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    Berkeley Office Building with Parking Title is generated by Realmo AI

    1633 University Ave, Berkeley, CA 94703

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    Claim this Listing
    For Sale
    $2,290,000

    Prime Office Building near Downtown Berkeley

    Property size:
    3,820 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $599/SF
    Added:
    Jan 3, 2026
    Days on Market:
    134
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1633 University Ave

    General Information

    Standard status
    Active
    Property type
    Office Units, Office Spaces
    Size
    3,820 SF
    Class
    B
    Elevators
    No
    Lot size
    0.09 Acres

    Building Details

    Year Built
    1907
    Year Renovated
    2025
    Buildings
    1
    Stories
    2
    Units
    1

    We can help!

    Listing Contact
    Suphain Htaung

    Listing agent Suphain

    Listing office eXp Commercial - CA

    Listing date Jan 3, 2026

    HighLights

    • Rare Gated parking Lot (private)
    • Partially Renovated in 2025
    • Zoned C‑U
    • Close to UC Berkeley and 4th street shops.

    Overview

    This well-maintained, two-story office building is located blocks from Downtown Berkeley, North Berkeley BART, and UC Berkeley. The free-standing property offers gated access to private on-site parking for 4+ vehicles. The building features red oak floors, hardwood paneling, and trim. Abundant natural light, a versatile layout, and quality finishes create an inviting, professional setting. Offering nearly 4,000 square feet, the space can be configured for various business needs or split into two units, ideal for an owner-user, multi-tenant investment, or live/work setup. Amenities include a kitchen with granite counters and tile, an exercise room with shower, and a spacious 2nd-floor deck with views of the Berkeley hills. Located near shops, cafes, and cultural venues, this location is perfect for professional services, creative firms, or non-profits seeking a vibrant, well-connected location. The area surrounding the property is a hub of innovation, culture, and academic excellence. Nearby attractions include the Berkeley Art Museum and Pacific Film Archive. With its convenient access to public transportation and proximity to major tech and research hubs, the location presents an enticing opportunity for office and office building investors. The property is zoned C-U and was partially renovated in 2025. The property size is 3,820 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Offices of Stephan ... Law Firm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2781464
    Latitude
    37.8711961

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    FAQs

    What type of property is this?
    Office units - Prime Office Building near Downtown Berkeley
    Where is this office units located?
    The property is located at 1633 University Ave Berkeley, CA.
    What is the asking price?
    The asking price for this property is $2,290,000.
    What are key features of this property?
    This property features: Rare Gated parking Lot (private); Partially Renovated in 2025; Zoned C‑U
    (415) 886-5284
    We can help!
    Listing Contact
    Suphain Htaung
    Learn More
    Request Owner's contact information
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    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
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