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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Investment properties
1653 Prince St Berkeley, CA 94703-2311
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-7433542
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
WOOD
Total area
3,429 SF
Lot
0.1 ac (4,515 SF)
APN
53-1606-5
UPID
US09-7433542
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$985k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
2340 Parker LLC · 2 yrs held
2340 Parker LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+193.5%
Office building
$1.7M
+164.7%
Neighborhood: shopping center
$1.5M
+133.1%
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
Method
Estimation
Statistic approach
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,835,000
Change: +193% · Conversion: Easy
OFFICE BUILDING
$1,655,000
Change: +165% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,455,000
Change: +133% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: +98% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Mar 7 2024)
Last sale anchor
$1.60M
Mar 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$467 / 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
$17,723
Tax year 2023
Assessed value
$984,267
Assessed 2024
Previous assessed
$964,971
+2.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$546,815
Assessed improvement
$437,452
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
4
Bathrooms
4
Total area
3,429 SF
Lot
0.1 ac (4,515 SF)
APN
53-1606-5
UPID
US09-7433542
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
4
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
2340 Parker LLC
Entity
Mailing address
3094 KING ST, BERKELEY, CA 94703-2456
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$1,600,000
2340 Parker LLC
Louis Michael Lesser
Grant Deed
$1,100,000 · The Mary Jo Lafaye Living Trust
Feb 15, 2022
—
Eunice Lee
—
Deed
related
$464,000 · Home Point Financial Corporation
Feb 21, 2019
$900,000
Eunice Lee
Edgley,shawn
Grant Deed
$450,000 · Susan Drawdy
Jan 24, 2002
—
Shawn Edgley
Edgley,abdolum P
Quit Claim Deed
related
—
Nov 20, 2001
—
Antonio Allen
Lucille Allen Estate
Quit Claim Deed
related
—
May 31, 1996
$188,500
Lucille Allen
Willie D Davis Estate
Grant Deed
$93,000 · Capitol Thrift & Loan
—
—
Davis Willie D
—
Deed Of Trust
related
$12,000 · Sears Roebuck & Co
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.
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