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The Rapp Building

Off-Market

121 2nd Street, San Francisco, CA 94105

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  • Property Type Office - General Office
  • Property Size 30,000 SF
  • Lot Size 0.1 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1907

Location

  • Walk Score ® Walker's Paradise (97)
  • Transit Score ® Rider's Paradise (100)
  • Bike Score ® Very Bikeable (80)
Powered by Walk Score ®
  • City San Francisco, CA
  • Neighborhood Yerba Buena
  • Zip Code 94105
  • Market San Francisco

Points of Interest

Market Street & 2nd Street

0.15 miles

Taxi Stand at Palace Hotel

0.16 miles

Market Street (500 Block)

0.16 miles

Taxi Stand at Salesforce Transit Center

0.16 miles

Montgomery Street

0.16 miles

Market Street & 2nd Street

0.16 miles

Montgomery Street

0.16 miles

Market Street & Montgomery Street

0.17 miles

Market Street & Sutter Street

0.17 miles

Market Street & New Montgomery Street

0.17 miles

Bell Resources

0.34 miles

Shell

0.55 miles

Shell

0.55 miles

Shell

0.56 miles

Shell

0.59 miles

Shell

0.75 miles

Chevron

0.79 miles

Shell

1.12 miles

Chevron

1.29 miles

Shell

1.35 miles

Palace Garage

0.11 miles

Moscone Garage

0.21 miles

Jessie Square Garage

0.25 miles

Four Seasons Valet Parking Entrance

0.28 miles

The White House Garage

0.32 miles

Marriott Valet Parking Entrance

0.33 miles

City Park

0.38 miles

Sutter Stockton Garage

0.42 miles

Saint Mary's Square Garages

0.43 miles

Ellis O'Farrell Garage

0.45 miles

Palace Hotel

0.16 miles

The St. Regis San Francisco

0.17 miles

W San Francisco

0.18 miles

The Clancy, Autograph Collection

0.18 miles

Hyatt Regency San Francisco Downtown Soma

0.24 miles

Galleria Park Hotel

0.27 miles

Four Seasons

0.30 miles

San Francisco Marriott Marquis

0.34 miles

Hotel Des Arts

0.36 miles

The Park Hotel

0.38 miles

North India

0.01 miles

The Grubbies (築地の丼物)

0.01 miles

Jersey

0.02 miles

Roy's

0.03 miles

Lao Table

0.03 miles

Sweet greens

0.05 miles

Heyday

0.05 miles

Archive Bar & Kitchen

0.05 miles

Luke’s Lobster

0.05 miles

Greek Town

0.06 miles

Kaplan

0.07 miles

Golden Gate University

0.10 miles

Academy of Art University - Game Development

0.12 miles

University of Phoenix

0.26 miles

Academy of Art University

0.32 miles

Academy of Arts University

0.36 miles

City College of San Francisco Downtown Campus

0.38 miles

Fashion Institute of Design and Merchandising - San Francisco

0.42 miles

Cogswell College

0.44 miles

Notre Dame Des Victoires Grammar School

0.45 miles

Telegraph Hill Cooperative Nursery School

0.82 miles

Mission Montessori

1.32 miles

L'Academy

1.57 miles

Golden Gate Kindergarten

1.61 miles

Nihonmachi Little Friends

1.72 miles

Infant & Toddler Center

2.03 miles

facessf

2.81 miles

Little Angels

3.50 miles

Balboa Preschool

3.65 miles

Noe Valley Nursery School

3.77 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 20 Dec, 2005
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in San Francisco

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in San Francisco Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $87.18
  • 2020 Office Vacancy Rate 8.07%
  • 2020 Office Completions (SF) 469,769

San Francisco Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $976.94
  • Y-o-Y Avg. PpSF Change 7.42%
  • 2020 Office Sales Volume $2.2B
  • 2020 Number of Transactions 12
View more San Francisco market trends

Tax

  • Property Tax in 2021-2022 $83,602
  • Market Value* $7,070,075
  • Assessed Value $7,070,075

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of The Rapp Building?

The Rapp Building totals 30,000 square feet.

When was this property built?

The Rapp Building was built in 1907.

When was The Rapp Building last sold?

The Rapp Building was last sold on 20 Dec, 2005.

What is the property tax for The Rapp Building?

The property tax for The Rapp Building in 2021-2022 was $83,602.

What is the market value for The Rapp Building?

The market value* for The Rapp Building in 2021-2022 was $7,070,075.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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