Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,655,000
Office Spaces
3450 3rd St Ste 1d San Francisco, CA 94124-1444
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5798856
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1987
Construction
WOOD
Total area
11,274 SF
Zoning code
M2
APN
5211 -031
UPID
US09-5798856
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
-
Reliant | Rebuild • Repair • Restore Auto Repair Shop
-
Bayview Child Health Center Pediatrician Medical Clinic
-
Homeless Children's Network Social Service Agency Charitable Organization
-
Dane Burgess Strength and Conditioning Gym & Fitness Center
-
WRENCH ARMY Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
San Francisco Conservation Cor · 7 yrs held
San Francisco Conservation Cor
since 2019
7 recorded transactions
Zoning & alternative use
M2 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.8M
+6.4%
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%
$4,940,000
6.5%
$4,560,000
7%
$4,235,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,405,000
Current use
RETAIL STORES
$5,750,000
Change: +6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,350,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.66M
Range $3.29M – $4.02M · ±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
$324 / 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
$766
Tax year 2024
Assessed value
$3,926,585
Assessed 2024
Previous assessed
$3,926,585
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$1,913,879
Assessed improvement
$2,012,706
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 Sale
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Total area
11,274 SF
Zoning code
M2
APN
5211 -031
UPID
US09-5798856
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M2 · San Francisco, CA
Zoning M2 · permitted uses
M2 · 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
OFFICE BUILDING Current
Est. value
$5.4M
RETAIL STORES
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Current owner
From public records · entity-resolved
San Francisco Conservation Cor
Individual
Mailing address
205 13TH ST #2001, SAN FRANCISCO, CA 94103-2461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2019
$2,500,000
San Francisco Conservation Cor
Lee Lance & Irene F/tr
Grant Deed
$1,230,000 · First Republic Bk
Nov 23, 2004
—
Lee Lance & Irene Family Trust
Lee,lance & Irene Y
Quit Claim Deed
related
—
Aug 21, 2002
$950,000
Lance Lee
Evans,tr
Grant Deed
—
Jan 8, 1992
—
Brown Robert C Interv Trust
Unknown
Grant Deed
related
—
Jan 17, 1990
$565,000
Mark Evans
Continental Savi
Grant Deed
$576,000 · First Capital Finance
—
—
San Francisco Conservation Cor
—
Deed Of Trust
related
$625,000 · Community Vision Cap & Consult
—
—
Brown Trust
—
Deed Of Trust
related
$488,000 · 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?”
You own 3450 3rd St Ste 1d?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
