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    Property profile & analytics

    1516 University Ave Berkeley, CA 94703-1423

    • Retail space
    • 3,130 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US09-9349217
    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

    • Rack Attack Berkeley | formerly Rack Solid / Car Accessories Store

    Property Details for 1516 University Ave

    Year built
    1950
    Construction
    TILT-UP CONCRETE
    Lot size
    0.22 lot acres
    Property size
    3,130 SF
    Property type
    Retail space
    APN
    56-2003-20-1
    APU
    562003201

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.281
    Latitude
    37.8701
    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
    $17,788
    $615,692
    $259,556
    $875,248
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,341 SF

      3258 Adeline St

      RETAIL STORES (PERSONAL SERVICES) • 4,341 SF
      3258 Adeline St, Berkeley, CA 94703-2439
      View Details
    • Value Estimation
      $425,000
      3,600 SF

      1611 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      1611 University Ave, Berkeley, CA 94703-1424
      View Details
    • Value Estimation
      $605,000
      14,645 SF

      3195 Adeline St

      RETAIL STORES (PERSONAL SERVICES) • 14,645 SF
      3195 Adeline St, Berkeley, CA 94703-2401
      View Details
    • Value Estimation
      $285,000
      3,510 SF

      1806 Alcatraz Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,510 SF
      1806 Alcatraz Ave, Berkeley, CA 94703-2715
      View Details
    • Value Estimation
      $340,000
      4,500 SF

      1601 Ashby Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      1601 Ashby Ave, Berkeley, CA 94703-2303
      View Details
    • Value Estimation by Request
      3,600 SF

      3333 Martin Luther King Jr Way

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      3333 Martin Luther King Jr Way, Berkeley, CA 94703-2720
      View Details

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      Berkeley Church - Prime Location

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      Berkeley Office Building with Parking

      Two-story office building near UC Berkeley with on-site parking.
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    Similar Nearby for Lease

    • $3 SF/Yr
      1,500 SF

      Corner Retail/Office Space Available

      Renovated corner retail/office space in vibrant Berkeley location.
      2750 Adeline St, Berkeley, CA 94703
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    • $2,100 /Mo
      1,455 SF

      Former Restaurant Space Available

      Restaurant space with hood and fire suppression system for rent.
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    • $2,100 /Mo

      Restaurant Space with Hood

      Former restaurant space available for lease, includes hood.
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    • Contact for pricing
      1,050 SF

      Berkeley Office Space Near BART

      Office space near Ashby BART station and downtown Berkeley.
      2748 Adeline St, Berkeley, CA 94703
      View Details

    Property Visit Statistics

    • Visits by month
      4.3k
    • Visitors by month
      1.1k
    • Avg Time on site
      151 min
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    1516 University Ave
    Berkeley, CA 94703-1423
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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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