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Property profile & analytics
OFF-MARKET
Estimated value
$16,975,000
Office buildings
814 Msn St San Francisco, CA 94103-3018
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-5852546
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
STEEL FRAME
Total area
76,975 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C3R
APN
3705 -007
UPID
US09-5852546
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
-
Ample Foods, Inc. Food Processing Plant
-
6Merch Stores - Best Engagement & Wedding Gifts Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
IHeartHim (Bike/Boat/Book/etc) Store
-
CityHealth - San Francisco Medical Laboratory
-
TechnoPointer Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.98M
Owner & transaction history
Bulletin Building Owner LLC · 19 yrs held
Bulletin Building Owner LLC
since 2007
7 recorded transactions
Zoning & alternative use
C3R · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$23.2M
+17.3%
Commercial (general)
$23.1M
+16.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,785,000
Current use
INDUSTRIAL (GENERAL)
$23,210,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,050,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$16.98M
Range $15.28M – $18.67M · ±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
$221 / 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
$767,469
Tax year 2024
Assessed value
$64,365,447
Assessed 2024
Previous assessed
$64,365,447
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$38,708,510
Assessed improvement
$25,656,937
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
Off-Market
Year built
1925
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
6
Units
2
Rooms
108
Bathrooms
21
Total area
76,975 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C3R
APN
3705 -007
UPID
US09-5852546
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C3R · San Francisco, CA
Zoning C3R · permitted uses
C3R · 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
$19.8M
INDUSTRIAL (GENERAL)
Est. value
$23.2M
COMMERCIAL (GENERAL)
Est. value
$23.1M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1925
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Units
2
Rooms
108
Bathrooms
21
Lot
0.28 ac
Current owner
From public records · entity-resolved
Bulletin Building Owner LLC
Entity
Mailing address
PO BOX 130940, CARLSBAD, CA 92013-0940
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2007
—
Bulletin Building Owner LLC
Bulletin Building INC
Quit Claim Deed
related
$17,550,000 · Ubs Real Estate Investment INC
Oct 6, 2006
—
Bulletin Building LLC
Kj Bulletin LLC
Quit Claim Deed
related
—
Jan 7, 2000
—
25 Kearny LLC
Brugnara Corp
Grant Deed
related
—
Oct 20, 1999
—
Brugnara Corp
—
Deed Of Trust
related
$9,400,000 · Owens Financial Group INC
Dec 6, 1993
$2,700,000
Brugnara Corp
Atc Realty Sixte
Grant Deed
$2,100,000 · Seller
Aug 23, 1993
—
Atc Realty Sisteen Corp
Olr Associates L
Grant Deed
related
—
—
—
Brugnara Corporation
—
Deed Of Trust
related
$2,900,000 · Individual
—
—
Brugnara Corp
—
Deed Of Trust
related
$500,000 · Individual
—
—
Brugnara Corp
—
Deed Of Trust
related
$160,000 · Individual
—
—
Brugnara Corp
—
Deed Of Trust
related
$500,000 · Individual
—
—
Brugnara Corp
—
Deed Of Trust
related
$100,000 · Ebneter Investment
—
—
Brugnara Corp
—
Deed Of Trust
related
$2,800,000 · Fremont Investment & Loan
—
—
Brugnara Corp
—
Deed Of Trust
related
$3,350,000 · David Pick Investment Group
—
—
Brugnara Corp
—
Deed Of Trust
related
$5,500,000 · Encino Riviera Investors
—
—
Brugnara Corp
—
Deed Of Trust
related
$500,000 · David Pick Investment Group
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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