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Property profile & analytics
OFF-MARKET Estimated value $1,260,000
Office buildings

1449 Mendell St San Francisco, CA 94124-2315

3,575 SF 0.06 ac lot Built 1941
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5750971
Property summary
AI-generated overview

This exceptional 3,575 square foot retail space at 1449 Mendell Street presents a unique investment opportunity in the vibrant Bayview submarket. Built in 1941 and renovated in 1971, this single-tenant building boasts a striking Art Deco design, constructed of concrete. Its history includes use as a bank and, more recently, a non-profit center. The property sits on a 2,500 square foot lot and is situated on Mendell Plaza, a bustling transportation hub and cultural center. Its location offers excellent visibility and accessibility, being conveniently located off Third Street between Palou and Oakdale Streets, just two doors from the Bayview Opera House. The building features a prominent street frontage, maximizing exposure to potential customers. The property is zoned NCD, allowing for a variety of retail and commercial uses. While parking spaces are not available on-site, the convenient location and public transportation access mitigate this. This well-maintained, two-story building offers a rare chance to establish a business in a thriving and culturally rich neighborhood. The building's architectural character and prime location make it an ideal space for a discerning business owner seeking a unique and high-impact presence in the Bayview area. The property's history and current condition combine to create a compelling opportunity for a variety of commercial ventures.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1941
Construction CONCRETE
Total area 3,575 SF
Lot 0.06 ac (2,500 SF)
Zoning code NC3
APN 5323 -013
UPID US09-5750971
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
  • Project Wreckless Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.45M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.26M
Owner & transaction history
Alexander A Rashed · 9 yrs held
Alexander A Rashed
since 2017
4 recorded transactions
2017
Price N/A
2017
$1.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
NC3 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.8M +6.4%
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