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    1401 Martin Luther King Jr Way Berkeley, CA 94709-1914
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    Property profile & analytics

    1401 Martin Luther King Jr Way, Berkeley, CA 94709-1914

    View on Map
    • Strip malls
    • 4,828 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US09-8223455
    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.
    Value Estimations
    $1,005,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr.Mopps Children's Books / (Bike/Boat/Book/etc) Store

    Property Details for 1401 Martin Luther King Jr Way

    Year built
    1925
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    59-2269-1
    APU
    5922691

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2018 — Jenny W Stevenson Stevenson,jan W Quit Claim Deed —
    Mar 1, 2012 $1,150,000 Martin Luther King 1405 JR. Yamashita Trust Grant Deed —
    Dec 21, 1992 — Yamashita Trust Yamashita,yuichi Quit Claim Deed · related —
    Mar 26, 1974 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.274
    Latitude
    37.8813
    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
    $21,934
    $710,670
    $391,837
    $1,102,507
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $725,000
      3,260 SF

      1417 Martin Luther King Jr Way

      SHOPPING CENTER, STRIP CENTER
      1417 Martin Luther King Jr Way, Berkeley, CA 94709-1914
      View Details
    • Value Estimation
      $3,820,000
      1,161 SF

      1752 Shattuck Ave

      AUTO REPAIR, GARAGE
      1752 Shattuck Ave, Berkeley, CA 94709-1750
      View Details
    • Value Estimation by Request
      0.13 Acres

      1801 Euclid Ave

      RETAIL STORES (PERSONAL SERVICES)
      1801 Euclid Ave, Berkeley, CA 94709-1317
      View Details
    • Value Estimation by Request
      834 SF

      1201 The Alameda

      SERVICE STATION (FULL SERVICE)
      1201 The Alameda, Berkeley, CA 94709-1906
      View Details
    • Value Estimation
      $6,315,000
      37,318 SF

      1550 Shattuck Ave

      GROCERY, SUPERMARKET
      1550 Shattuck Ave, Berkeley, CA 94709-1517
      View Details
    • Value Estimation by Request
      1,200 SF

      1848 Shattuck Ave

      RESTAURANT
      1848 Shattuck Ave, Berkeley, CA 94709
      View Details

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    • $1,000,000

      Berkeley Building Near UC Campus

      Commercial building near UC Berkeley suitable for retail or restaurant.
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      Prime North Berkeley Retail Property

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      7,167 SF

      Berkeley Mixed-Use Trophy Asset

      Eleven-unit building in Berkeley's Gourmet Ghetto with apartments and commercial spaces.
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      5,760 SF

      Berkeley Multifamily Investment Opportunity

      Well-maintained 7-unit building near UC Berkeley with upside potential.
      2015 Hearst Ave, Berkeley, CA 94709
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    Similar Nearby for Lease

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      871 SF

      Retail Space Near UC Berkeley

      Corner retail space available across from UC Berkeley.
      1865 Euclid Ave, Berkeley, CA 94709
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      9,539 SF

      Shattuck Avenue Office Space

      Office space available for rent on Shattuck Avenue.
      1625 Shattuck Ave, Berkeley, CA 94709
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    • Contact for pricing

      Office Space for Rent

      Office space available for rent at 1797 Shattuck Avenue.
      1797 Shattuck Ave, Berkeley, CA 94709
      View Details
    • Contact for pricing
      340 SF

      Private Office Space For Rent

      Private third-floor office space with abundant natural light.
      1600 Shattuck Ave, Berkeley, CA 94709
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    Berkeley, CA 94709-1914
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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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