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

    3050 23rd St San Francisco, CA 94110-3331

    • Office buildings
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5774785
    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

    • Maximum Flavor Media / Video Production Service / Film Production Company

    Property Details for 3050 23rd St

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.42 lot acres
    Zone code
    UMU
    Property type
    Office buildings
    APN
    3639 -004B
    APU
    3639004B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.413
    Latitude
    37.7545
    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
    $94,990
    $7,505,413
    $536,099
    $8,041,512
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $860,000
      28,693 SF

      2712 Msn St

      OFFICE BUILDING • 28,693 SF
      2712 Msn St, San Francisco, CA 94110-3104
      View Details
    • Value Estimation
      $280,000
      5,240 SF

      1457 Valencia St, Unit 1463

      OFFICE BUILDING • 5,240 SF
      1457 Valencia St, San Francisco, CA 94110-3716
      View Details
    • Value Estimation
      $860,000
      35,000 SF

      3175 18th St

      OFFICE BUILDING • 35,000 SF
      3175 18th St, San Francisco, CA 94110
      View Details
    • Value Estimation
      $255,000
      117 SF

      3031 Msn St

      OFFICE BUILDING • 117 SF
      3031 Msn St, San Francisco, CA 94110-4501
      View Details
    • Value Estimation
      $150,000
      10,934 SF

      2750 19th St

      OFFICE BUILDING • 10,934 SF
      2750 19th St, San Francisco, CA 94110-2124
      View Details
    • Value Estimation
      $900,000
      37,104 SF

      3180 18th St, Unit 3198

      OFFICE BUILDING • 37,104 SF
      3180 18th St, San Francisco, CA 94110-2043
      View Details

    Similar Nearby for Sale

    • $4,780,000
      11,980 SF

      San Francisco Office Building For Sale

      Office building available for purchase in San Francisco, CA.
      1968-1984 Mission St, San Francisco, CA 94110
      View Details
    • $1,975,000
      5,050 SF

      Flex-Industrial Building with Office Space

      Vacant flex-industrial building with second-floor office space for sale.
      3254 19Th St, San Francisco, CA 94110
      View Details
    • $4,500,000
      8,355 SF

      636 Potrero Ave

      Flex space • 8,355 SF
      636 Potrero Ave, San Francisco, CA 94110
      View Details
    • Contact for pricing
      3,000 SF

      San Francisco Production Studio

      Turnkey Studio, 3000 sq ft, CA
      2773 Folsom St, San Francisco, CA 94110
      View Details
    • $595,000
      1,278 SF

      Flexible Commercial Condo in Noe

      Spacious commercial condo ideal for various business uses.
      3415 Cesar Chavez St, San Francisco, CA 94110
      View Details
    • $4,350,000
      4,200 SF

      Flex Office Space For Sale

      Flex office space ideal for owner-user with secured parking.
      1200 Treat Ave, San Francisco, CA 94110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,608 SF

      Renovated Office Building with Amenities

      Unique office building featuring a landscaped courtyard and secured parking.
      500-550 Treat Ave, San Francisco, CA 94110
      View Details
    • Contact for pricing
      2,089 SF

      South Park Full Building Opportunity

      2,089 SF office space with high ceilings and parking.
      123 S Park St, San Francisco, CA 94110
      View Details
    • Contact for pricing
      3,226 SF

      Mission District Office Space Available

      Office space in the Mission District with excellent natural light.
      3130 20Th St, San Francisco, CA 94110
      View Details
    • Contact for pricing
      1,453 SF

      Prime Corner Retail/Medical Space

      Corner retail or medical space available for lease.
      3201 Mission St, San Francisco, CA 94110
      View Details
    • $2.00 SF/Yr
      2,337 SF

      Open Office Space Available

      Office space for rent, elevator access, two private offices.
      2030 Harrison St, San Francisco, CA 94110
      View Details
    • Contact for pricing
      6,500 SF

      San Francisco Flex Space Available

      6,500 SF flex space with mezzanine and modern amenities.
      930 Alabama St, San Francisco, CA 94110
      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.
    3050 23rd St
    San Francisco, CA 94110-3331
    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.