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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Motels
1175 University Ave Berkeley, CA 94702-1605
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8188064
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2000
Construction
WOOD
Total area
35,443 SF
Lot
1.01 ac (44,097 SF)
APN
57-2085-10-4
UPID
US09-8188064
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Holiday Inn Express & Suites Berkeley, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Ritz LLC · 27 yrs held
Ritz LLC
since 1999
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Berkeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$170,615
Tax year 2023
Assessed value
$9,306,930
Assessed 2024
Previous assessed
$9,094,466
+2.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,450,315
Assessed improvement
$7,856,615
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
69
Total area
35,443 SF
Lot
1.01 ac (44,097 SF)
APN
57-2085-10-4
UPID
US09-8188064
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
69
Lot
1.01 ac
Current owner
From public records · entity-resolved
Ritz LLC
Entity
Mailing address
6149 VW CRST DR, OAKLAND, CA 94619-3728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 1999
—
Ritz LLC
Ritz LLC
Quit Claim Deed
related
$2,800,000 · First Republic Bank
Nov 6, 1997
$926,500
Patel,babuhai K & Kalavati B
Lee Company
Trustees Deed
—
Nov 6, 1997
—
Bhikhabhai V Patel
Patel,jayshere B
Quit Claim Deed
related
—
Nov 5, 1991
—
Lee Company
Placer Foreclosu
Trustees Deed
related
—
—
—
K. Lee
—
Deed Of Trust
related
$750,000 · Individual
—
—
Lee Company
—
Deed Of Trust
related
$120,000 · Individual
—
—
Lee K.
—
Deed Of Trust
related
$250,000 · Individual
—
—
Lee Co
—
Deed Of Trust
related
$500,000 · Kyo-hao Lee Trustee
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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