Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2346 Clement St San Francisco, CA 94121-1920

    • Commercial real estate
    • 606 SF
    OFF-MARKET
    Last Sale
    Jul 31, 2020
    $556,765
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6152030
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • A K Meats / Take-out & Catering / Butcher

    Property Details for 2346 Clement St

    Year built
    2004
    Construction
    WOOD
    Property size
    606 SF
    Zone code
    OUTER CLEMENT
    Property type
    Commercial real estate
    APN
    1409 -065
    APU
    1409065

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.485
    Latitude
    37.7823
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,875
    $423,421
    $181,466
    $604,887
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      848 SF

      6909 Geary Blvd

      COMMERCIAL CONDOMINUIM • 848 SF
      6909 Geary Blvd, San Francisco, CA 94121-1620
      View Details
    • Value Estimation
      $555,000
      2,344 SF

      6050 Geary Blvd Ste, Unit 101

      COMMERCIAL CONDOMINUIM • 2,344 SF
      6050 Geary Blvd Ste, San Francisco, CA 94121-1991
      View Details
    • Value Estimation by Request
      799 SF

      6115 Geary Blvd Ste, Unit 202

      COMMERCIAL CONDOMINUIM • 799 SF
      6115 Geary Blvd Ste, San Francisco, CA 94121-1981
      View Details
    • Value Estimation by Request
      1,032 SF

      369 18th Avecomm

      COMMERCIAL CONDOMINUIM • 1,032 SF
      369 18th Avecomm, San Francisco, CA 94121-2793
      View Details
    • Value Estimation by Request
      843 SF

      6908 Geary Blvd

      COMMERCIAL CONDOMINUIM • 843 SF
      6908 Geary Blvd, San Francisco, CA 94121-1621
      View Details
    • Value Estimation by Request
      810 SF

      3795 Balboa St

      COMMERCIAL CONDOMINUIM • 810 SF
      3795 Balboa St, San Francisco, CA 94121-2605
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,593 SF

      Restaurant Space on Clement Street

      Second generation restaurant space in vibrant Central Richmond district.
      2435 Clement St, San Francisco, CA 94121
      View Details
    • $599,000

      Richmond District Mini Supermarket

      Mini supermarket in a high-traffic Richmond District location.
      5601 Geary Blvd, San Francisco, CA 94121
      View Details
    • Contact for pricing
      2,988 SF

      Retail Building on Geary Boulevard

      Retail property available for sale in San Francisco, CA.
      5733 Geary Blvd, San Francisco, CA 94121
      View Details
    • $799,500
      1,875 SF

      Richmond District Commercial Building

      Two-story commercial building in the heart of the Richmond District.
      5842 Geary Blvd, San Francisco, CA 94121
      View Details
    • $3,728,000

      San Francisco Specialty Property Available

      Specialty property for sale in San Francisco, California.
      27Th St, San Francisco, CA 94121
      View Details
    • Contact for pricing
      5,305 SF

      Geary Boulevard Retail/Office Building

      Two-story building in Central Richmond District with investment or owner-user potential.
      5515-5517 Geary Blvd, San Francisco, CA 94121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space on Balboa Street

      900 SF retail space with excellent visibility and signage.
      3443 Balboa St, San Francisco, CA 94121
      View Details
    • $3,995 /Mo

      2609 Lake St, Unit 2

      Multifamily properties
      2609 Lake St, San Francisco, CA 94121
      View Details
    • Contact for pricing
      663 SF

      Retail Space in San Francisco

      Retail space available for lease in San Francisco.
      22nd 20Th St, San Francisco, CA 94121
      View Details
    • Contact for pricing
      500 SF

      Retail Space on Geary Boulevard

      Retail space available for rent in San Francisco, CA.
      5845 Geary Blvd, San Francisco, CA 94121
      View Details
    • Contact for pricing
      645 SF

      Retail Space in High-Traffic Area

      Retail space in San Francisco's sought-after neighborhood with high visibility.
      6001 California St, San Francisco, CA 94121
      View Details
    • Contact for pricing
      1,360 SF

      Retail Space with High Ceilings

      Flexible retail space with high ceilings and abundant natural light.
      710-758 La Playa St, San Francisco, CA 94121
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2346 Clement St
    San Francisco, CA 94121-1920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.