Grocery and Convenience Store
For Sale
Contact for pricing
2000 & 2006 San Pablo Ave, Berkeley, CA 94702
Retail property with prominent signage and on-site accessibility along a commercial corridor.
Property Size9,406 SF
Price / SF$583.88
Days on Market25
Property Features for 2000 & 2006 San Pablo Ave
General Information
Standard status
Active
Size
9,406 SF
Property subtype
Retail
Zoning
Broad C-W
Building Details
Tenancy
Multi
Listing Agency:
Colliers International Walnut Creek
Listed By:
Cherie Huillade · License #CA 00918839
Source:
Crexi
Added: Aug 6
Changed: Aug 30
Last Checked: Aug 30 at 2:24AM
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 Colliers International Walnut Creek
Investment Insights
Based on property information with market context.
The property at 2000 & 2006 San Pablo Ave. comprises 9,406 square feet of retail space within Berkeley’s commercial corridor. The site includes prominent signage and on-site accessibility, with both pedestrian and vehicle traffic along San Pablo Avenue. Broad C-W zoning is identified for the property.
San Pablo Avenue provides access to Interstate 80, while downtown Berkeley and nearby residential neighborhoods are minutes away. The property is positioned within Berkeley, an East Bay city north of Oakland and near San Francisco, with the University of California, Berkeley supporting activity from students, faculty, and visitors. Surrounding commercial districts include restaurants, cafés, boutiques, and cultural venues.
San Pablo Avenue provides access to Interstate 80, while downtown Berkeley and nearby residential neighborhoods are minutes away. The property is positioned within Berkeley, an East Bay city north of Oakland and near San Francisco, with the University of California, Berkeley supporting activity from students, faculty, and visitors. Surrounding commercial districts include restaurants, cafés, boutiques, and cultural venues.
Key Highlights
- 9,406‑square‑foot retail property at 2000 & 2006 San Pablo Ave.
- Broad C‑W zoning
- Prominent signage along San Pablo Avenue
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
$254,639
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
4.64%
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%
$5,092,780
$5.1M
Cap Rate 7%
$3,637,700
$3.6M
Cap Rate 9%
$2,829,322
$2.8M
Market Conditions
NOI Build-Up for 9,406 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
$361.2K $38.40/SF
− Vacancy
−$21.7K −$2.30/SF
EGI
$339.5K $36.10/SF
− OpEx
−$84.9K −$9.02/SF
NOI
$254.6K $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%
$5,092,780
Cap Rate 7%
$3,637,700
Cap Rate 9%
$2,829,322
Alternative Uses
Best Use
Specialty Retail
$3.64M
$3.18M – $4.24M
NOI $254,639 @ 7.0% cap · market cap 4.64%
Second Best
Retail
$3.13M
$2.74M – $3.65M
NOI $219,254 @ 7.0% cap · market cap 3.99%
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
2,421
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 27%
Hotels & Casinos 7%
Apparel 5%
Chevron
Shops & Services
19,925 visits/mo
0.3 miles
Jack in the Box
Dining
13,091 visits/mo
0.1 miles
Paper Source
Shops & Services
9,105 visits/mo
0.5 miles
Valero Energy
Shops & Services
8,484 visits/mo
0.3 miles
Shell
Shops & Services
8,371 visits/mo
0.2 miles
Demographics for 94702, CA
17,637
Population
8,209
Households
2.1
Avg Household Size
39
Median Age
65%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
13,567
Density / Sq Mi
$99,135
Median Household Income
$66,516
Median Earnings
$1,974
Median Rent
$1,168,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Franklin Bros. Market — 901 Bancroft Way, Berkeley, CA 94710
- Bombay Spice House — 1036 University Ave, Berkeley, CA 94710
- Mi Tierra Foods — 2082 San Pablo Ave, Berkeley, CA 94702
- Target Grocery — 1414 University Ave, Berkeley, CA 94702
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property with prominent signage and on-site accessibility along a commercial corridor.
Where is this grocery and convenience store located?
The property is located at 2000 & 2006 San Pablo Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $5,492,000.
What are key features of this property?
This property features: 9,406‑square‑foot retail property at 2000 & 2006 San Pablo Ave.; Broad C‑W zoning; Prominent signage along San Pablo Avenue
