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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Retail residential properties
1924 Polk St 1930 San Francisco, CA 94109-3006
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5741183
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1904
Construction
WOOD
Total area
2,150 SF
Lot
0.03 ac (1,481 SF)
Zoning code
POLK
APN
0596 -023
UPID
US09-5741183
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
-
Bird School of Music Vocational School Training Center
-
Bird Records Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Lane Murchison · 1 yrs held
Lane Murchison
since 2025
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
POLK · 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
$867 / 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
$24,521
Tax year 2024
Assessed value
$1,913,204
Assessed 2024
Previous assessed
$1,913,204
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,147,925
Assessed improvement
$765,279
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1904
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Rooms
6
Bathrooms
2
Total area
2,150 SF
Lot
0.03 ac (1,481 SF)
Zoning code
POLK
APN
0596 -023
UPID
US09-5741183
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
POLK · San Francisco, CA
Zoning POLK · permitted uses
POLK · 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
1904
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Rooms
6
Bathrooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Lane Murchison
Individual
Mailing address
6677 WESTSIDE RD, HEALDSBURG, CA 95448-8324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
$2,000,000
Lane Murchison
Polk Birdsong LLC
Grant Deed
$1,800,000 · Birdseed Trust
May 28, 2024
—
Polk Birdsong LLC
Jeffrey W Ubben
Grant Deed
—
Feb 28, 2005
$1,400,000
Ubben 2000 Trust
Brown,terry D
Grant Deed
—
Oct 19, 2004
—
Terry D Brown
Brown,caroline
Quit Claim Deed
related
—
Oct 19, 2004
$1,025,000
Terry D Brown
Ratner Nathan Trust
Grant Deed
$820,000 · Integrated Mortgage Strategies
Mar 29, 2004
—
Nathan I Ratner
Ratner,nettie
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.
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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