Therapy Building and Residential
For Sale
$2,400,000
2702 Dana St, Berkeley, CA 94705
Therapy building and duplex near UC Berkeley campus for sale.
Property Size5,466 SF
Price / SF$439.08
Days on Market524
Property Features for 2702 Dana St
General Information
Standard status
Active
Size
5,466 SF
Building Details
Year Built
1957
Listing Agency:
ROHNER REAL ESTATE
Listed By:
ANDY ROHNER
Source:
Corcoran
Added: May 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROHNER REAL ESTATE
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Investment Insights
Based on property information with market context.
This property features a therapy building and a residential duplex situated on a parcel of approximately 15,000 square feet. The therapy building, encompassing approximately 3,871 square feet, includes a large shared area and four separate wings. Each wing contains two spacious offices with natural light and wood floors, a kitchenette/break room, a full bathroom with shower, private hallways, and small storage closets. The shared area includes a large waiting/reception room and a common bathroom. The residential duplex, totaling approximately 1,605 square feet, comprises two spacious 2-bedroom, 1-bathroom apartment units. The upstairs apartment is currently leased for $2,403 per month and includes a large full-height flex-space in the attic with stair access. The lower unit is currently vacant. Both buildings have private parking lots. The property is located on a tree-lined street near Telegraph Avenue in a quiet neighborhood setting, near the UC Berkeley campus and Ashby Avenue.
Key Highlights
- Therapy building featuring four separate wings, each with two spacious offices, kitchenette, full bathroom, and private hallways.
- Residential duplex with two spacious 2BD/1BA apartment units provides rental income potential.
- Upstairs apartment currently leased for $2,403/month with additional full‑height flex‑space in attic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,052
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,481,040
$2.5M
Cap Rate 7%
$1,772,171
$1.8M
Cap Rate 9%
$1,378,356
$1.4M
Market Conditions
NOI Build-Up for 5,466 SF
Gross rent
$186.9K $34.20/SF
− Vacancy
−$9.7K −$1.78/SF
EGI
$177.2K $32.42/SF
− OpEx
−$53.2K −$9.73/SF
NOI
$124.1K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,481,040
Cap Rate 7%
$1,772,171
Cap Rate 9%
$1,378,356
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $124,052 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,642 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $147,976 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,933
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94705, CA
13,591
Population
6,335
Households
2.1
Avg Household Size
42
Median Age
79%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
3,997
Density / Sq Mi
$163,254
Median Household Income
$75,864
Median Earnings
$2,330
Median Rent
$1,892,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
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- Barbara Wang — 2126 Haste St, Berkeley, CA 94704
- Mark Matteucci, DVM — 2126 Haste St, Berkeley, CA 94704
- Christina Marion — 2126 Haste St, Berkeley, CA 94704
Frequently Asked Questions
What type of property is this?
Medical Office Space - Therapy building and duplex near UC Berkeley campus for sale.
Where is this medical office space located?
The property is located at 2702 Dana St Berkeley, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Therapy building featuring four separate wings, each with two spacious offices, kitchenette, full bathroom, and private hallways.; Residential duplex with two spacious 2BD/1BA apartment units provides rental income potential.; Upstairs apartment currently leased for $2,403/month with additional full‑height flex‑space in attic.
