882 Geary St San Francisco, CA 94109
- Retail residential properties
- 6,473 SF
- 0.11 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 882 Geary St
- Year built
- 1916
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.11 lot acres
- Property size
- 6,473 SF
- Zone code
- RC4
- Property type
- Retail residential properties
- APN
- 0302 -014
- APU
- 302014
Description
This exceptional 9,197 square foot executive office building at 882 Geary Street in San Francisco, CA 94109 presents a compelling investment opportunity. Boasting a 6.14% cap rate and a strong net operating income (NOI) of $208,605, this fully renovated mixed-use property offers significant potential. The building, constructed in 1916 and extensively renovated in 2017, features 24 units spread across eight stories, situated on a substantial 4.778-acre lot (APN 0302-014). The property is zoned RC-4, allowing for flexible use. Interior highlights include high ceilings, modern meeting rooms with glass fronts, high-end architectural lighting, hardwood floors, and skylights. The building also benefits from updated amenities such as ADA-compliant restrooms (2017 renovation), a new HVAC system, a 3-phase, 400-amp electrical system, and a fully sprinklered system, meeting Title 24 and ADA compliance standards. Its prime Lower Nob Hill location, neighboring Polk Gulch and close to CPMC Hospital, offers easy access to public transportation, City Hall, the Theater District, and Union Square. The large lower level and 80-foot height limit present further development potential. This property is ideal for owner-users seeking flexible commercial space in a vibrant urban setting. The asking price is $3,395,000 ($369/sq ft).
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,065,000
- 6.5%
- $1,905,000
- 7%
- $1,770,000
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Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.418
- Latitude
- 37.7864
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA