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Property profile & analytics
FOR LEASE
Office buildings
447 Battery St San Francisco, CA 94111
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5748020
For Lease
1 / 2
$7,580,000
447 Battery St, San Francisco, CA 94111
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1907
Construction
TILT-UP CONCRETE
Total area
20,154 SF
Lot
0.16 ac (7,178 SF)
Zoning code
C3O
APN
0206 -002
UPID
US09-5748020
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
-
Clearxchange Bank Credit Union
-
Character Advertising Agency Marketing & Advertising
-
Battery Recruiting Group Inc Employment Agency
-
Bluestone Asset Corporation Financial Advisor
-
Zenrez Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.45M
CAP Approach
CAP
$8.15M
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$7.58M
Owner & transaction history
Battery Street Holdings LLC · 2 yrs held
Battery Street Holdings LLC
since 2023
Last sale
$7.7M
7 recorded transactions
Zoning & alternative use
C3O · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.3M
+18.5%
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
$7,560,000
ML approach
$7,450,000
CAP Approach
CAP Return
Estimation
6%
$8,830,000
6.5%
$8,150,000
7%
$7,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,670,000
Current use
RETAIL STORES
$10,280,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,620,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,780,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$7.58M
Range $6.82M – $8.34M · ±10% · vs last sale $7.65M (Dec 11 2023)
Last sale anchor
$7.65M
Dec 11 2023
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
$376 / 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
$118,525
Tax year 2024
Assessed value
$9,851,399
Assessed 2024
Previous assessed
$9,851,399
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$5,988,109
Assessed improvement
$3,863,290
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
1
Rooms
47
Bathrooms
6
Total area
20,154 SF
Lot
0.16 ac (7,178 SF)
Zoning code
C3O
APN
0206 -002
UPID
US09-5748020
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
OFFICE BUILDING Current
Est. value
$8.7M
RETAIL STORES
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$8.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Rooms
47
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Battery Street Holdings LLC
Entity
Mailing address
2777 CLEVELAND AVE STE #113, SANTA ROSA, CA 95403-2727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2023
$12,970,073
Battery Street Holdings LLC
Montgomery Realty Group INC
Trustees Deed
related
—
Mar 1, 2019
—
Montgomery Realty Group INC
—
Deed
related
$12,000,000 · Western Adventist Foundation
May 31, 2017
—
Montgomery Realty Group INC
—
Deed
related
$10,900,000 · Redwood Mtg
Mar 5, 2009
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$1,500,000 · East West Bank
Sep 7, 2007
$7,650,000
Nevada-montgomery Rlty Group
Woodflame INC
Grant Deed
$5,650,000 · East West Bank
May 31, 2006
—
Woodflame INC
Woodflame INC
Quit Claim Deed
related
$400,000 · Yosemite Mtg Fund II LLC
Jan 29, 1998
—
Richcom INC
Liu,helen Y
Grant Deed
related
—
Jun 20, 1995
—
Helen Y Liu
United World Enterprise
Grant Deed
related
—
Nov 7, 1994
—
United World Enterprise
United World Enterprise Corp
Quit Claim Deed
related
$910,000 · Far East National Bank
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$1,099,900 · Cathay Bk
—
—
Woodflame INC
—
Deed Of Trust
related
$823,000 · Trust Deed Investments INC
—
—
Richcom INC
—
Deed Of Trust
related
$2,310,000 · East West Bank
—
—
Helen Y Liu
—
Deed Of Trust
related
$150,000 · Grand Pacific Financing Corp
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$250,000 · Laurence Dunn
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$7,460,000 · Cathay Bk
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$350,000 · Mz Foundation
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$1,000,000 · Redwood Mtg Investors Viii
—
—
Richcom INC
—
Deed Of Trust
related
$700,000 · East West Bank
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$10,900,000 · Redwood Mtg
—
—
Ricboom INC
—
Deed Of Trust
related
$200,000 · Cmr Mortgage Fund LLC
—
—
Richcom INC
—
Deed Of Trust
related
$2,755,000 · East West Investment INC
—
—
Helen Y Liu
—
Deed Of Trust
related
$995,000 · Southern Pacific Thrift & Loan
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$709,500 · Laurence Dunn
—
—
United World Enterprise Corp
—
Deed Of Trust
related
$877,500 · Kemper Investors Life Ins
—
—
Montgomery Realty Group INC
—
Deed Of Trust
related
$12,000,000 · Western Adventist Foundation
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.
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