Retail Storefront on Telegraph
2615 2615 Telegraph Ave Berkeley, CA 94704
2615 2615 Telegraph Ave, Berkeley, CA, 94704
$599,950
For Sale
$599,950
Retail property on Telegraph Avenue, ideal for owner-user.
Property Size807 SF
Price / SF$743.43
Days on Market90
Property Features for 2615 2615 Telegraph Ave
General Information
- Standard status
- Active
- Size
- 807 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1994
Listing agency
MAXREAL
(510) 219-2969
Listed by
Catherine Lim · License #DRE #01148635
(510) 219-2969
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:18PM Checked: Jul 22 at 8:23AM
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 MAXREAL
Investment Insights
Based on property information with market context.
This retail store, constructed in 1994, comprises two parcels functioning as a single economic unit. Unit #101 (APN#55-1840-53) measures 552 square feet, while Unit #102 (APN#55-1840-54) covers 255 square feet, resulting in a combined area of 807 square feet. Originally designed as one unit by the developer, the property is suitable for an owner-user. The layout can be easily converted back into two separate units, allowing the owner to occupy one and rent out the other. The property's location on Telegraph Avenue offers good frontage, with garage and street parking available. It is ideally suited for various retail businesses, including a barber shop, nail salon, yoga studio, Boba retail store, or sandwich shop. The location has a bike score of 99, indicating it is a biker's paradise, a walk score of 92, indicating it is a walker's paradise, and a transit score of 64, indicating good transit options.
Key Highlights
- Combined 807 sq ft unit, ideal for owner‑user or convert back to two units for rental income.
- Prime location on Telegraph main street with good frontage.
- High bikeScore (99) and walkScore (92), indicating excellent walkability and bike‑friendliness.
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 | $29.1k | $36.00 |
| − Vacancy | −$2.2k | −$2.70 |
| EGI | $26.9k | $33.30 |
| − OpEx | −$8.1k | −$9.99 |
| NOI | $18.8k | $23.31 |
807 SF · lease $36.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.1K
$273.1K – $364.1K
NOI $21,847 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Frank's Tailoring
(Bike/Boat/Book/etc) Store
Incog
Media Distribution
Similar For Sale Nearby
Similar Off Market Nearby
- Moe’s Flowers — 2446 Durant Ave, Berkeley, CA 94704
- Naho's Floral Pop-up Shop — 2918 domingo ave, berkeley, ca 94705
- Tulipan Floral — 2918 Domingo Ave, Berkeley, CA 94705
- Jutta's Flowers — 3078 Claremont Ave, Berkeley, CA 94705
- Verdure — 3014 Benvenue Ave, Berkeley, CA 94705
FAQs
What type of property is this?
Storefront property - Retail property on Telegraph Avenue, ideal for owner-user.
Where is this storefront property located?
The property is located at 2615 2615 Telegraph Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Combined 807 sq ft unit, ideal for owner‑user or convert back to two units for rental income.; Prime location on Telegraph main street with good frontage.; High bikeScore (99) and walkScore (92), indicating excellent walkability and bike‑friendliness.
