Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1633 University Ave Berkeley, CA 94703

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,495,000

    Two-story office building near UC Berkeley with on-site parking.

    Property Features for 1633 University Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Brian Merrion
    Source: Corcoran

    Listing Agent: Brian Merrion

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

    Learn more

    Property Insight Report

    Overview

    Berkeley Office Building with Parking

    Located blocks from Downtown Berkeley, North Berkeley BART, and UC Berkeley, this two-story office building at 1633 University Avenue offers a commercial opportunity. The freestanding property features gated access to private on-site parking for over four vehicles. The interior showcases red oak floors, hardwood paneling, and trim. Abundant natural light and quality finishes create an inviting setting. The space offers nearly 4,000 square feet and can be configured for various business needs or split into two units, making it suitable 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. The location near shops, cafes, and cultural venues is suitable for professional services, creative firms, or non-profits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Offices of Stephan ... Law Firm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2780782
    Latitude
    37.8712084

    Nearby Similar for Sale

    • $1,165,000
      2,359 SF

      Berkeley Duplex: Renovation Opportunity

      Duplex in Berkeley, CA, with renovation potential and tenant.
      2057 Emerson St, Berkeley, CA 94703
      View Details
    • $499,000
      2,272 SF

      Office Suite in 4th Street

      Light-filled office suite in desirable commercial hub with parking.
      817 Delaware St, Berkeley, CA 94710
      View Details
    • $15,000,000
      39,682 SF

      Berkeley Mixed-Use Investment Opportunity

      Mixed-use building near UC Berkeley with value-add potential.
      2414 Telegraph Ave, Berkeley, CA 94704
      View Details
    • $1,195,000
      2,163 SF

      Berkeley Duplex Near UC Berkeley

      Charming 1906 duplex in Downtown Berkeley near UC Berkeley.
      1921 Dwight Way, Berkeley, CA 94704
      View Details
    • $1,625,000
      5,207 SF

      Berkeley Mixed-Use Property For Sale

      Mixed-use property with residential and commercial spaces in Berkeley.
      Bancroft Way, Berkeley, CA 94703
      View Details
    • $3,000,000
      8,356 SF

      Vacant Dormitory-Style Property in Berkeley

      Vacant dormitory-style property with spacious rooms and upside potential.
      1534 Arch St, Berkeley, CA 94708
      View Details
    • $8,450,000
      19,863 SF

      Berkeley Multifamily Investment Opportunity

      19-unit apartment building near UC Berkeley with recent renovations.
      Shattuck Ave, Berkeley, CA 94709
      View Details
    • $4,990,000
      11,011 SF

      Berkeley Multifamily Investment Opportunity

      Well-maintained 1920s apartment building near North Berkeley BART.
      1360 Berkeley Way, Berkeley, CA 94702
      View Details
    • $2,400,000
      5,466 SF

      Therapy Building and Residential Duplex

      Therapy building and duplex near UC Berkeley campus for sale.
      2702 Dana St, Berkeley, CA 94705
      View Details
    • $4,750,000

      Dwight Way Student Housing Investment

      12-unit property near UC Berkeley with repositioning potential.
      2741 Dwight Way, Berkeley, CA 94704
      View Details
    • $2,525,000
      5,200 SF

      Berkeley Multifamily Property with Renovated Units

      Seven-unit multifamily property in Berkeley's desirable Ashby neighborhood.
      Tyler St, Berkeley, CA 94703
      View Details
    • $2,525,000
      5,200 SF

      Berkeley Multifamily Investment Opportunity

      Seven-unit property in Berkeley's desirable Ashby neighborhood with significant renovations.
      1628 Tyler St, Berkeley, CA 94703
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building near UC Berkeley with on-site parking.
    Where is this office building located?
    The property is located at 1633 University Ave Berkeley, CA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Prime location: Blocks from Downtown Berkeley, North Berkeley BART, and UC Berkeley.; - Private gated parking: On-site parking for 4+ vehicles.; - Versatile space: Nearly 4,000 sq ft, configurable for various business needs, multi-tenant investment, or live/work.
    (888) 832-7179
    Request Owner's contact information
    1633 University Ave Berkeley, CA 94703
    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.
    1633 University Ave
    Berkeley, CA 94703
    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
    1633 University Ave Berkeley, CA 94703
    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
    Brian Merrion
    (888) 832-7179
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.