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Property profile & analytics
FOR SALE
Retail space

2976 Mission St San Francisco, CA 94110

3,490 SF 0.07 ac lot Built 1900
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5878496
Property summary
AI-generated overview

This fully entitled redevelopment project in San Francisco's Mission District offers an exceptional investment opportunity. The approved plans encompass a 9-unit building (7 two-bedroom, 1 one-bedroom), bike storage, and a ground-floor commercial space, totaling 11,956 square feet on a 3,227 square foot lot. Located at 2976 Mission St, this prime location boasts proximity to the 24th Street BART station, SF General Hospital, and numerous popular restaurants and shops. The project benefits from convenient access to major tech companies' shuttle stops and easy commutes to downtown San Francisco, the Peninsula, South Bay, and San Francisco International Airport. With a $1,875,000 asking price ($156.83/sq ft), this project represents a streamlined path to building and selling or leasing, eliminating the seven years of entitlement work already completed by the previous owners. The NC3 zoning ensures compliance and future development potential. This is a turnkey opportunity to capitalize on the high demand for housing and commercial space in this thriving San Francisco neighborhood. The project's design caters to the area's demographic, with modern, efficient living spaces in a highly desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction WOOD
Total area 3,490 SF
Lot 0.07 ac (3,227 SF)
Zoning code NC3
APN 6529 -007A
UPID US09-5878496
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
  • El Rinconcito Catracho # 2 Restaurant
  • Nanis restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$460k
Blend (final) Blend
$750k
Owner & transaction history
El Mission Investment LLC · 13 yrs held
El Mission Investment LLC
since 2012
5 recorded transactions
2012
$760,000
2007
Price N/A
2007
Price N/A
1999
$445,000
1991
$365,000
Zoning & alternative use
NC3 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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