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    2702 Dana St Berkeley, CA 94705

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    For Sale
    $2,400,000

    Therapy building and duplex near UC Berkeley campus for sale.

    Property size:
    5,466 SF
    Added:
    May 10, 2025
    Days on Market:
    342
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 2702 Dana St

    General Information

    Standard status
    Active
    Size
    5,466 SF

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    ANDY ROHNER

    Listing agent ANDY ROHNER

    Listing office ROHNER REAL ESTATE

    Listing date May 10, 2025

    Source Corcoran

    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 ROHNER REAL ESTATE

    Overview

    Therapy Building and Residential Duplex

    This property features a therapy building and a residential duplex situated on a parcel of approximately 15,000 square feet. The therapy building, encompassing approximately 3,871 square feet, includes a large shared area and four separate wings. Each wing contains two spacious offices with natural light and wood floors, a kitchenette/break room, a full bathroom with shower, private hallways, and small storage closets. The shared area includes a large waiting/reception room and a common bathroom. The residential duplex, totaling approximately 1,605 square feet, comprises two spacious 2-bedroom, 1-bathroom apartment units. The upstairs apartment is currently leased for $2,403 per month and includes a large full-height flex-space in the attic with stair access. The lower unit is currently vacant. Both buildings have private parking lots. The property is located on a tree-lined street near Telegraph Avenue in a quiet neighborhood setting, near the UC Berkeley campus and Ashby Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grossman Lee MD Physician Epstein Robert A MD Physician Epstein Rebecca PHD Physician Baeuerien Janis A MD Physician Macvicar Mary K ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mark Matteucci, DVM — 2126 Haste St, Berkeley, CA 94704
    • Christina Marion — 2126 Haste St, Berkeley, CA 94704
    • Moi Kouch — 2126 Haste St, Berkeley, CA 94704
    • Alina Kelman — 2126 Haste St, Berkeley, CA 94704
    • Barbara Wang — 2126 Haste St, Berkeley, CA 94704

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.26
    Latitude
    37.8609

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    FAQs

    What type of property is this?
    Medical Office Space - Therapy building and duplex near UC Berkeley campus for sale.
    Where is this medical office space located?
    The property is located at 2702 Dana St Berkeley, CA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Therapy building featuring four separate wings, each with two spacious offices, kitchenette, full bathroom, and private hallways.; Residential duplex with two spacious 2BD/1BA apartment units provides rental income potential.; Upstairs apartment currently leased for $2,403/month with additional full‑height flex‑space in attic.
    We can help!
    Listing Contact
    ANDY ROHNER
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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