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Property profile & analytics
FOR LEASE
Retail space
1189 Potrero Ave San Francisco, CA 94110
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5827009
For Lease
1 / 2
$1,370,000
1189 Potrero Ave, San Francisco, CA 94110
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
WOOD
Total area
10,875 SF
Lot
0.62 ac (26,825 SF)
Zoning code
NCT1
APN
4212 -019
UPID
US09-5827009
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walgreens Cosmetic Store
-
Samuel Y. Lim, PharmD Pharmacy
-
Nicholas Checket, PharmD Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
ATM Walgreens Store 3711 Atm Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
24th Of Potrero Partners LP · 9 yrs held
24th Of Potrero Partners LP
since 2017
7 recorded transactions
Zoning & alternative use
NCT1 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Francisco submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$83,279
Tax year 2024
Assessed value
$7,041,744
Assessed 2024
Previous assessed
$7,041,744
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,299,604
Assessed improvement
$4,742,140
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1997
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,875 SF
Lot
0.62 ac (26,825 SF)
Zoning code
NCT1
APN
4212 -019
UPID
US09-5827009
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
NCT1 · San Francisco, CA
Zoning NCT1 · permitted uses
NCT1 · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Francisco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
24th Of Potrero Partners LP
Entity
Mailing address
940 EMMETT AVE STE #200, BELMONT, CA 94002-3864
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
24th Potrero Partners LP
—
Deed
related
$24,000,000 · Wells Fargo Bank NA
Jan 31, 2017
$300,000
24th Of Potrero Partners LP
Stockton Of Hammer Lane Grocery P
Grant Deed
—
Dec 31, 2015
$353,500
Stockton Of Hammer Lane Grocery P
Glik LLC
Grant Deed
—
Dec 31, 2015
—
Stockton Of Hammer Lane Grocery
Glik LLC
Grant Deed
related
—
Aug 5, 2015
—
Glik LLC
24th Of Potrero Partners LP
Quit Claim Deed
related
—
Oct 17, 1997
—
24th/potrero Partners LP
—
Deed Of Trust
related
$14,190,000 · Column Financial INC
May 18, 1988
$1,650,000
J. David Gla
Plant
Grant Deed
—
Apr 29, 1988
$1,250,500
Plant Properties
Clayt
Grant Deed
—
Apr 11, 1988
$1,364,400
Plant Properties
Abbet
Grant Deed
—
—
—
24th Of Potrero Partners LP
—
Deed Of Trust
related
$17,000,000 · Comerica Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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