      530 Broadway, San Francisco, CA 94133-4507
      View Details
    • Value Estimation
      $805,000
      6,100 SF

      430 Bch St, Unit 498

      PARKING LOT
      430 Bch St, San Francisco, CA 94133-1102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,188 SF

      North Beach Restaurant Opportunity

      Restaurant property in prime North Beach location with development potential.
      545 Francisco St, San Francisco, CA 94133
      View Details
    • Contact for pricing
      8,160 SF

      Iconic North Beach Retail Asset

      Prime retail property in the heart of North Beach.
      580 Green St, San Francisco, CA 94133
      View Details
    • $3,430,000
      5,971 SF

      North Beach Commercial Space

      Vacant commercial space with high ceilings and equipped test kitchen.
      465 Green St, San Francisco, CA 94133
      View Details
    • Contact for pricing
      10,572 SF

      North Beach Retail and Parking

      Retail property and parking lot with redevelopment potential in San Francisco.
      1040-2315 Columbus Ave, San Francisco, CA 94133
      View Details
    • Contact for pricing
      6,400 SF

      San Francisco Restaurant and Bar

      Well-maintained restaurant and bar in a core San Francisco location.
      1512 Stockton St, San Francisco, CA 94133
      View Details
    • $2,700,000
      4,092 SF

      Kearny Street Mixed-Use Building

      Mixed-use building in a central San Francisco location.
      1042 Kearny St, San Francisco, CA 94133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,072 SF

      Prime Fisherman's Wharf Retail Space

      Retail space in Fisherman's Wharf, opening Summer 2026.
      211 Jefferson St, San Francisco, CA 94133
      View Details
    • Contact for pricing
      2,349 SF

      North Beach Restaurant Space Available

      Restaurant space in San Francisco's North Beach neighborhood.
      1501-1503 Grant Ave, San Francisco, CA 94133
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in San Francisco.
      373 Broadway, San Francisco, CA 94133
      View Details
    • Contact for pricing
      3,180 SF

      San Francisco Restaurant/Retail Space

      Restaurant or retail space with desirable features in San Francisco.
      145 Jefferson St, San Francisco, CA 94133
      View Details
    • Contact for pricing
      4,363 SF

      Restaurant Space on Jefferson Street

      Second-generation restaurant space with outdoor seating and excellent visibility.
      300 Jefferson St, San Francisco, CA 94133
      View Details
    • Contact for pricing
      5,978 SF

      Restaurant Space with Outdoor Patio

      Restaurant space featuring a large outdoor patio and updated kitchen.
      478 Green St, San Francisco, CA 94133
      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.
    515 Columbus Ave
    San Francisco, CA 94133
    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

    Thank You for Inquiry
    515 Columbus Ave, San Francisco, CA, 94133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!