The Russ Building - Retail
Price
Price on request
Description
The iconic Russ Building, constructed in 1927, is located in the heart of the North Financial District. The North Financial District is home to more than 21.5 million square feet of Class A office space, and the headquarters for numerous Fortune 100 companies. Serving this dense daytime population are world-class restaurants including Leo’s Oyster Bar, Michael Mina, Pabu, Perbacco, The Treasury and Wayfare Tavern. Public transportation stations Embarcadero and Montgomery carry over 90,000 daytime employees per day, flooding the streets around Montgomery Street from dawn to dusk.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Location
235 montgomery st san francisco, ca, 94104, san francisco, CA 94104
Market Context
As of Q1 2026, the San Francisco retail market showed average asking rents near $27.43/SF/yr, and cap rates around 5.7%. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.7%, asking rent held flat).
Compare it against other retail listings for sale in San Francisco, CA to benchmark pricing and space — view the full market.
Retail market FAQ
- What is the typical cap rate for retail in San Francisco?
- About 5.7% as of Q1 2026, per multiple brokerages.
Unified Estimate
Medium ConfidenceRate estimator only; cost-of-business estimate unavailable.
Sale Price History
2023 – 2025 · county sold comps + market trendsFIPS 37051
- Avg Rent ($/SF/yr) (market data)
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: retail in san francisco, CA
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