Entity Owned 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
Current use
Occupant on record · Public records
-
Clothing & Fashion Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.49M
CAP Approach
CAP
$4.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.39M
Owner & transaction history
since 2026
Last sale
$7.5M
5 recorded transactions
Zoning & alternative use
C3R · San Francisco, CA
Top alternative use upside
Retail stores
$9.0M
+2.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.39M
Value range
$6.65M – $8.13M
±10% around blend
Estimated value / SF
$646 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$6.65M
blend $7.39M
$8.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,440 SF
Lot area
0.05 ac
Year built
1907
Stories
5
APN
0294 -005
Zoning
C3R
Assessed value
$7,937,834
Annual tax
$108,857
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.63M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.01M
@ 6.5% CAP return
$4.63M
@ 7% CAP return
$4.30M
4
Sales comparison
Partial preview
Sales approach indication
$6.65M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.5 mi away · 11,004 SF
7.1 mi away · 11,209 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.39M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$769
-16%
Submarket 244 sales
$479
+35%
County 244 sales
$479
+35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $646/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+2%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
4.10%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$524k *
Last sale · Dec 2023
$7.48M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.77M
Move the market yield to see immediate price impact.
Value / SF
$1,116
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.60%4.10%4.60%
$471k
$13.09M
$11.49M
$10.24M
$524k
$14.54M
$12.77M
$11.38M
$576k
$16.00M
$14.05M
$12.52M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$4.60M
1.9 mi · Dec 2025 · $373/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, CAZoning C3R · permitted uses
C3R · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3R
Jurisdiction
San Francisco, CA
Recorded code
C3R
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3R in San Francisco, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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