575 10th St
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575 10th St
4,800 SF Industrial Building San Francisco, CA 94103 $3,450,000 ($719/SF) 6.14% Cap Rate
Investment Highlights
- Prime Location, Secure Parking, Warehouse and Office Space
Executive Summary
Amazing opportunity where seller financing is an option as well as a rate buy down. Fantastic opportunity with amazing Commerical properties ready to go and ready for build out. Gated parking lot included which is a rare commodity. Spot is Prime 10th Street Design District 2-Story Building with adjacent Parking Lot, Office and Warehouse space, 200 Amps, Security Fence, close to Costco. Parking lot has approximately 10 Parking Spaces and Warehouse area has clearance of 16'-22'. Aluminum 18 gauge Security Fence made to offer privacy. PDR-1-G Zoning, 6,695SF lot including an approximate 4,800SF 2-story building. Building is currently designated as a C'. The SF Planning Department has undergone an informal review and determined the building has no significant historical value. Razing the building is a possibility and per SF Planning Department no set-backs are required for a new project, that could be about 20,000 square foot building. Buyer to confirm. Zoning approved for cannabis with possible retail (to be approved by SF Planning dept), but currently a PDR space - Buyer to confirm.
Financial Summary (Pro forma - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$264,960
|
$55.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$264,960
|
$55.20
|
| Taxes |
$42,000
|
$8.75
|
| Operating Expenses |
$12,000
|
$2.50
|
| Total Expenses |
$54,000
|
$11.25
|
| Net Operating Income |
$210,960
|
$43.95
|
Financial Summary (Pro forma - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $264,960 |
| Annual Per SF | $55.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $264,960 |
| Annual Per SF | $55.20 |
| Taxes | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $8.75 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $2.50 |
| Total Expenses | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $11.25 |
| Net Operating Income | |
|---|---|
| Annual | $210,960 |
| Annual Per SF | $43.95 |
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Mezzanine
- Security System
Utilities
- Gas - Natural
- Water - City
- Sewer - City
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (94)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 3526-018 | Total Assessment | $3,679,122 (2023) |
| Land Assessment | $2,575,386 (2023) | Annual Taxes | $42,000 ($8.75/SF) |
| Improvements Assessment | $1,103,736 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
3526-018
Land Assessment
$2,575,386 (2023)
Improvements Assessment
$1,103,736 (2023)
Total Assessment
$3,679,122 (2023)
Annual Taxes
$42,000 ($8.75/SF)
Tax Year
2022
zoning
| Zoning Code | PDR-1-G |
| PDR-1-G |
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575 10th St
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