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    1941 San Pablo Ave Berkeley, CA 94702

    • Retail properties
    • 18,235 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1941 San Pablo Ave

    Property size
    18,235 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional retail property, located at 1941 San Pablo Avenue in Berkeley, California, presents a unique investment opportunity. The building boasts a substantial 18,235 square feet of space, all available in one contiguous unit, making it ideal for a large-scale operation or a multi-tenant configuration. The property is zoned C-W (West Berkeley Commercial), allowing for a variety of uses. Ample parking is provided with 100 spaces available for customers and employees. The building is equipped with robust electrical service, featuring 1200 amps of 3-phase power, ensuring sufficient capacity for demanding operations. Elevators are conveniently available within the building, facilitating efficient movement of goods and people. Situated in Alameda County, with a 94702 zip code, this location offers excellent visibility and accessibility. The property's size and amenities make it particularly well-suited for a grocery store or similar large-format retail business. This is a rare opportunity to acquire a significant retail space in a thriving Berkeley location. The property's substantial size, ample parking, and robust power supply make it a highly desirable asset. The convenient elevator access further enhances its functionality and appeal. This prime location offers significant potential for growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.292
    Latitude
    37.87

    Comparable in this City

    • Value Estimation
      $605,000
      31,382 SF

      1417 Addison St

      GROCERY, SUPERMARKET • 31,382 SF
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    • Value Estimation by Request
      9,442 SF

      2006 San Pablo Ave

      Individual retail properties • 9,442 SF
      2006 San Pablo Ave, Berkeley, CA 94702
      View Details
    • Value Estimation
      $300,000
      1.04 Acres

      2332 San Pablo Ave

      NURSERY, GREENHOUSE, FLORIST • 1.04 Acres
      2332 San Pablo Ave, Berkeley, CA 94702-2039
      View Details
    • Value Estimation
      $245,000
      0.16 Acres

      1420 University Ave

      NURSERY, GREENHOUSE, FLORIST • 0.16 Acres
      1420 University Ave, Berkeley, CA 94702-1509
      View Details
    • Value Estimation by Request
      33,645 SF

      3020 San Pablo Ave

      Multifamily properties • 33,645 SF
      3020 San Pablo Ave, Berkeley, CA 94702
      View Details
    • Value Estimation
      $500,000
      11,557 SF

      2510 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,557 SF
      2510 San Pablo Ave, Berkeley, CA 94702-2013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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      Berkeley Retail Space For Rent

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    • $6,750 /Mo
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      Retail Space on San Pablo Avenue

      2,425 SF retail space with showroom and ample parking.
      1619 San Pablo Ave, Berkeley, CA 94702
      View Details
    • $2 SF/Yr
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      Retail Space in Berkeley

      Retail space available in high-traffic Berkeley location.
      2000-2006 San Pablo Ave, Berkeley, CA 94702
      View Details
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    1941 San Pablo Ave
    Berkeley, CA 94702
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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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