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The Palms Parking Portfolio
San Francisco, CA Mission Bay

$3,100,000 USD

Portfolio For Sale  •  400,576 SF

3 Properties View all

Property Details

• Property Type Unknown
• Cap Rate 7.84 %

100 Transit Score

100 Walk Score

Highlights

75 Parking Spaces + 953 SF Residential Condo + 4 Storage Units within The Palms, a 302-unit full-service condominium building

Built-In Parking Demand: Approximately 125 residences have no assigned parking, while the offering controls roughly two-thirds of the building’s leasa

Below-Market In-Place Rents: Parking licenses average approximately $332/month versus $374/month for comparable reserved parking within one mile.

25%–30% Growth Potential through lease-up and mark-to-market of available parking and storage inventory.

Multiple Exit Strategies: Hold for income, sell parking spaces individually to condominium owners, or pursue public valet use where permitted.

Prime SoMa Location: Near Oracle Park, Moscone Center, Caltrain, Central Subway and Chase Center

Financial Summary (Proforma)

Net Operating Income: $243,125 USD (2027)

Cap Rate:	7.84 %
Total Expenses:	$109,330 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	1 min	5 min	0.2 mi
	4 min	-	1.8 mi
Airport	Drive	Walk	Distance
San Francisco International	19 min	-	13.3 mi
Metro Oakland International	29 min	-	18.9 mi
Norman Y Mineta San Jose International	56 min	-	45.0 mi