Berkeley Building Near UC
For Sale
$1,000,000
1829 Euclid Ave, Berkeley, CA 94709
Commercial building near UC Berkeley suitable for various businesses.
Property Size1,913 SF
Price / SF$522.74
Days on Market167
Property Features for 1829 Euclid Ave
General Information
Standard status
Active
Size
1,913 SF
Property subtype
Commercial
Amenities
Rolled Composition Roof
Building Details
Year Built
1936
Listing Agency:
RE/MAX ACCORD
(925) 283-9200
Listed By:
KEVIN OBRIEN · License #1385083
Source:
Corcoran
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 8 at 6:08AM
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 RE/MAX ACCORD
Investment Insights
Based on property information with market context.
Located steps away from the UC Berkeley campus, this 1,913-square-foot building is zoned C-N, making it suitable for a variety of businesses. The location is ideal for services such as dentists, doctors, therapists, and hair salons, as well as food-related businesses like restaurants, catering services, and pubs. Gyms, yoga studios, karate schools, and cardio workout facilities are also potential uses, along with retail stores. The property features two entrances, allowing for a possible split to accommodate two separate businesses. Previously, the building housed a successful sandwich shop for decades, with seating for 50 to 60 guests, along with a take-out and catering business. This property presents an opportunity to launch a new business or expand an existing market.
Key Highlights
- Prime location near UC Berkeley campus with access to over 45,000 students.
- C‑N zoning allows for a wide range of business types.
- 1,913 square feet with two entrances, offering potential for splitting into two separate units.
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
$51,789
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
5.18%
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%
$1,035,780
$1.0M
Cap Rate 7%
$739,843
$739.8K
Cap Rate 9%
$575,433
$575.4K
Market Conditions
NOI Build-Up for 1,913 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
$73.5K $38.40/SF
− Vacancy
−$4.4K −$2.30/SF
EGI
$69.1K $36.10/SF
− OpEx
−$17.3K −$9.02/SF
NOI
$51.8K $27.07/SF
Area
Berkeley, CA
Vacancy
6.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,035,780
Cap Rate 7%
$739,843
Cap Rate 9%
$575,433
Alternative Uses
Best Use
Specialty Retail
$739.8K
$647.4K – $863.2K
NOI $51,789 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$637.0K
$557.4K – $743.2K
NOI $44,592 @ 7.0% cap · market cap 4.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,684
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Nom Nom Bánh Mì — 2491 Telegraph Ave, Berkeley, CA 94704
- Amira Drey'z Experience LLC — 9425 Lawlor St, Oakland, CA 94605
- Bancroft Catering — 2680 Bancroft Way, Berkeley, CA 94704
- Greenleaf Provisions — 2316 Haste St, Berkeley, CA 94704
- grizzlychefs — 2710 Bancroft Way, Berkeley, CA 94704
Frequently Asked Questions
What type of property is this?
Restaurant - Commercial building near UC Berkeley suitable for various businesses.
Where is this restaurant located?
The property is located at 1829 Euclid Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location near UC Berkeley campus with access to over 45,000 students.; C‑N zoning allows for a wide range of business types.; 1,913 square feet with two entrances, offering potential for splitting into two separate units.
