Retail Storefront on Telegraph
For Sale
$599,950
2615 2615 Telegraph Ave, Berkeley, CA 94704
Retail property on Telegraph Avenue, ideal for owner-user.
Property Size807 SF
Price / SF$743.43
Days on Market101
Property Features for 2615 2615 Telegraph Ave
General Information
Standard status
Active
Size
807 SF
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
MAXREAL
(510) 219-2969
Listed By:
Catherine Lim · License #DRE #01148635
(510) 219-2969
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 5:57AM
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 MAXREAL
Investment Insights
Based on property information with market context.
This retail store, constructed in 1994, comprises two parcels functioning as a single economic unit. Unit #101 (APN#55-1840-53) measures 552 square feet, while Unit #102 (APN#55-1840-54) covers 255 square feet, resulting in a combined area of 807 square feet. Originally designed as one unit by the developer, the property is suitable for an owner-user. The layout can be easily converted back into two separate units, allowing the owner to occupy one and rent out the other. The property's location on Telegraph Avenue offers good frontage, with garage and street parking available. It is ideally suited for various retail businesses, including a barber shop, nail salon, yoga studio, Boba retail store, or sandwich shop. The location has a bike score of 99, indicating it is a biker's paradise, a walk score of 92, indicating it is a walker's paradise, and a transit score of 64, indicating good transit options.
Key Highlights
- Combined 807 sq ft unit, ideal for owner‑user or convert back to two units for rental income.
- Prime location on Telegraph main street with good frontage.
- High bikeScore (99) and walkScore (92), indicating excellent walkability and bike‑friendliness.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $36.00 |
| − Vacancy | −$2.2k | −$2.70 |
| EGI | $26.9k | $33.30 |
| − OpEx | −$8.1k | −$9.99 |
| NOI | $18.8k | $23.31 |
807 SF · lease $36.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.1K
$273.1K – $364.1K
NOI $21,847 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,409
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Bank of America
Shops & Services
20,432 visits/mo
0.3 miles
Chevron
Shops & Services
17,240 visits/mo
0.5 miles
Taco Bell
Dining
17,012 visits/mo
0.3 miles
Shell
Shops & Services
10,941 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
10,643 visits/mo
0.3 miles
Demographics for 94704, CA
25,259
Population
9,722
Households
2.6
Avg Household Size
26
Median Age
72%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
28,066
Density / Sq Mi
$52,105
Median Household Income
$17,509
Median Earnings
$1,987
Median Rent
$918,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Moe’s Flowers — 2446 Durant Ave, Berkeley, CA 94704
- Naho's Floral Pop-up Shop — 2918 domingo ave, berkeley, ca 94705
- Tulipan Floral — 2918 Domingo Ave, Berkeley, CA 94705
- Jutta's Flowers — 3078 Claremont Ave, Berkeley, CA 94705
- Verdure — 3014 Benvenue Ave, Berkeley, CA 94705
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property on Telegraph Avenue, ideal for owner-user.
Where is this storefront property located?
The property is located at 2615 2615 Telegraph Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Combined 807 sq ft unit, ideal for owner‑user or convert back to two units for rental income.; Prime location on Telegraph main street with good frontage.; High bikeScore (99) and walkScore (92), indicating excellent walkability and bike‑friendliness.
