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

    845 Market St San Francisco, CA 94103-1923

    • Office buildings
    • 6.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5852578
    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

    • Space NK Bloomingdale's San Francisco Centre / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • AllSaints / Shoe Store / Clothing Store
    • Tory Burch / Clothing & Fashion Store
    • Pandora / (Bike/Boat/Book/etc) Store
    • Fashion Incubator / Business Service Center

    Property Details for 845 Market St

    Lot size
    6.17 lot acres
    Zone code
    C3R
    Property type
    Office buildings
    APN
    3705 -052
    APU
    3705052

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.406
    Latitude
    37.7841
    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
    $1,442,555
    $27,189,901
    $93,522,769
    $120,712,670
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $615,000
      10,200 SF

      1375 Msn St

      OFFICE BUILDING • 10,200 SF
      1375 Msn St, San Francisco, CA 94103-2621
      View Details
    • Value Estimation
      $9,870,000
      262,872 SF

      22 4th St

      OFFICE BUILDING • 262,872 SF
      22 4th St, San Francisco, CA 94103-3139
      View Details
    • Value Estimation
      $1,890,000
      35,100 SF

      474 Valencia St

      OFFICE BUILDING • 35,100 SF
      474 Valencia St, San Francisco, CA 94103-3415
      View Details
    • Value Estimation
      $2,160,000
      12,880 SF

      30 Lucerne St

      OFFICE BUILDING • 12,880 SF
      30 Lucerne St, San Francisco, CA 94103-4917
      View Details
    • Value Estimation
      $1,405,000
      6,650 SF

      721 Market St

      OFFICE BUILDING • 6,650 SF
      721 Market St, San Francisco, CA 94103-2101
      View Details
    • Value Estimation
      $995,000
      18,000 SF

      275 5th St

      OFFICE BUILDING • 18,000 SF
      275 5th St, San Francisco, CA 94103-4117
      View Details

    Similar Nearby for Sale

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      Historic Landmark Building For Sale

      Five-story, 60,000 SF office building in San Francisco.
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      West SOMA Office/Flex Building

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      Prime Design District Mixed-Use Building

      Two-story building with parking in a prime location.
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      55,685 SF

      Renovated Office Asset in Mission

      Fully renovated office building in San Francisco's Mission District.
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      2,890 SF

      San Francisco Retail/Office Building

      Rare single identity building with retail, office, and storage space.
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      36,041 SF

      San Francisco Development Opportunity

      Prime location with development potential near Hayes Valley.
      44 Gough St, San Francisco, CA 94103
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    Similar Nearby for Lease

    • $55 SF/Yr

      SOMA Building with High Ceilings

      Full building available for lease in Western SOMA.
      130 9Th St, San Francisco, CA 94103
      View Details
    • Contact for pricing
      13,785 SF

      Renovated Historic Office Building

      Renovated office building with great natural light and parking.
      1500 Mission St, San Francisco, CA 94103
      View Details
    • Contact for pricing
      6,100 SF

      SOMA Building with Parking

      Building in SOMA featuring large floor plates and parking.
      1449-1453 Mission St, San Francisco, CA 94103
      View Details
    • Contact for pricing
      7,300 SF

      Standalone Boutique Building with High Ceilings

      Four-level building featuring soaring 15' ceilings.
      966 Mission St, San Francisco, CA 94103
      View Details
    • Contact for pricing
      20,362 SF

      Class A Office Building

      80,000 SF Class A office building with valet parking.
      899 Howard St, San Francisco, CA 94103
      View Details
    • $19 SF/Yr

      Historic Redstone Building in Mission

      Three-story office building in San Francisco's vibrant Mission District.
      2924-2948 16Th St, San Francisco, CA 94103
      View Details
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    845 Market St
    San Francisco, CA 94103-1923
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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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