Mixed-Use Asset in North
For Sale
$5,497,000
1752-1760 Solano Ave, Berkeley, CA 94707
Fully occupied mixed-use building with retail and office suites.
Property Size18,819 SF
Price / SF$292.10
Days on Market176
Property Features for 1752-1760 Solano Ave
General Information
Standard status
Active
Size
18,819 SF
Property subtype
Retail
Building Details
Units
19
Listing Agency:
NAI Northern California
(510) 290-9647
Listed By:
James Kilpatrick · License #CalDRE #01277022
Source:
Nainorcal
Added: Mar 6
Changed: Aug 14
Last Checked: Aug 28 at 10:06AM
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 NAI Northern California
Investment Insights
Based on property information with market context.
Located on Solano Avenue in North Berkeley, this three-story mixed-use building offers a ground-floor retail suite and 18 renovated office suites. The building spans approximately 18,819 square feet and includes 19 gated parking spaces. The property has undergone significant capital improvements under current ownership, including new build-outs, modernized common areas, and upgraded building systems. The property is fully occupied with diversified professional tenancy. Situated in the heart of Berkeley Hills, the location has a Walker's Paradise Score of 94/100 and is surrounded by shops, restaurants, and entertainment. Current rents average $43.11 per square foot per month, while market rents are at $54.03 per square foot per month. The building features renovated and modernized systems, professional wayfinding, and move-in-ready suites.
Key Highlights
- Fully Occupied with Strong Tenancy: 100% occupancy with diversified professional tenants ensures immediate and reliable cash flow.
- Significant Rent Growth Potential: Current rents are below market value, offering substantial upside as leases renew.
- Prime Solano Avenue Location: Situated in the heart of North Berkeley on a vibrant retail and professional corridor with a high Walk Score.
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
$350,598
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
6.38%
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%
$7,011,960
$7.0M
Cap Rate 7%
$5,008,543
$5.0M
Cap Rate 9%
$3,895,533
$3.9M
Market Conditions
NOI Build-Up for 18,819 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
$609.7K $32.40/SF
− Vacancy
−$48.8K −$2.59/SF
EGI
$561.0K $29.81/SF
− OpEx
−$210.4K −$11.18/SF
NOI
$350.6K $18.63/SF
Area
Berkeley, CA
Vacancy
8.00%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
37.50%
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%
$7,011,960
Cap Rate 7%
$5,008,543
Cap Rate 9%
$3,895,533
Alternative Uses
Best Use
Mixed Use
$5.01M
$4.38M – $5.84M
NOI $350,598 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.28M
$6.37M – $8.49M
NOI $509,468 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,695
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use building with retail and office suites.
Where is this mixed-use property located?
The property is located at 1752-1760 Solano Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $5,497,000.
What are key features of this property?
This property features: Fully Occupied with Strong Tenancy: 100% occupancy with diversified professional tenants ensures immediate and reliable cash flow.; Significant Rent Growth Potential: Current rents are below market value, offering substantial upside as leases renew.; Prime Solano Avenue Location: Situated in the heart of North Berkeley on a vibrant retail and professional corridor with a high Walk Score.
