Fully Occupied Storefront
For Sale
Contact for pricing
1649 Hopkins St, Berkeley, CA 94707
Retail building near neighborhood shops and restaurants with full occupancy.
Property Size4,566 SF
Lot Size0.18 Acres
Price / SF$377.79
Days on Market80
Property Features for 1649 Hopkins St
General Information
Standard status
Active
Size
4,566 SF
Lot size
0.18 Acres
Property subtype
RETAIL
Occupancy
100%
Building Details
Year Built
1926
Listing Agency:
TRI Commercial | Walnut Creek
(925) 698-4010
Listed By:
John Sechser · License #00829597
(925) 698-4010
Source:
Moodyscre
Added: Jun 12
Changed: Aug 30
Last Checked: Aug 30 at 1:38AM
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 TRI Commercial | Walnut Creek
Investment Insights
Based on property information with market context.
This Berkeley storefront property contains 4,566 square feet within a building constructed in 1926. The property is fully occupied and positioned near neighborhood retailers and restaurants, with surrounding established residential development supporting a walkable local setting.
Located at 1649 Hopkins St, the property includes a 7,623-square-foot lot, equal to 0.178 acres. Its established building profile and occupied status provide a straightforward retail ownership opportunity in Berkeley.
Located at 1649 Hopkins St, the property includes a 7,623-square-foot lot, equal to 0.178 acres. Its established building profile and occupied status provide a straightforward retail ownership opportunity in Berkeley.
Key Highlights
- Fully occupied retail property
- 4,566 square feet in a building constructed in 1926
- 7,623 sf lot totaling 0.178 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,433
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,128,660
$2.1M
Cap Rate 7%
$1,520,471
$1.5M
Cap Rate 9%
$1,182,589
$1.2M
Market Conditions
NOI Build-Up for 4,566 SF
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.
Gross rent
$164.4K $36.00/SF
− Vacancy
−$12.3K −$2.70/SF
EGI
$152.0K $33.30/SF
− OpEx
−$45.6K −$9.99/SF
NOI
$106.4K $23.31/SF
Area
Berkeley, CA
Vacancy
7.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,128,660
Cap Rate 7%
$1,520,471
Cap Rate 9%
$1,182,589
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,433 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,611 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
7,185 visits/mo
0.4 miles
Demographics for 94707, CA
12,781
Population
5,377
Households
2.4
Avg Household Size
51
Median Age
85%
College-Educated
99%
High-School Grad
1.8 sq mi
ZIP Area
7,101
Density / Sq Mi
$196,591
Median Household Income
$109,617
Median Earnings
$2,406
Median Rent
$1,626,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building near neighborhood shops and restaurants with full occupancy.
Where is this storefront property located?
The property is located at 1649 Hopkins St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Fully occupied retail property; 4,566 square feet in a building constructed in 1926; 7,623 sf lot totaling 0.178 acres
