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Property profile & analytics
FOR LEASE
Office buildings
501 2Nd St San Francisco, CA 94107
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-6168321
For Lease
1 / 2
$4,885,000
501 2Nd St, San Francisco, CA 94107
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
248,888 SF
Lot
0.95 ac (41,473 SF)
Zoning code
M1
APN
3774 -067
UPID
US09-6168321
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
-
Gliffy (Bike/Boat/Book/etc) Store Corporate Office
-
Cogent Communications San Francisco Telecommunications Service Data Center
-
One Medical: Zarah Fernandez, MD, FACP Physician
-
Jina Shah, MD, MPH Medical Clinic
-
Noreen Singh Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.89M
Owner & transaction history
Karen F Lum · 2 yrs held
Karen F Lum
since 2024
7 recorded transactions
Zoning & alternative use
M1 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$20 / 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
$926,783
Tax year 2024
Assessed value
$79,047,745
Assessed 2024
Previous assessed
$79,047,745
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$47,428,649
Assessed improvement
$31,619,096
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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
8
Total area
248,888 SF
Lot
0.95 ac (41,473 SF)
Zoning code
M1
APN
3774 -067
UPID
US09-6168321
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M1 · San Francisco, CA
Zoning M1 · permitted uses
M1 · 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.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
8
Lot
0.95 ac
Current owner
From public records · entity-resolved
Karen F Lum
Individual
Free & Clear · 2 yrs held
Mailing address
501 2ND ST STE #202, SAN FRANCISCO, CA 94107-4130
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
—
Karen F Lum
Karen Lum
Deed
related
—
Nov 18, 2022
—
Soon Leong Manfield
Soon Manfield
Deed
related
—
Nov 6, 2019
—
Lum,j & K F Living Trust
Karen F Soon
Quitclaim Deed
related
—
Oct 27, 2005
$70,500,000
Sic-501 Second Street LLC
501 Second Street Assocs LLC
Grant Deed
related
$42,720,000 · Wachovia Bank NA
Feb 18, 2000
—
501 Second Street Assoc LLC
Rosenberg Soma Inv LLC
Grant Deed
$40,000,000 · Bhf USA Capital Corp Ttee
Jul 21, 1998
—
Rosenberg Soma Investments LLC
—
Deed Of Trust
related
$4,800,000 · Bhf-bank Aktiengesellschaft
Dec 18, 1997
—
Rosenberg Soma Investment LLC
South Beach Development Co
Grant Deed
$4,800,000 · Pacific Avenue Lender LP
—
—
Sic-501 Second Street LLC
—
Deed Of Trust
related
$75,000,000 · Miscellaneous Ins Co
—
—
Beach Deve South
—
Deed Of Trust
related
$732,000 · Chase Manhattan Personal Fin'l
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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