Sign Up Successful!
You now have access to more from Realmo!
    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

    2640 Shattuck Ave Berkeley, CA 94704

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in high-traffic downtown Berkeley location.

    Property size:
    539 SF
    Lot size:
    0.36 Acres

    Property Features for 2640 Shattuck Ave

    General Information

    Size
    539 SF
    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    John Polyzoides
    Source: Moodyscre

    Listing Agent: John Polyzoides

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Downtown Berkeley

    This retail space is located in downtown Berkeley, a regional destination for food, entertainment, and the arts. Situated on the south end of Shattuck Avenue's downtown core, the property benefits from high traffic counts, averaging approximately 58,000 daily. The location is adjacent to Equinox Fitness and the 155-unit Parker Apartments. The space is part of Aquatic Shattuck, a new six-story luxury housing project with 78 units. The property offers 539 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Aquatic Shattuck Apartment Rental Agency Aquatic Shattuck Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2675087
    Latitude
    37.8609124

    Nearby Similar for Lease

    • Contact for pricing
      81,500 SF

      Berkeley Lab Facility with Parking

      Class A lab and office space in West Berkeley.
      725 Potter St, Berkeley, CA 94710
      View Details
    • $4 SF/Yr
      18,819 SF

      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
      1,656 SF

      Retail Space Near UC Berkeley

      Corner retail space available across from UC Berkeley.
      1865 Euclid Ave, Berkeley, CA 94709
      View Details
    • Contact for pricing
      1,230 SF

      Turnkey Kitchen Space in Berkeley

      Ready-to-operate kitchen in high-visibility downtown location near UC Berkeley.
      1812 University Ave, Berkeley, CA 94710
      View Details
    • $15,000 /Mo
      7,506 SF

      Berkeley Building with Private Parking

      Entire building for lease near UC Berkeley with parking.
      Channing Way, Berkeley, CA 94704
      View Details
    • Contact for pricing
      5,048 SF

      Berkeley Retail Space Available Now

      Retail spaces available in Downtown Berkeley, near restaurants and entertainment.
      2000 Shattuck Ave, Berkeley, CA 94704
      View Details
    • Contact for pricing
      1,026 SF

      Retail Space Near UC Berkeley

      High-visibility retail space in a mixed-use project near UC Berkeley.
      1598 University Ave, Berkeley, CA 94710
      View Details
    • Contact for pricing
      4,304 SF

      Berkeley Retail Space Near Campus

      Retail space for lease near UC Berkeley with parking.
      2150 Kittredge St, Berkeley, CA 94720
      View Details
    • Contact for pricing
      2,077 SF

      Berkeley Retail Spaces For Lease

      Two second-generation retail spaces available in Downtown Berkeley.
      2175 Kittredge St, Berkeley, CA 94704
      View Details
    • Contact for pricing
      7,914 SF

      Berkeley Office Space For Rent

      Six-story office building near UC Berkeley with rooftop deck.
      2120 Berkeley Way, Berkeley, CA 94704
      View Details
    • Contact for pricing
      8,810 SF

      Berkeley Retail Space For Lease

      8,810 SF retail space in premier Berkeley location.
      2010 5Th St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      1,702 SF

      Retail Space in Berkeley Available

      High-visibility Berkeley retail space with ample parking and tenant improvements.
      3015 San Pablo Ave, Berkeley, CA 94706
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in high-traffic downtown Berkeley location.
    Where is this retail space located?
    The property is located at 2640 Shattuck Ave Berkeley, CA.
    What are key features of this property?
    This property features: - New 6-story, 78-unit luxury housing project.; - Located in Downtown Berkeley, a regional destination for food, entertainment, and the arts.; - Adjacent to Equinox Fitness.
    (510) 495-4018
    Request Owner's contact information
    2640 Shattuck Ave Berkeley, CA 94704
    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.
    2640 Shattuck Ave
    Berkeley, CA 94704
    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
    2640 Shattuck Ave Berkeley, CA 94704
    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

    We can help!
    Listing Contact
    John Polyzoides
    (510) 495-4018
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.