Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1882 Harmon St Berkeley, CA 94703-2465
    Back to Search
    Property profile & analytics

    1882 Harmon St, Berkeley, CA 94703-2465

    View on Map
    • Investment properties
    • 0.10 lot acres
    Off-Market
    Last Sale Sep 12, 2022
    $175,000
    Property ID
    US09-8208306
    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

    • Investment properties

    Property Details for 1882 Harmon St

    Lot size
    0.10 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    52-1528-18
    APU
    52152818

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 12, 2022 — Lorin Station INC Lorin Station INC Intrafamily Transfer · related $731k · City Of Berkeley
    Jan 27, 2022 — Lorin Station INC Lorin Station Associates LLP Quit Claim Deed · related —
    Nov 14, 1991 $175,000 Lorin Station As South Berkeley N Grant Deed —
    Mar 4, 1988 $175,000 Berkeley N South Laude Grant Deed $88k · Local Initiatives Support Corp
    — — Berkeley N South — Deed Of Trust · related $177k · City Of Berekely
    — — Lorin Station Associates — Deed Of Trust · related $400k · California Community

    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
    -122.271
    Latitude
    37.8495
    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
    $3,232
    $239,292
    $0.00
    $239,292
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,345,000
      7,846 SF

      1700 University Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1700 University Ave, Berkeley, CA 94703-1514
      View Details
    • Value Estimation
      $885,000
      4,318 SF

      3347 Martin Luther King Jr Way

      OFFICE/RESIDENTIAL (MIXED USE)
      3347 Martin Luther King Jr Way, Berkeley, CA 94703-2720
      View Details
    • Value Estimation
      $1,600,000
      3,429 SF

      1653 Prince St

      OFFICE/RESIDENTIAL (MIXED USE)
      1653 Prince St, Berkeley, CA 94703-2311
      View Details
    • Value Estimation by Request
      3,080 SF

      2923 Adeline St

      OFFICE/RESIDENTIAL (MIXED USE)
      2923 Adeline St, Berkeley, CA 94703-2502
      View Details
    • Value Estimation by Request
      1,881 SF

      1859 Alcatraz Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1859 Alcatraz Ave, Berkeley, CA 94703-2764
      View Details
    • Value Estimation by Request
      4,548 SF

      1830 Alcatraz Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1830 Alcatraz Ave, Berkeley, CA 94703-2715
      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
    • Contact for pricing
      5,813 SF

      Berkeley Mixed-Use Income Property

      Mixed-use property with residential and commercial spaces in Berkeley.
      1718 Bancroft Way, Berkeley, CA 94703
      View Details
    • Contact for pricing
      4,528 SF

      Berkeley Multifamily Investment Opportunity

      Five units in prime Central Berkeley location near UC Berkeley.
      2118 California St, Berkeley, CA 94703
      View Details
    • $3,700,000
      9,068 SF

      Mixed-Use Asset Near Ashby BART

      Mixed-use 7-unit asset in the heart of South Berkeley.
      3228 Adeline St, Berkeley, CA 94703
      View Details
    • $2,850,000

      Berkeley Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential units in South Berkeley.
      1507 Prince St, Berkeley, CA 94703
      View Details
    • $1,625,000
      5,207 SF

      Berkeley Mixed-Use Property For Sale

      Mixed-use property with residential and commercial spaces in Berkeley.
      Bancroft Way, 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.
    1882 Harmon St
    Berkeley, CA 94703-2465
    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
    1882 Harmon St, 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!