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    Property profile & analytics

    1550 Steiner St San Francisco, CA 94115

    • Retail space
    • 7,512 SF
    • 0.17 lot acres
    For Sale
    View listing
    $4,900,000
    Last Sale
    Nov 10, 2022
    $3,850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6119087
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1550 Steiner St

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    7,512 SF
    Zone code
    NC3
    Property type
    Retail space
    APN
    0707 -016
    APU
    707016

    Description

    This exceptional 7,500 square foot free-standing property, located at 1550 Steiner Street in San Francisco, CA 94115, presents a unique owner-user opportunity. Boasting 20-foot high ceilings throughout its column-free interior, this space is ideal for a variety of businesses seeking a flexible and expansive layout. The building sits on a generous 8,868 square foot parcel, offering ample room for expansion or outdoor amenities. Its convenient location right off the Geary Corridor provides excellent access to public transportation, major thoroughfares, and a wealth of amenities. The property's prime location is further enhanced by its proximity to a beautiful park, offering a tranquil and appealing setting for employees and clients. The asking price for this exceptional San Francisco commercial property is $4,900,000. This is a rare opportunity to acquire a substantial, well-located, and versatile property in a highly desirable area of the city. The property is classified as both Office and Industrial, and further categorized as Executive Office and Flex space, making it suitable for a wide range of uses. Don't miss this chance to own a piece of San Francisco's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,950,000
      ML approach
      $3,910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,938,000
      Market price range: $1.91M - $5.94M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,830,000
      Current use
      OFFICE BUILDING
      $3,600,000
      Change: -6% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,480,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,340,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.434
    Latitude
    37.7836
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $46,792
    $2,356,200
    $1,570,800
    $3,927,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $510,000
      0.00 Acres

      11 Peace Plz

      RETAIL STORES (PERSONAL SERVICES) • 0.00 Acres
      11 Peace Plz, San Francisco, CA 94115-3613
      View Details
    • Value Estimation
      $480,000
      6,980 SF

      1528 Fillmore St, Unit 1530

      RETAIL STORES (PERSONAL SERVICES) • 6,980 SF
      1528 Fillmore St, San Francisco, CA 94115-3516
      View Details
    • Value Estimation
      $950,000
      41,434 SF

      11 Peace Plz

      RETAIL STORES (PERSONAL SERVICES) • 41,434 SF
      11 Peace Plz, San Francisco, CA 94115-3613
      View Details
    • Value Estimation
      $710,000
      5,075 SF

      2410 California St

      RETAIL STORES (PERSONAL SERVICES) • 5,075 SF
      2410 California St, San Francisco, CA 94115-2681
      View Details
    • Value Estimation
      $630,000
      5,700 SF

      1525 Fillmore St, Unit 1529

      RETAIL STORES (PERSONAL SERVICES) • 5,700 SF
      1525 Fillmore St, San Francisco, CA 94115-3515
      View Details
    • Value Estimation
      $335,000
      3,975 SF

      1949 Post St

      RETAIL STORES (PERSONAL SERVICES) • 3,975 SF
      1949 Post St, San Francisco, CA 94115-3523
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      392 SF

      Retail Space in Iconic Building

      Retail space available in high-traffic San Francisco location.
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      Retail space in a vibrant, accessible San Francisco neighborhood.
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      View Details
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      3,500 SF

      Fillmore Street Restaurant Space Available

      Prime corner restaurant space on Fillmore Street with liquor license.
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    • Contact for pricing
      2,155 SF

      Fillmore Street Retail Space Available

      Retail space with mezzanine and double-wide storefront.
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    • $54 SF/Yr
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      Retail Space in San Francisco

      Retail space available for lease in San Francisco, CA.
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    • Contact for pricing
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      Prime Retail Space on Fillmore

      1,700 SF retail space in vibrant Lower Fillmore neighborhood.
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      View Details
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    1550 Steiner St
    San Francisco, CA 94115
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    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
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