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

    1936 University Ave Berkeley, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant office building with parking near BART and University.

    Type:OFFICE
    Property size:
    43,193 SF
    Lot size:
    0.42 Acres
    Added:
    Oct 6, 2023
    Days on Market:
    930
    Last Refresh:
    Apr 5 at 9:25 pm

    Property Features for 1936 University Ave

    General Information

    Standard status
    Active
    Size
    43,193 SF
    Lot size
    0.42 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1936 University Ave Contact us

    We can help!

    Listing Contact
    Aileen Dolby
    Aileen Dolby

    Listing agent Aileen Dolby

    Listing office Colliers | Oakland

    Listing date Oct 6, 2023

    Source Moodyscre

    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 Colliers | Oakland

    Overview

    Berkeley Office Building For Sale

    This multi-tenant office building features several small suites with a mix of open floor plans and private offices. The property includes two levels of underground parking and a courtyard setting. It is located within walking distance of BART and the University, with direct freeway access. The building is 3.5 stories with a FAR of 2.39 and a 23% load factor. It has 2 passenger elevators and full HVAC throughout. The HVAC operates during set building operating hours.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UC Berkeley, Capital ... Academic Department Leonardo Dacanay Ophthalmologist Christie Mackenzie Physician Bond Services of CA ... Insurance Agency C/NET Solutions (Bike/Boat/Book/etc) Store

    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
    -122.272
    Latitude
    37.8712

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Downtown Berkeley

      2001 Addison St, Unit 300, Berkeley, CA 94704
      View Details
    • $4/mo

      Prime Berkeley Location on Solano

      Versatile spaces suitable for retail, dining, or office use.
      1752-1760 Solano Ave, Berkeley, CA 94707
      View Details
    • Contact for pricing

      New Office Space in Berkeley

      New build office space in the heart of Berkeley.
      2120 Berkeley Way, Berkeley, CA 94704
      View Details
    • Contact for pricing

      Berkeley Office Space for Rent

      Private offices near Solano Avenue, suitable for therapists, counselors.
      925 The Alameda, Berkeley, CA
      View Details
    • Contact for pricing

      Berkeley Flex Space with Freeway Access

      Flex space with immediate I-80 access and new MEP systems.
      2200 Fourth Street, Berkeley, CA, 94710
      View Details
    • $4/mo

      Berkeley Office Space Near Campus

      Office suites available near UC Berkeley with modern finishes.
      2100-2114 Shattuck Ave, Berkeley, CA
      View Details
    • $3/mo

      Downtown Berkeley Office Space Available

      Second floor office space in the heart of Berkeley.
      2020 Milvia St, Berkeley, CA
      View Details
    • $1.30/mo

      Berkeley Warehouse with Office Space

      4,966 SF warehouse with office space available for lease.
      1345 Fourth Street, Berkeley, CA, 94710
      View Details
    • $3/mo

      Berkeley Arts District Office Space

      Seismically retrofitted office space in a prime Berkeley location.
      1900 Addison St, Berkeley, CA
      View Details
    • Contact for pricing

      Former Restaurant Space Available

      Restaurant space with hood and fire suppression system for rent.
      Alcatraz, Berkeley, CA 94703
      View Details
    • Contact for pricing

      Retail Space in Berkeley

      Retail space available for rent in Berkeley, California.
      2020 Fourth Street, Berkeley, CA, 94710
      View Details
    • $0.50/mo

      Berkeley Industrial Space For Rent

      Industrial property with easy access to Bay Area freeways.
      701-707 Heinz Ave., Berkeley, CA 94710
      View Details

    FAQs

    What type of property is this?
    Office building - Multi-tenant office building with parking near BART and University.
    Where is this office building located?
    The property is located at 1936 University Ave Berkeley, CA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Walking distance to BART and University; Direct freeway access; 2 levels underground parking
    (510) 368-1455 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aileen Dolby
    Aileen Dolby
    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!