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    Property profile & analytics

    1048 University Ave Berkeley, CA 94710-2135

    • Retail space
    • 5,580 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $1,890,000
    Last Sale
    Apr 30, 2021
    $1,906,000
    Location Intelligence
    Property ID
    US09-8141920
    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

    • PETS Referral Center / Ophthalmologist / Specialized Hospital
    • Pet Emergency Treatment Services: Barlia Michael DVM / Veterinarian
    • Erin Updegrove / Veterinarian

    Property Details for 1048 University Ave

    Year built
    1928
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    5,580 SF
    Property type
    Retail space
    APN
    56-1978-1
    APU
    5619781

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,845,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,045,000
      6.5%
      $1,895,000
      7%
      $1,890,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,810,000
      Geo Method
      $1,800,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,960,000
      Retail
      $2,030,000
      Mixed-Use
      $2,040,000
      Hospitality
      $2,290,000
      Educational
      $1,805,000
      Residential Income
      $1,910,000
      Energy
      $2,385,000
      Income-Based Land
      $1,845,000
      Food Service
      $2,220,000

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.293
    Latitude
    37.8686
    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
    2023
    $23,784
    $848,960
    $324,408
    $1,173,368
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      729 Hearst Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      729 Hearst Ave, Berkeley, CA 94710-1926
      View Details
    • Value Estimation by Request
      0.13 Acres

      1801 4th St

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      1801 4th St, Berkeley, CA 94710-1910
      View Details
    • Value Estimation by Request
      61,193 SF

      1700 5th St

      RETAIL STORES (PERSONAL SERVICES) • 61,193 SF
      1700 5th St, Berkeley, CA 94710-1716
      View Details
    • Value Estimation by Request
      53,322 SF

      1050 Gilman St

      RETAIL STORES (PERSONAL SERVICES) • 53,322 SF
      1050 Gilman St, Berkeley, CA 94710-1532
      View Details
    • Value Estimation by Request
      33,452 SF

      1795 4th St

      RETAIL STORES (PERSONAL SERVICES) • 33,452 SF
      1795 4th St, Berkeley, CA 94710-1710
      View Details
    • Value Estimation by Request
      0.19 Acres

      1834 4th St

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      1834 4th St, Berkeley, CA 94710-1911
      View Details

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    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      3.0k
    • Avg Time on site
      46 min
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    1048 University Ave
    Berkeley, CA 94710-2135
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    Realmo Value Estimation

    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.

    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.

    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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