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Property profile & analytics
OFF-MARKET
Estimated value
$7,460,000
Office buildings
231 Grant Ave 233 San Francisco, CA 94108-4610
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-6146615
Property summary
AI-generated overview
231 Grant Avenue in San Francisco, CA (94108) offers a unique opportunity to lease exceptional office space. This five-story building features a variety of office configurations, suitable for creative, executive, traditional, or professional businesses. Multiple tenancies are available, with spaces ranging from a minimum of 1,727 square feet to a maximum contiguous space of 9,057 square feet. Currently, 9,057 square feet of space is vacant and immediately available. The building is equipped with elevators for convenient access to all floors. The property's location on Grant Avenue places it in the heart of San Francisco, providing excellent access to public transportation, amenities, and a vibrant urban environment. This versatile property is ideal for businesses seeking a prestigious address and flexible space options to accommodate their specific needs. The property type is listed as both retail and office, offering potential for a variety of uses. Inquire today to learn more about leasing options and secure your ideal space in this desirable San Francisco location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1907
Construction
TILT-UP CONCRETE
Total area
11,440 SF
Lot
0.05 ac (1,999 SF)
Zoning code
C3R
APN
0294 -005
UPID
US09-6146615
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
-
Marlowe Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.49M
CAP Approach
CAP
$4.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.46M
Owner & transaction history
233 Grant LLC
233 Grant LLC
since 2026
Last sale
$7.5M
5 recorded transactions
Zoning & alternative use
C3R · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.0M
+2.3%
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
$7,390,000
ML approach
$7,485,000
CAP Approach
CAP Return
Estimation
6%
$5,010,000
6.5%
$4,625,000
7%
$4,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,800,000
Current use
RETAIL STORES
$9,005,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$7.46M
Range $6.71M – $8.21M · ±10% · vs last sale $7.48M (Dec 29 2023)
Last sale anchor
$7.48M
Dec 29 2023
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
$652 / 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
$108,857
Tax year 2024
Assessed value
$7,937,834
Assessed 2024
Previous assessed
$7,937,834
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$5,556,484
Assessed improvement
$2,381,350
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
5
Units
3
Rooms
17
Bathrooms
10
Total area
11,440 SF
Lot
0.05 ac (1,999 SF)
Zoning code
C3R
APN
0294 -005
UPID
US09-6146615
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C3R · San Francisco, CA
Zoning C3R · permitted uses
C3R · 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
OFFICE BUILDING Current
Est. value
$8.8M
RETAIL STORES
Est. value
$9.0M
OFFICE BUILDING Current
RETAIL STORES
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
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
5
Units
3
Rooms
17
Bathrooms
10
Lot
0.05 ac
Current owner
From public records · entity-resolved
233 Grant LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2075 PIONEER CT, SAN MATEO, CA 94403-1719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
$4,900,000
233 Grant LLC
The William Levin Trust
Grant Deed
—
Dec 29, 2023
$6,732,000
T Anne Lassahn
233 Grant 2020 LLC
Deed In Lieu Of Foreclosure
related
—
Aug 13, 2020
$7,480,000
233 Grant 2020 LLC
Hamburger Trust
Grant Deed
$6,732,000 · Hamburger Trust (pt)
Aug 13, 2020
—
Levin,william Trust
Hamburger Ann Trust
Quit Claim Deed
related
—
Mar 28, 2017
—
John Hammerman
Levin,dorothy R
Affidavit Of Death
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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