Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1822 University Ave Berkeley, CA 94703
    Back to Search
    Property profile & analytics

    1822 University Ave, Berkeley, CA 94703

    View on Map
    • Motels
    • 9,396 SF
    • 0.32 lot acres
    Off-Market
    Property ID
    US09-8520621
    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
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 1822 University Ave

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property type
    Motels
    APN
    57-2016-22
    APU
    57201622

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 18, 2020 — Shree Laxmi LLC — Deed · related $2.9M · Mission Nat'l Bk
    Dec 5, 2017 — Shree Laxmi LLC — Deed · related $2.8M · Mission National Bank
    Dec 11, 2012 — Shree Laxmi LLC Shree Laxmi LP Quit Claim Deed —
    Dec 24, 2008 $4,972,500 Shree Laxmi Berkeley Travelodge LLC Grant Deed $2.4M · Roza Real Estate Loans INC
    Jul 7, 2004 — Berkeley Lodge LLC Berkeley Travelodge Quit Claim Deed · related —
    Jun 28, 2001 — Berkeley Travelodge LLC Bentitou Partnership Grant Deed · related —
    Mar 31, 2000 $600,000 Bentitou Partnership Dobbins Trust Grant Deed —
    Oct 16, 1984 — Dobbins,elinore W Trust — Grant Deed · related —
    — — Shree Laxmi LP — Deed Of Trust · related $2.5M · Bank Of Guam
    — — Shree Laxmi LLC — Loan Modification · related $2.9M · Mission Nat'l Bk
    — — Shree Laxmi — Deed Of Trust · related $350k · Renner W F & B J Trust
    — — Shree Laxmi LP — Deed Of Trust · related $1.8M · Bank Of Guam
    Apr 1, 1967 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.274
    Latitude
    37.8711
    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
    $83,012
    $1,207,240
    $4,376,542
    $5,583,782
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • 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
      7,938 SF

      1761 University Ave

      MOTEL
      1761 University Ave, Berkeley, CA 94703-1513
      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 by Request
      0.10 Acres

      Ellis St

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

      1635 Stuart St

      PARKING LOT
      1635 Stuart St, Berkeley, CA 94703
      View Details

    Similar Nearby for Sale

    • $2,495,000

      Berkeley Office Building with Parking

      Two-story office building near UC Berkeley with on-site parking.
      1633 University Ave, Berkeley, CA 94703
      View Details
    • $995,000
      3,516 SF

      Berkeley Church - Prime Location

      Mid-size congregation, immediate sale.
      2703 California St, Berkeley, CA 94703
      View Details
    • Contact for pricing
      10,330 SF

      Berkeley Multifamily Property Near UC

      10-unit multifamily property near UC Berkeley with value-add potential.
      1626 Francisco St, Berkeley, CA 94703
      View Details
    • Contact for pricing
      12,288 SF

      Berkeley Multifamily Investment Opportunity

      19-unit multifamily property with value-add potential in Berkeley.
      1430 Josephine St, Berkeley, CA 94703
      View Details
    • Contact for pricing
      2,534 SF

      Berkeley Multifamily Investment Opportunity

      Six-unit building in South Central Berkeley near amenities.
      2701 Grant St, Berkeley, CA 94703
      View Details
    • $1,225,000

      Berkeley Multifamily Investment Opportunity

      Five-unit multifamily property in a desirable Berkeley location.
      1535 Julia St, Berkeley, CA 94703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      668 SF

      Retail Space Near UC Berkeley

      High-visibility retail space in a mixed-use project near UC Berkeley.
      1598 University Ave, Berkeley, CA 94703
      View Details
    • Contact for pricing
      1,230 SF

      Turnkey Kitchen Space in Berkeley

      Ready-to-operate kitchen in high-visibility downtown location near UC Berkeley.
      1812 University Ave, Berkeley, CA 94703
      View Details
    • Contact for pricing

      Multi-Tenant Office Space Available

      Office suites for rent near BART and University.
      1936 University Ave, Berkeley, CA 94703
      View Details
    • 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
    • $2,100 /Mo
      1,455 SF

      Former Restaurant Space Available

      Restaurant space with hood and fire suppression system for rent.
      Alcatraz Ave, Berkeley, CA 94703
      View Details
    • Contact for pricing
      1,500 SF

      Corner Retail/Office Space Available

      Renovated corner retail/office space in vibrant Berkeley location.
      2750 Adeline St, Berkeley, CA 94703
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1822 University Ave
    Berkeley, CA 94703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1822 University Ave, Berkeley, CA, 94703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!