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    1761 University Ave Berkeley, CA 94703-1513
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    Property profile & analytics

    1761 University Ave, Berkeley, CA 94703-1513

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    • Motels
    • 7,938 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Sep 30, 2024
    $6,700,000
    Property ID
    US09-9345440
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quality Inn University / Hotel & Motel

    Property Details for 1761 University Ave

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property type
    Motels
    APN
    57-2061-6-1
    APU
    57206161

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2025 — Kr Hospitality LLC — Deed · related $300k · State Bank Of India (california)
    Dec 30, 2024 $6,700,000 Kr Hospitality LLC Rajputana Hospitality Investments L Grant Deed $1.2M · State Bank Of India (california)
    Aug 27, 2024 — Rajputana Hospitality Investments L — Deed · related $2.4M · Bay Commercial Bank
    Sep 1, 2020 — Rajputana Hospitality Investments L — Deed · related $3.9M · Cogent Bank
    Mar 9, 2020 — Rajputana Hospitality Invs LLC — Deed · related $500k · Zierolf Living Trust (lt)
    Jul 19, 2019 — Rajputana Hospitality Invs LLC — Deed · related $320k · Bank Of Guam
    Oct 19, 2017 — Rajputana Hospitality Invs LLC — Deed · related $367k · Steven & Ronald Felts
    Nov 29, 2016 — Rajputana Hospitality Invs LLC — Deed · related $450k · Renner W F III & B J Tr (pt)
    Sep 26, 2008 — Rajputana Hospitality Invs LLC Devdhara,shailendra Grant Deed $2.5M · United Labor Bank
    Mar 31, 2006 $2,100,000 Shailendra Devdhara Rosen,jean H Grant Deed $1.6M · Heritage Bank Of Commerce
    Mar 31, 2006 $632,000 Jean H Rosen Rosen,andrew P Quit Claim Deed · related —
    Mar 31, 2006 — Shallendra Devdhara Devdhara,cristina Quit Claim Deed · related —
    Jan 20, 2006 — Jean H Rosen Rosen Jean H Family Trust Quit Claim Deed · related —
    May 15, 2002 — Rosen Trust Rosen,andrew P Quit Claim Deed · related —
    Mar 12, 2002 — Rosen Trust Rosen,jean H Quit Claim Deed · related —
    Jul 14, 2000 $660,000 Jean H Rosen Kennedy Trust Grant Deed $460k · Wells Fargo Bank
    Mar 2, 1994 — Kennedy Trust Kennedy,peter C Quit Claim Deed · related —
    Feb 14, 1994 — Kennedy Trust Kennedy,kurt D Quit Claim Deed · related —
    — — Shailendra Devdhara — Deed Of Trust · related $450k · Kevin Ved
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $2.5M · Renner W F III & B J Tr (pt)
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $367k · Steven & Ronald Felts
    — — Shailendra Devdhara — Deed Of Trust · related $150k · Kirit N Shah
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $450k · Renner W F III & B J Tr (pt)
    — — Shailendra Devdhara — Deed Of Trust · related $100k · Robert & Rita Shahrokhshahi
    — — Rajputana Hospitality Invs — Deed Of Trust · related $50k · Bipin & Kumudini Kapadia
    — — Shailendra Devdhara — Deed Of Trust · related $100k · Tabare Investments INC
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $320k · Bank Of Guam
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $450k · Harshika A Ved
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $300k · Nitin N Shah
    — — Rajputana Hospitality Investme — Deed Of Trust · related $900k · Rajen & Sudha Patel
    — — Rajputana Hospitality Investme — Deed Of Trust · related $1.2M · Giraudo Trust (pt)
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $1M · Kirit N Shah
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $4.4M · Bank Of Guam
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $330k · Sunilkumar C Khatri
    — — Shailendra Devdhara — Deed Of Trust · related $100k · Philip V & Barbara Lyons
    — — Shailendra Devdhara — Deed Of Trust · related $90k · Walter & Barbara Renner
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $100k · Renner W F & B J Living Trust
    — — Shallendra Devdhara — Deed Of Trust · related $100k · Bipin Kapadia
    — — Shailendra Devdhara — Deed Of Trust · related $30k · Walter & Barbara Renner
    — — Shallendra Devdhara — Deed Of Trust · related $330k · Sunilkumar Khatri
    — — Rajputana Hospitality Invs LLC — Deed Of Trust · related $500k · Zierolf Living Trust (lt)
    — — Shailendra Devdhara — Deed Of Trust · related $70k · Tabare Investments INC

    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
    -122.276
    Latitude
    37.8715
    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
    $47,465
    $636,343
    $2,136,773
    $2,773,116
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $780,000
      9,396 SF

      1822 University Ave

      MOTEL
      1822 University Ave, Berkeley, CA 94703
      View Details
    • Value Estimation
      $570,000
      7,437 SF

      1619 University Ave

      MOTEL
      1619 University Ave, Berkeley, CA 94703-1424
      View Details
    • Value Estimation
      $540,000
      7,207 SF

      1512 University Ave

      MOTEL
      1512 University Ave, Berkeley, CA 94703-1423
      View Details
    • Value Estimation by Request
      0.10 Acres

      Ellis St

      VACANT COMMERCIAL LAND
      Ellis St, Berkeley, CA 94703
      View Details
    • Value Estimation by Request
      0.07 Acres

      2001 Ashby Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2001 Ashby Ave, Berkeley, CA 94703-2506
      View Details
    • Value Estimation
      $3,325,000
      23,774 SF

      1812 Delaware St

      APARTMENT HOUSE (5+ UNITS)
      1812 Delaware St, Berkeley, CA 94703-1370
      View Details

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    Similar Nearby for Lease

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      668 SF

      Retail Space Near UC Berkeley

      High-visibility retail space in a mixed-use project near UC Berkeley.
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      Turnkey Kitchen Space in Berkeley

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      Multi-Tenant Office Space Available

      Office suites for rent near BART and University.
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      Berkeley Office Space Near BART

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    • $2,100 /Mo
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      Former Restaurant Space Available

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      1,500 SF

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    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      2.6k
    • Avg Time on site
      22 min
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    Berkeley, CA 94703-1513
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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.

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