Bancroft Way, Berkeley, CA 94703
Mixed-use property with residential and commercial spaces in Berkeley.
- Added:
- May 7, 2025
- Days on Market:
- 414
- Last Refresh:
- Apr 5 at 8:08 pm
Property Features for Bancroft Way
General Information
- Standard status
- Active
- Size
- 5,207 SF
- Lot size
- 0.10 Acres
- Property subtype
- Commercial
Listing agent ELIC SUAZO License #01751791
Listing office RED OAK REALTY (510) 527-9111
Listing date May 7, 2025
Source Corcoran
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 RED OAK REALTY
HighLights
- Mixed‑use property in a desirable Berkeley location offering both residential and commercial income units.
- Vacant residential unit features a spacious loft that functions as a second bedroom, increasing rental potential.
- Move‑in ready vacant residential unit boasts fresh paint, new carpeting, and refinished wood floors.
- Vacant commercial spaces offer build‑out potential and flexibility.
- Two adjacent commercial units can be consolidated, sharing a bathroom and kitchenette.
- Long‑term commercial tenant (since 1990) provides stable income.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.5k | $36.00 |
| − Vacancy | −$14.1k | −$2.70 |
| EGI | $173.4k | $33.30 |
| − OpEx | −$52.0k | −$9.99 |
| NOI | $121.4k | $23.31 |
Alternative Uses
Current Use by Public Records
Map
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.275
- Latitude
- 37.8666