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

    2115 Kittredge St Berkeley, CA 94704

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Student-oriented redevelopment site near UC Berkeley campus.

    Property size:
    7,390 SF

    Property Features for 2115 Kittredge St

    General Information

    Standard status
    Active
    Size
    7,390 SF

    We can help!

    Listing Contact
    Kathy Kelleher
    Source: Cbre

    Listing Agent: Kathy Kelleher

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

    Learn more

    Overview

    Downtown Berkeley Redevelopment Opportunity

    Located in Downtown Berkeley, 2115 Kittredge Street is a student-oriented development/redevelopment site, situated steps from the UC Berkeley Campus. The site is entitled for the construction of an 18-story, mixed-use building consisting of 160,734 square feet with 211 dwelling units. The property is ideally located less than 300 feet from the UC Berkeley Campus, a top-ranked public university, and is surrounded by Downtown Berkeley’s restaurants and retail amenities. This location offers an opportunity to invest in a prime redevelopment project. The property size is 7,390 square feet.
    Location Intelligence

    Current Use by Public Records

    Tasty Pot Restaurant

    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
    -122.2671833
    Latitude
    37.868857

    Nearby Similar for Sale

    • $499,000
      Pending

      Light-Filled Office Suite in Berkeley

      Prime location office space with private offices and parking.
      817 Delaware St, Berkeley, CA 94710
      View Details
    • $1,495,000
      2,819 SF

      Berkeley Fourplex Near U.C. Berkeley

      Fourplex in prime Berkeley location with development potential.
      2923 Wheeler St, Berkeley, CA 94705
      View Details
    • $2,000,000
      Pending

      Berkeley Multifamily Investment Opportunity

      Eight-unit building near Ashby BART with income potential.
      3138 California St, Berkeley, CA 94703
      View Details
    • $2,290,000
      3,820 SF

      1633 University Ave

      Prime Office Building near Downtown Berkeley
      1633 University Ave, Berkeley, CA 94703
      View Details
    • New
      $1,150,000
      2,284 SF

      Berkeley Multifamily Investment Opportunity

      Three units on a corner lot in Berkeley's Gilman District.
      995 Virginia St, Berkeley, CA 94710
      View Details
    • $1,000,000
      1,913 SF

      Berkeley Building Near UC Campus

      Commercial building near UC Berkeley suitable for various businesses.
      1829 Euclid Ave, Berkeley, CA 94709
      View Details
    • $1,099,000
      2,534 SF

      Berkeley Multifamily Investment Opportunity

      Six-unit building in South Central Berkeley near amenities.
      2701 Grant St, Berkeley, CA 94703
      View Details
    • $599,950

      Retail Storefront on Telegraph Avenue

      Retail storefront suitable for various businesses on Telegraph Avenue.
      2615 Telegraph Ave, Berkeley, CA 94704
      View Details
    • $499,000
      Pending

      Light-Filled Office Suite For Sale

      Office suite with private offices, skylights, and dedicated parking.
      817 Delaware St, Berkeley, CA 94710
      View Details
    • $499,000
      Pending

      Light-Filled Office Suite in Berkeley

      Upstairs office suite with private offices, skylights, and parking.
      817 Delaware St, Berkeley, CA 94710
      View Details
    • $5,497,000

      Mixed-Use Asset in North Berkeley

      Fully occupied mixed-use building with retail and office suites.
      1752-1760 Solano Ave, Berkeley, CA 94707
      View Details
    • $910,000

      Berkeley Quadplex on Spacious Lot

      Four units on a 4,350 sq ft lot in Berkeley.
      2758 Sacramento St, Berkeley, CA 94702
      View Details

    FAQs

    What type of property is this?
    Commercial land - Student-oriented redevelopment site near UC Berkeley campus.
    Where is this commercial land located?
    The property is located at 2115 Kittredge St Berkeley, CA.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in Downtown Berkeley.; - Entitled to construct an 18-story, mixed-use building.; - Approved for 211 dwelling units.
    (510) 874-1909
    Request Owner's contact information
    2115 Kittredge St 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.
    2115 Kittredge St
    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
    2115 Kittredge St 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
    Kathy Kelleher
    Real Estate License ID: 00924898
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!