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Property profile & analytics
OFF-MARKET Estimated value $7,075,000
Warehouses

1908 Innes Ave 1950 San Francisco, CA 94124-1623

27,884 SF 1.07 ac lot Built 1964
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5853792
Property summary
AI-generated overview

This exceptional 29,250-square-foot industrial warehouse, located at 1908-1950 Innes Ave in San Francisco, CA 94124, presents a unique investment opportunity. The property comprises two single-story buildings constructed in 1964 and fully renovated in 2024, situated on a substantial 60,629-square-foot lot. The renovation included a new, energy-efficient building envelope, roofing, and fencing, enhancing both functionality and aesthetics. The property boasts a 20-foot ceiling height and offers ample yard space (approximately 31,379 square feet) ideal for parking and outdoor storage. Its PDR-2 zoning allows for diverse industrial uses, including cannabis production within the designated "Green Zone." Conveniently located with easy access to I-280 and Highway 101, this vacant property is ready for immediate occupancy, starting November 1, 2024. Abundant power sources are available. This owner/user opportunity is perfect for businesses seeking a modern, well-maintained industrial space in a prime San Francisco location, where inventory is limited. The property's private yard and recent upgrades make it an attractive investment for those seeking a high-return asset in a competitive market. APN: 5250-005.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1964
Construction TYPE NOT SPECIFIED
Total area 27,884 SF
Lot 1.07 ac (46,720 SF)
Zoning code M1
APN 5250 -005
UPID US09-5853792
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.07M
CAP Approach CAP
$8.86M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.08M
Owner & transaction history
Innes Group LLC · 4 yrs held
Innes Group LLC
since 2021
Last sale
$7.1M
7 recorded transactions
2021
$7.1M
2017
Price N/A
2017
Price N/A
2016
Price N/A
2016
Price N/A
2014
Price N/A
2009
Price N/A
Zoning & alternative use
M1 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $4.7M +325.8%
Retail stores $4.6M +321.7%
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