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Property profile & analytics
FOR LEASE
Banks
345 Montgomery St San Francisco, CA 94104
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5991067
For Lease
$4,705,000
345 Montgomery St, San Francisco, CA 94104
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1971
Construction
STEEL FRAME
Total area
81,823 SF
Lot
0.44 ac (19,156 SF)
Zoning code
C3O
APN
0259 -028
UPID
US09-5991067
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
-
Title Loans San Francisco Ltd. Loan Service
-
Bank of America Heritage Center Heritage Building
-
345 MONTGOMERY STREET Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.71M
Owner & transaction history
Hwa 555 Owners LLC · 20 yrs held
Hwa 555 Owners LLC
since 2006
3 recorded transactions
Zoning & alternative use
C3O · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.0M
+20.9%
Medical building
$5.1M
+2.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Francisco submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$4,975,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,020,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$5,100,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,425,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,300,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$917,256
Tax year 2024
Assessed value
$77,425,951
Assessed 2024
Previous assessed
$77,425,951
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$39,405,656
Assessed improvement
$38,020,295
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
81,823 SF
Lot
0.44 ac (19,156 SF)
Zoning code
C3O
APN
0259 -028
UPID
US09-5991067
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C3O · San Francisco, CA
Zoning C3O · permitted uses
C3O · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Francisco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.3M
FINANCIAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
Hwa 555 Owners LLC
Entity
Free & Clear · 20 yrs held
Mailing address
555 CALIFORNIA ST STE #1925, SAN FRANCISCO, CA 94104-1521
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2021
—
Hwa 555 Owners LLC
—
Deed
related
$120,000,000 · Jpmorgan Chase Bank NA
Mar 6, 2006
—
Hwa 555 Owners LLC
555 California Owner
Quit Claim Deed
related
—
Sep 2, 2004
—
555 California Owners LLC
555 California Street LLC
Quit Claim Deed
related
$520,000,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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