Berkeley Retail Property For
For Sale
Contact for pricing
1507 Prince Street, Berkeley, CA
Retail property available for purchase in Berkeley, California.
Property Size9,600 SF
Lot Size0.19 Acres
Price / SF$332.81
Days on Market1039
Property Features for 1507 Prince Street
General Information
Standard status
Active
Size
9,600 SF
Lot size
0.19 Acres
Property subtype
RETAIL
Listing Agency:
Burrell Consulting Group
(916) 783-8898
Listed By:
Stefan Schermerhorn
(415) 272-1813
Source:
Moodyscre
Added: Nov 28, 2023
Changed: Aug 8
Last Checked: Jul 29 at 5:43AM
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 Burrell Consulting Group
Investment Insights
Based on property information with market context.
A retail property is available for sale in Berkeley, California. The property offers 9,600 square feet of space. It is located at 1507 Prince Street.
Key Highlights
- Retail property available for purchase.
- Located in Berkeley, California.
- Property is for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$223,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,475,520
$4.5M
Cap Rate 7%
$3,196,800
$3.2M
Cap Rate 9%
$2,486,400
$2.5M
Market Conditions
NOI Build-Up for 9,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$345.6K $36.00/SF
− Vacancy
−$25.9K −$2.70/SF
EGI
$319.7K $33.30/SF
− OpEx
−$95.9K −$9.99/SF
NOI
$223.8K $23.31/SF
Area
Berkeley, CA
Vacancy
7.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,475,520
Cap Rate 7%
$3,196,800
Cap Rate 9%
$2,486,400
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.73M
NOI $223,776 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.71M
$3.25M – $4.33M
NOI $259,891 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,006
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 17%
Apparel 15%
Home Improvements & Furnishings 3%
McDonald's
Dining
25,770 visits/mo
0.5 miles
AutoZone
Shops & Services
7,162 visits/mo
0.5 miles
Goodwill
Apparel
6,278 visits/mo
0.4 miles
Domino's Pizza
Dining
1,996 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,336 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for purchase in Berkeley, California.
Where is this retail property located?
The property is located at 1507 Prince Street Berkeley, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Retail property available for purchase.; Located in **Berkeley, California**.; Property is for sale.
