Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1929 Martin Luther King Jr Way Berkeley, CA 94704-1037

    • Office buildings
    • 11,553 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Apr 19, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9565589
    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.

    Current Use by Public Records

    • KPFA / Radio Station / Telecommunications Service
    • KPFB-FM Berkeley / Radio Station / Telecommunications Service

    Property Details for 1929 Martin Luther King Jr Way

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    11,553 SF
    Property type
    Office buildings
    APN
    57-2059-13-1
    APU
    572059131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.273
    Latitude
    37.8723
    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
    $20,019
    $645,374
    $2,526,456
    $3,171,830
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,550,000
      203,789 SF

      2043 Allston Waya

      PROFESSIONAL BUILDING (MULTI-STORY) • 203,789 SF
      2043 Allston Waya, Berkeley, CA 94704-1417
      View Details
    • Value Estimation by Request
      6,750 SF

      2150 Dwight Way

      OFFICE BUILDING • 6,750 SF
      2150 Dwight Way, Berkeley, CA 94704-2015
      View Details
    • Value Estimation
      $580,000
      22,240 SF

      1916 University Ave

      OFFICE BUILDING • 22,240 SF
      1916 University Ave, Berkeley, CA 94704-1024
      View Details
    • Value Estimation by Request
      0.16 Acres

      2108 Milvia St

      OFFICE BUILDING • 0.16 Acres
      2108 Milvia St, Berkeley, CA 94704
      View Details
    • Value Estimation
      $1,270,000
      44,936 SF

      2150 Allston Way

      PROFESSIONAL BUILDING (MULTI-STORY) • 44,936 SF
      2150 Allston Way, Berkeley, CA 94704-1346
      View Details
    • Value Estimation
      $540,000
      14,836 SF

      2109 Martin Luther King Jr Way

      OFFICE BUILDING • 14,836 SF
      2109 Martin Luther King Jr Way, Berkeley, CA 94704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,193 SF

      Berkeley Office Building For Sale

      Multi-tenant office building with parking near BART and University.
      1936 University Ave, Berkeley, CA 94704
      View Details
    • $225,000

      Berkeley Business Opportunity: Prime Location

      Established Business, High-Traffic Area, Excellent Potential
      Shattuck Ave Ave, Berkeley, CA 94704
      View Details
    • $599,950
      807 SF

      Retail Storefront on Telegraph Avenue

      Retail property on Telegraph Avenue, suitable for various businesses.
      Telegraph Ave, Berkeley, CA 94704
      View Details
    • $15,000,000
      39,682 SF

      Berkeley Mixed-Use Investment Opportunity

      Mixed-use building near UC Berkeley with value-add potential.
      2414 Telegraph Ave, Berkeley, CA 94704
      View Details
    • $2,600,000

      Mixed-Use Building Site in Berkeley

      Mixed-use property with development potential in Berkeley, California.
      2509 Dwight Way, Berkeley, CA 94704
      View Details
    • $4,750,000

      Dwight Way Student Housing Investment

      12-unit property near UC Berkeley with repositioning potential.
      2741 Dwight Way, Berkeley, CA 94704
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo
      7,506 SF

      Berkeley Building with Private Parking

      Entire building for lease near UC Berkeley with parking.
      Channing Way, Berkeley, CA 94704
      View Details
    • Contact for pricing
      1,050 SF

      Berkeley Office Space For Rent

      Historical Ross Bros building office space near UC Berkeley.
      64 Shattuck Sq, Berkeley, CA 94704
      View Details
    • Contact for pricing
      40,000 SF

      Mixed-Use Development in Downtown Berkeley

      High-profile mixed-use development at Shattuck and University Ave.
      1922 Walnut St, Berkeley, CA 94704
      View Details
    • Contact for pricing
      7,914 SF

      Berkeley Office Space For Rent

      Six-story office building near UC Berkeley with rooftop deck.
      2120 Berkeley Way, Berkeley, CA 94704
      View Details
    • Sponsored
      Contact for pricing

      Downtown Berkeley

      Meet, work or collaborate in our professional Connecticut Avenue business center
      2001 Addison St, Berkeley, CA 94704
      View Details
    • Contact for pricing
      2,650 SF

      Berkeley Arts District Office Space

      Seismically retrofitted office space in a prime Berkeley location.
      1900 Addison St, Berkeley, CA 94704
      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.
    1929 Martin Luther King Jr Way
    Berkeley, CA 94704-1037
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!