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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Investment properties
1726 Martin Luther King Jr Way Berkeley, CA 94709-2140
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6609282
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1903
Construction
WOOD
Total area
3,449 SF
Lot
0.13 ac (5,445 SF)
APN
58-2168-1
UPID
US09-6609282
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
$980k
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$960k
Owner & transaction history
Von,behren Family Living Trust · 5 yrs held
Von,behren Family Living Trust
since 2020
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+40.4%
Retail stores
$1.2M
+19.4%
Auto repair, garage
$1.1M
+6.4%
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
$970,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,045,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,465,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,245,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,110,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $925k (Dec 18 2020)
Last sale anchor
$925k
Dec 18 2020
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
$278 / 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
$23,409
Tax year 2023
Assessed value
$1,289,104
Assessed 2024
Previous assessed
$1,263,835
+2.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$401,901
Assessed improvement
$887,203
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
Similar Nearby for Lease
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
1903
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Bathrooms
2
Total area
3,449 SF
Lot
0.13 ac (5,445 SF)
APN
58-2168-1
UPID
US09-6609282
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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
1903
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Von,behren Family Living Trust
Trust
Mailing address
1726 MARTIN LUTHER KING JR WAY, BERKELEY, CA 94709-2140
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2020
—
Von,behren Family Living Trust
James R Von Behren
Quit Claim Deed
related
—
Sep 28, 2020
—
James R Von Behren
—
Deed
related
$510,400 · Ladera Lending INC
Aug 26, 2005
$925,000
James R Von Behren
Wendy Lorraine Bartlett
Grant Deed
$740,000 · Mylor Financial Group INC
—
—
Lorraine B Wendy
—
Deed Of Trust
related
$50,000 · Individual
—
—
W. Barlett
—
Deed Of Trust
related
$182,000 · Western Federal Savings & Loan
—
—
James R Von Behren
—
Deed Of Trust
related
$733,500 · Greenlight Loans
—
—
Bartlett Wendy L Tr
—
Deed Of Trust
related
$225,000 · World Savings & Loan
—
—
Bartlett Trust
—
Deed Of Trust
related
$42,000 · Bank Of America
—
—
James R Vonbehren
—
Deed Of Trust
related
$260,000 · Bank Of America
—
—
Barlett,tr
—
Deed Of Trust
related
$300,000 · World Savings Bank
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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