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    445 Powell St, Unit 447 San Francisco, CA 94102-1503

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    445 Powell St, Unit 447 San Francisco, CA 94102-1503


    • Retail space
    • 3,958 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Jan 11, 2024
    Property ID
    US09-6065746
    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.

    Value Estimations
    $750,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bank of America Financial Center / Bank / Loan Service
    • Bank of America ATM / Atm / Financial Consultant

    Property Details for 445 Powell St

    Year built
    1914
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    3,958 SF
    Zone code
    C3R
    Property type
    Retail space
    APN
    0296 -002
    APU
    296002

    Description

    This exceptional investment opportunity presents a fee-simple ownership of 445 Powell Street, a two-story, 5,569 square foot retail building in San Francisco's Union Square. Currently occupied by Bank of America under a triple-net (NNN) lease with a corporate guarantee, this property boasts a strong 8.35% cap rate and a $1,000,000 NOI. The lease, commencing September 1, 1990, has a remaining term of 1.8 years, followed by two five-year options to extend at the prevailing fair market rental rate, providing significant long-term stability. The asking price is $11,975,000, translating to $2,150.30 per square foot. The building, constructed in 1914 and situated on a 0.05-acre lot, is zoned C-3-R. Its prime location on Powell Street, a major north-south artery, places it within half a block of Union Square and the Powell Street cable car line. The property benefits from high visibility and foot traffic, enhanced by two prominent ATMs on the building's facade. Bank of America utilizes the entire building, encompassing branch services and ATMs on the ground floor, loan and account services on the second floor, and support offices in a fully improved lower level, complete with ADA-compliant restrooms and elevator access to all floors. Surrounding the property are numerous high-end retailers and hotels, solidifying its position within a thriving commercial district. This presents a rare chance to acquire a historically significant, generational asset in a prime San Francisco location.


    Value Estimations

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    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.409
    Latitude
    37.7889
    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
    $15,863
    $726,135
    $254,470
    $980,605
    -
    $0.00
    $0.00
    $0.00
    More about this property
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