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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2346 Lombard St San Francisco, CA 94133

    • Retail residential properties
    • 11,162 SF
    • 0.09 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5825023
    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

    • Leslie Services / Tea Store
    • Hit Pot Hot Pot & Shabu House / Restaurant / Hot Pot Restaurant

    Property Details for 2346 Lombard St

    Year built
    2019
    Construction
    TILT-UP CONCRETE
    Lot size
    0.09 lot acres
    Property size
    11,162 SF
    Zone code
    NC3
    Property type
    Retail residential properties
    APN
    0489 -015
    APU
    489015

    Description

    This exceptional San Francisco commercial property, located at 2346 Lombard Street, offers versatile space ideal for a variety of businesses. The building totals 1,610 square feet and is situated in San Francisco County, California, zip code 94123. Currently, there is 510 square feet of immediately available space, perfect for a smaller business or startup. However, larger tenants can lease up to 1,100 contiguous square feet, providing ample room for expansion. The property's flexible layout caters to multiple tenants, making it suitable for shared office spaces or individual businesses. The property type is classified as Retail, Office, with subtypes including Executive Office, Commercial, Storefront, Traditional, and Restaurant, offering significant adaptability to various business needs. This prime location in San Francisco presents a unique opportunity for businesses seeking a blend of convenience and prestige. The minimum divisible space is 510 square feet, allowing for scalability based on individual requirements. This is a multi-tenant building offering a dynamic and collaborative environment. Inquire today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,150,000
      6.5%
      $3,830,000
      7%
      $3,560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.44
    Latitude
    37.7996
    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
    $61,281
    $1,280,000
    $3,840,000
    $5,120,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,075,000
      3,552 SF

      3151 Fillmore St, Unit 3155

      STORES & APARTMENTS • 3,552 SF
      3151 Fillmore St, San Francisco, CA 94123-3451
      View Details
    • Value Estimation
      $1,585,000
      6,796 SF

      3301 Fillmore St, Unit 3303

      STORES & APARTMENTS • 6,796 SF
      3301 Fillmore St, San Francisco, CA 94123-2710
      View Details
    • Value Estimation
      $2,675,000
      7,250 SF

      2300 Lombard St

      STORES & APARTMENTS • 7,250 SF
      2300 Lombard St, San Francisco, CA 94123-2602
      View Details
    • Value Estimation
      $3,515,000
      15,500 SF

      1763 Un St, Unit 1771

      STORES & APARTMENTS • 15,500 SF
      1763 Un St, San Francisco, CA 94123-4406
      View Details
    • Value Estimation
      $1,250,000
      4,950 SF

      1784 Un St, Unit 1788

      STORES & APARTMENTS • 4,950 SF
      1784 Un St, San Francisco, CA 94123-4407
      View Details
    • Value Estimation
      $1,570,000
      6,707 SF

      1837 Un St, Unit 1845

      STORES & APARTMENTS • 6,707 SF
      1837 Un St, San Francisco, CA 94123-4307
      View Details

    Similar Nearby for Sale

    • $3,350,000
      3,493 SF

      Marina District Mixed-Use Investment

      Fully leased mixed-use property with retail and residential units.
      2412 Lombard St, San Francisco, CA 94123
      View Details
    • $1,100,000
      2,139 SF

      Union Street Office Condo

      Cow Hollow Office, Vacant, $1.1M
      1628 Union St, San Francisco, CA 94123
      View Details
    • $4,100,000

      Union Street Four-Story Building

      Four-story building on Union Street with Golden Gate views.
      2250 Union St, San Francisco, CA 94123
      View Details
    • $1,995,000
      Pending

      San Francisco Duplex with Backyard

      Charming duplex in prime location with spacious backyard.
      2661-2663 Greenwich St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      3,815 SF

      Retail Condominium For Sale/Lease

      Ground floor retail condominium with high visibility and double height ceilings.
      1501 Filbert St, San Francisco, CA 94123
      View Details
    • $450,000
      688 SF

      Marina District Commercial Condo

      Versatile commercial condo in a high-traffic Marina District location.
      1734 Lombard St, San Francisco, CA 94123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,040 SF

      Union Street Retail Opportunity

      Prime San Francisco retail space available.
      2224 Union St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      1,610 SF

      Prime Retail Space on Union

      Retail space in vibrant San Francisco location for lease.
      2055 Union St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      3,157 SF

      Union Street Retail Space Available

      Retail space available on Union Street in San Francisco.
      2224-2230 Union St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      1,796 SF

      Prime Retail Space Available Now

      Expansive storefront with period details and prime location.
      2400-2416 Chestnut St, San Francisco, CA 94123
      View Details
    • $60 SF/Yr
      1,100 SF

      San Francisco Office Space Available

      Office space available for lease in San Francisco, CA.
      2001 Union St, San Francisco, CA 94123
      View Details
    • Contact for pricing
      700 SF

      Steiner Street Office Space Available

      Office space with open layout, natural light, and high traffic.
      3328-3330 Steiner St, San Francisco, CA 94123
      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 Lombard St
    San Francisco, CA 94133
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.