Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1843 Union St San Francisco, CA 94123

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1843 Union St San Francisco, CA 94123

    View on Map
    • Retail properties & Spaces
    • 900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1843 Union St

    Property size
    900 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 900-square-foot retail storefront at 1843 Union Street in San Francisco County presents a unique opportunity for businesses seeking a prime location. The space is entirely vacant and boasts high ceilings, excellent visibility due to its placement in a high foot traffic area, and an attractive floor plan optimized for retail use. The building itself is a vintage San Francisco structure, adding character and charm. Modern finishes, including polished flooring and neutral tones, provide a blank canvas for customization, allowing businesses to easily create their ideal atmosphere. Large display windows flood the space with natural light, enhancing product visibility and creating an inviting ambiance for potential customers. The property's strategic location ensures a steady flow of foot traffic, benefiting from its proximity to public transportation and a vibrant mix of complementary businesses, including Starbucks, Sunglass Hut, Roam Burgers, and Lululemon, among others. This coveted retail space offers an unparalleled chance to establish or expand a business in a highly desirable San Francisco neighborhood. The space's compact yet functional design maximizes every square foot, creating a cozy and intimate shopping experience. Don't miss this chance to secure a thriving retail presence in a sought-after location.

    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
    -122.438
    Latitude
    37.802

    Comparable in this City

    • Value Estimation by Request
      4,466 SF

      3749 Buchanan St

      Individual retail properties • 4,466 SF
      3749 Buchanan St, San Francisco, CA 94123
      View Details
    • Value Estimation by Request
      2,416 SF

      2298 Lombard St

      Retail properties & Spaces • 2,416 SF
      2298 Lombard St, San Francisco, CA 94123
      View Details
    • Value Estimation
      $675,000
      4,100 SF

      2298 Un St

      RETAIL STORES (PERSONAL SERVICES) • 4,100 SF
      2298 Un St, San Francisco, CA 94123-3902
      View Details
    • Value Estimation
      $1,640,000
      4,690 SF

      1606 Un St, Unit 1612

      RETAIL STORES (PERSONAL SERVICES) • 4,690 SF
      1606 Un St, San Francisco, CA 94123-4507
      View Details
    • Value Estimation
      $1,680,000
      6,954 SF

      2077 Un St, Unit 2083

      RETAIL STORES (PERSONAL SERVICES) • 6,954 SF
      2077 Un St, San Francisco, CA 94123-4102
      View Details
    • Value Estimation
      $900,000
      6,055 SF

      2145 Un St, Unit 2151

      RETAIL STORES (PERSONAL SERVICES) • 6,055 SF
      2145 Un St, San Francisco, CA 94123-4003
      View Details

    Similar Nearby for Sale

    • $450,000
      688 SF

      Marina District Commercial Condo

      Versatile commercial condo in a high-traffic Marina District location.
      1734 Lombard St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      3,815 SF

      Retail Condominium For Sale/Lease

      Ground floor retail condominium with high visibility and double height ceilings.
      1501 Filbert St, San Francisco, CA 94123
      View Details
    • $695,000
      1,918 SF

      Geary Boulevard Commercial Building

      Two commercial spaces with storefront presence and development potential.
      5842 Geary Blvd, San Francisco, CA 94123
      View Details
    • $8,500,000
      11,268 SF

      Marina District Boutique Hotel Opportunity

      Boutique hotel with commercial units in prime Marina location.
      3110 Octavia St, San Francisco, CA 94123
      View Details
    • $3,350,000
      3,493 SF

      Marina District Mixed-Use Investment

      Fully leased mixed-use property with retail and residential units.
      2412 Lombard St, San Francisco, CA 94123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,883 SF

      Union Street Retail Space Available

      Retail space available on Union Street in San Francisco.
      2224-2230 Union St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      1,796 SF

      Prime Retail Space Available Now

      Expansive storefront with period details and prime location.
      2400-2416 Chestnut St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      209 SF

      Renovated Retail Space on Chestnut

      Prime retail space in a vibrant San Francisco location.
      2066-2068 Chestnut St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      928 SF

      Retail Space on Union Street

      928 SF retail space with high ceilings and display window.
      1807-1813 Union St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Pacific Heights

      Retail space for sublease in upscale Pacific Heights neighborhood.
      1872-1874 Union St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      900 SF

      Prime Retail Space on Union

      1,227 SF retail space in a high-traffic location.
      1837-1845 Union St, San Francisco, CA 94123
      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.
    1843 Union St
    San Francisco, CA 94123
    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.
    Sign Up Successful!
    You now have access to more from Realmo!