Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    920 University Avenue Berkeley, CA 94710

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $19,750,000

    University Inn – Berkeley, CA

    Property size:
    93,992 SF
    Lot size:
    1.54 Acres
    Added:
    Jan 28, 2025
    Days on Market:
    431
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 920 University Avenue

    General Information

    Standard status
    Active
    Property type
    Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
    Size
    93,992 SF
    Elevators
    N/A
    Lot size
    1.54 Acres

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    3
    Units
    113

    We can help!

    Listing Contact
    David Bowman

    Listing agent David

    Listing office

    Listing date Jan 28, 2025

    Overview

    Berkeley Hotel Near UC Berkeley

    The University Inn is a 113-key, three-story hotel situated on a 1.54-acre lot. Located on University Avenue in Berkeley, California, the property is near the University of California, Berkeley, and Lawrence Berkeley National Laboratory. The hotel features ample parking and banquet space. A full-service restaurant is currently closed. The building size is 93,992 square feet. The location provides access to Tilden Regional Park, Berkeley Marina, and the downtown area. It is located 2.2 miles from UC Berkeley, 12.6 miles from San Francisco, and 16.6 miles from Oakland.
    Location Intelligence

    Current Use by Public Records

    La Quinta Inn ... Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.303
    Latitude
    37.8702

    Nearby Similar for Sale

    • $2,290,000
      3,820 SF

      Berkeley Office Building with Parking

      Prime office building near UC Berkeley with private gated parking.
      1633 University Ave, Berkeley, CA 94703
      View Details
    • $499,000
      2,272 SF

      Light-Filled Office Suite in Berkeley

      Prime location office space with private offices and parking.
      817 Delaware St, Berkeley, CA 94710
      View Details
    • $1,400,000
      2,906 SF

      Berkeley Mid-Century Modern Triplex

      Unique triplex with spacious units and convenient South Berkeley location.
      2727 Mcgee Ave, Berkeley, CA 94703
      View Details
    • $1,495,000
      2,819 SF

      Berkeley Fourplex Near U.C. Berkeley

      Fourplex in prime Berkeley location with development potential.
      2923 Wheeler Street, Berkeley, CA 94705
      View Details
    • $1,700,000
      2,396 SF

      Berkeley Fourplex Near UC Campus

      Four-unit residential building near UC Berkeley with strong rental income.
      1682 Oxford St, Berkeley, CA 94709
      View Details
    • $1,600,000
      2,890 SF

      Berkeley Fourplex Near UC Berkeley

      Classic fourplex in Berkeley's desirable Northside neighborhood.
      2421 Hilgard Ave, Berkeley, CA 94709
      View Details
    • $2,000,000
      6,208 SF

      Berkeley Multifamily Investment Opportunity

      Eight-unit building near Ashby BART with income potential.
      3138 California St, Berkeley, CA 94703
      View Details
    • $1,150,000
      2,284 SF

      Berkeley Multifamily Investment Opportunity

      Three units on a corner lot in Berkeley's Gilman District.
      995 Virginia Street, Berkeley, CA 94710
      View Details
    • $1,550,000
      4,373 SF

      Berkeley Commercial Property on Telegraph

      Well-located commercial building with high visibility and diverse potential uses.
      3021 Telegraph Ave, BERKELEY, CA 94705
      View Details
    • $1,000,000
      1,913 SF

      Berkeley Building Near UC Campus

      Commercial building near UC Berkeley suitable for various businesses.
      1829 Euclid Ave, BERKELEY, CA 94709
      View Details
    • $1,099,000
      2,534 SF

      Berkeley Multifamily Investment Opportunity

      Six-unit building in South Central Berkeley near amenities.
      2701 Grant Street, Berkeley, CA 94703
      View Details
    • $5,497,000
      18,819 SF

      Mixed-Use Asset in North Berkeley

      Fully occupied mixed-use building with retail and office suites.
      1752-1760 Solano Ave, Berkeley, CA 94707
      View Details

    FAQs

    What type of property is this?
    Hotel - University Inn – Berkeley, CA
    Where is this hotel located?
    The property is located at 920 University Avenue Berkeley, CA.
    What is the asking price?
    The asking price for this property is $19,750,000.
    What are key features of this property?
    This property features: 113 room, 3 story interior corridor hotel on 1.54 acres; Located on University Avenue; Excess parking & banquet space
    (818) 667-0627
    We can help!
    Listing Contact
    David Bowman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!