Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2448 6th St Berkeley, CA 94710-2414

    • Flex space
    • 33,298 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimations
    $865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8626590
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Steep Hill Lab / Laboratory / Corporate Campus
    • Steep Hill California / Medical Laboratory
    • Hemp Testing / Hemptesting.com / Laboratory

    Property Details for 2448 6th St

    Year built
    1963
    Construction
    TILT-UP CONCRETE
    Lot size
    0.78 lot acres
    Property size
    33,298 SF
    Property type
    Flex space
    APN
    56-1943-14-1
    APU
    561943141

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $947,000
      Market price range: $948k - $6.29M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.296
    Latitude
    37.8601
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $46,368
    $135,327
    $711,607
    $846,934
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $855,000
      22,322 SF

      800 Bancroft Way

      LIGHT INDUSTRIAL • 22,322 SF
      800 Bancroft Way, Berkeley, CA 94710-2251
      View Details
    • Value Estimation
      $610,000
      45,103 SF

      1047 Folger Ave

      LIGHT INDUSTRIAL • 45,103 SF
      1047 Folger Ave, Berkeley, CA 94710-2819
      View Details
    • Value Estimation
      $435,000
      8,740 SF

      725 Gilman St

      LIGHT INDUSTRIAL • 8,740 SF
      725 Gilman St, Berkeley, CA 94710-1312
      View Details
    • Value Estimation
      $335,000
      7,424 SF

      1216 5th St

      LIGHT INDUSTRIAL • 7,424 SF
      1216 5th St, Berkeley, CA 94710-1306
      View Details
    • Value Estimation by Request
      349 SF

      2220 4th St

      LIGHT INDUSTRIAL • 349 SF
      2220 4th St, Berkeley, CA 94710-2215
      View Details
    • Value Estimation
      $4,965,000
      8,781 SF

      1801 Eastshore Hwy

      LIGHT INDUSTRIAL • 8,781 SF
      1801 Eastshore Hwy, Berkeley, CA 94710-1901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,975 SF

      Berkeley Flex Space For Sale

      Move-in ready flex space with parking in Berkeley, CA.
      1310 9Th St, Berkeley, CA 94710
      View Details
    • $3,750,000
      0.25 Acres

      Berkeley Commercial Warehouse - Prime Location

      High-visibility warehouse, Bay Area access, included inventory.
      1805 Eastshore Hwy, Berkeley, CA 94710
      View Details
    • Contact for pricing
      10,563 SF

      Berkeley Retail/Office Building For Sale

      Two-story retail/office building in high-traffic West Berkeley location.
      1095 University Ave, Berkeley, CA 94710
      View Details
    • $595,000
      0.55 Acres

      Berkeley Commercial Condo - Prime Location

      Office Condo, High Ceilings, Updated
      2512 Ninth, Berkeley, CA 94710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Flex Space with Lab Features

      Flex space featuring lab, warehouse, and office components.
      829 Heinz Ave, Berkeley, CA 94710
      View Details
    • $19,000 /Mo
      4,400 SF

      Freestanding Office Building with Yard

      Freestanding office building with fenced, lighted, and secured yard.
      1206 5Th St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      7,957 SF

      Contemporary Office and Lab Space

      Office and lab space with outdoor gathering area in Berkeley.
      2222 4Th St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      9,260 SF

      Berkeley Flex Space Available

      9,260 SF flex space with build-to-suit lab improvements.
      1440 4Th St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      9,850 SF

      Berkeley Flex Space with Labs

      Flex space featuring offices, labs, and warehouse storage.
      2850 7Th St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      25,174 SF

      Berkeley Industrial Space with Cranes

      Industrial space featuring cranes, office, and yard in Berkeley.
      641 Gilman St, Berkeley, CA 94710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2448 6th St
    Berkeley, CA 94710-2414
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.