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Property profile & analytics
OFF-MARKET
Estimated value
$11,565,000
Medical Office Space
1600 Owens St San Francisco, CA 94158-2261
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5812693
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
STEEL FRAME
Total area
250,884 SF
Lot
1.66 ac (72,199 SF)
Zoning code
MB-RA
APN
8709 -020
UPID
US09-5812693
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
-
Kaiser Permanente Outpatient MOB Medical Clinics and Pharmacy Pharmacy
-
Occupational Health | Kaiser Permanente San Francisco Mission Bay Medical Offices Occupational Health Service
-
Obstetrics/Gynecology (OB-GYN) | Kaiser Permanente San Francisco Mission Bay Medical Offices Physician
-
Theodore Liu Physician Medical Clinic
-
Julie Seifert Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.57M
Owner & transaction history
Foun Health Plan Kaiser · 12 yrs held
Foun Health Plan Kaiser
since 2013
2 recorded transactions
Zoning & alternative use
MB-RA · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.5M
+18.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,635,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,455,000
Change: +18% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$13,575,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,190,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.57M
Range $10.41M – $12.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / 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
$3,681,530
Tax year 2024
Assessed value
$284,364,419
Assessed 2024
Previous assessed
$284,364,419
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$66,340,854
Assessed improvement
$218,023,565
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 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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Stories
10
Total area
250,884 SF
Lot
1.66 ac (72,199 SF)
Zoning code
MB-RA
APN
8709 -020
UPID
US09-5812693
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MB-RA · San Francisco, CA
Zoning MB-RA · permitted uses
MB-RA · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$15.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.5M
INDUSTRIAL (GENERAL)
Est. value
$13.6M
WAREHOUSE, STORAGE
Est. value
$13.2M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Stories
10
Lot
1.66 ac
Current owner
From public records · entity-resolved
Foun Health Plan Kaiser
Individual
Free & Clear · 12 yrs held
Mailing address
1 KAISER PLZ15L, OAKLAND, CA 94612-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2013
$55,200,000
Foun Health Plan Kaiser
Are-san Francisco 15 LLC
Grant Deed
—
Sep 16, 2009
—
Are-san Francisco 15 LLC
Focil-mb LLC
Quit Claim Deed
related
—
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.
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