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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    450 Masonic Ave San Francisco, CA 94118-4435

    • Apartment buildings
    • 8,349 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2020
    $814,000
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5800641
    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

    • Apartment buildings

    Property Details for 450 Masonic Ave

    Year built
    1928
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    8,349 SF
    Zone code
    RH3
    Property type
    Apartment buildings
    APN
    1160 -019
    APU
    1160019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $865,000
      ML approach
      $880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.446
    Latitude
    37.777
    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
    $19,063
    $459,873
    $1,038,216
    $1,498,089
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,755,000
      5,772 SF

      4042 Fulton St, Unit 4048

      APARTMENT HOUSE (5+ UNITS) • 5,772 SF
      4042 Fulton St, San Francisco, CA 94118-3555
      View Details
    • Value Estimation
      $1,990,000
      9,096 SF

      184 Funston Ave

      APARTMENT HOUSE (5+ UNITS) • 9,096 SF
      184 Funston Ave, San Francisco, CA 94118-1171
      View Details
    • Value Estimation
      $3,405,000
      15,688 SF

      486 Funston Ave

      APARTMENT HOUSE (5+ UNITS) • 15,688 SF
      486 Funston Ave, San Francisco, CA 94118-2956
      View Details
    • Value Estimation
      $1,695,000
      7,725 SF

      838 Anza St

      APARTMENT HOUSE (5+ UNITS) • 7,725 SF
      838 Anza St, San Francisco, CA 94118-4271
      View Details
    • Value Estimation
      $1,265,000
      5,790 SF

      180 Blake St

      APARTMENT HOUSE (5+ UNITS) • 5,790 SF
      180 Blake St, San Francisco, CA 94118-3336
      View Details
    • Value Estimation
      $4,430,000
      16,109 SF

      720 2nd Ave

      APARTMENT HOUSE (5+ UNITS) • 16,109 SF
      720 2nd Ave, San Francisco, CA 94118-4024
      View Details

    Similar Nearby for Sale

    • $4,500,000
      9,950 SF

      Prime Richmond District Mixed-Use

      16-unit building, 9,950 sq ft, 6.37% cap rate.
      311 11Th Ave, San Francisco, CA 94118
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    • $2,800,000
      4,080 SF

      Inner Richmond Multifamily Value-Add Opportunity

      Four-unit building with income potential in a prime location.
      4829 California St, San Francisco, CA 94118
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    • $1,488,000

      Inner Richmond Vacant Duplex Opportunity

      Spacious Inner Richmond duplex near Clement Street shops and restaurants.
      236 6Th Ave, San Francisco, CA 94118
      View Details
    • New
      $1,650,000
      2,400 SF

      Mixed-Use Property in Laurel Heights

      Two-unit mixed-use property in San Francisco's Laurel Heights neighborhood.
      2843-2845 Geary Blvd, San Francisco, CA 94118
      View Details
    • $1,899,000
      1,980 SF

      Mixed-Use Building, Inner Richmond District

      Mixed-use property in Inner Richmond near Golden Gate Park.
      558-560 Balboa St, San Francisco, CA 94118
      View Details
    • New
      $1,650,000
      2,400 SF

      Mixed-Use Property in Laurel Heights

      Two-unit mixed-use property in San Francisco's Laurel Heights neighborhood.
      2843 Geary St, San Francisco, CA 94118
      View Details

    Similar Nearby for Lease

    • $5,495 /Mo

      390 Arguello Blvd, Unit 5

      Multifamily properties
      390 Arguello Blvd, San Francisco, CA 94118
      View Details
    • Contact for pricing
      2,064 SF

      Retail Space with Street Frontage

      Retail space with deli infrastructure and excellent street frontage.
      3490 California St, San Francisco, CA 94118
      View Details
    • Contact for pricing
      1,105 SF

      Prime Retail Space Available

      Retail space ideal for fitness or dance studio use.
      4401-4429 California St, San Francisco, CA 94118
      View Details
    • Contact for pricing
      247,970 SF

      San Francisco Retail Center Investment

      Prime Geary Blvd Retail Space Available
      2675 Geary Blvd, San Francisco, CA 94118
      View Details
    • Contact for pricing
      7,829 SF

      Geary Boulevard Office Space Available

      Office and creative spaces for rent on Geary Boulevard.
      5644 Geary Blvd, San Francisco, CA 94118
      View Details
    • Contact for pricing
      10,386 SF

      Former Walgreens Retail Space Available

      Corner retail location with high pedestrian traffic near shops.
      745 Clement St, San Francisco, CA 94118
      View Details
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    450 Masonic Ave
    San Francisco, CA 94118-4435
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    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
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