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    1931 San Pablo Ave Berkeley, CA 94702
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    1931 San Pablo Ave, Berkeley, CA 94702

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    • Investment properties
    • 25,388 SF
    • 1.15 lot acres
    For Sale
    $5,030,000
    View Listing →
    Retail Property in Berkeley For Sale
    $5,030,000
    18,235 SF

    Retail Property in Berkeley

    Retail property available for sale in Berkeley, California.

    1931 San Pablo Ave, Berkeley, CA
    View Listing
    Property ID
    US09-8188596
    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

    • Citycentric Investments Llc / Construction Company / General Contractor

    Property Details for 1931 San Pablo Ave

    Year built
    1925
    Construction
    TILT-UP CONCRETE
    Lot size
    1.15 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    57-2085-25
    APU
    57208525

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 20, 2022 — J Steven Kalmbach 1931 San Pablo Partners LLC Grant Deed —
    Jun 29, 2016 — 1931 San Pablo Partners LLC — Deed · related $167k · Bank Of Marin
    Oct 7, 2002 — 1931 San Pablo Partners LLC Kushani,ali R & Gabrielle D Grant Deed · related —
    Apr 23, 2002 — Ali R Kashani Smart & Final INC Grant Deed $1.5M · Bank Of Alameda
    Sep 18, 1997 $1,041,000 Smart & Final INC Casino Realty INC Grant Deed —
    Nov 10, 1992 $1,100,000 Casino Realty Tci Realty Inves Grant Deed —
    — — 1931 San Pablo Partners LLC — Deed Of Trust · related $743k · Bank Of Alameda
    — — 1931 San Pablo Partners LLC — Deed Of Trust · related $4M · Bank Of Alameda
    — — Smart & Final INC — Deed Of Trust · related —
    — — Smart & Final INC — Deed Of Trust · related —
    — — 1931 San Pablo Partners LLC — Loan Modification · related $167k · Bank Of Marin
    — — San Pablo Partners LLC — Deed Of Trust · related $2.5M · Bank Of Alameda
    — — Ali R Kashani — Deed Of Trust · related $600k · Smart & Final INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,030,000
      Market price range: $1.71M - $3.71M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,685,000
      Current use
      AUTO REPAIR, GARAGE
      $8,175,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.292
    Latitude
    37.87
    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
    $108,570
    $4,356,931
    $1,636,525
    $5,993,456
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $965,000
      3,584 SF

      2903 Sacramento St

      OFFICE/RESIDENTIAL (MIXED USE)
      2903 Sacramento St, Berkeley, CA 94702-2509
      View Details
    • Value Estimation by Request
      0.13 Acres

      1102 Camelia St

      OFFICE/RESIDENTIAL (MIXED USE)
      1102 Camelia St, Berkeley, CA 94702-1008
      View Details
    • Value Estimation
      $1,500,000
      10,304 SF

      2974 Sacramento St

      OFFICE/RESIDENTIAL (MIXED USE)
      2974 Sacramento St, Berkeley, CA 94702-2510
      View Details
    • Value Estimation
      $630,000
      2,428 SF

      2645 San Pablo Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2645 San Pablo Ave, Berkeley, CA 94702-2248
      View Details
    • Value Estimation by Request
      2,233 SF

      2371 San Pablo Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2371 San Pablo Ave, Berkeley, CA 94702-2055
      View Details
    • Value Estimation
      $815,000
      5,026 SF

      2361 San Pablo Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2361 San Pablo Ave, Berkeley, CA 94702-2055
      View Details

    Similar Nearby for Sale

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      West Berkeley Mixed-Use Property

      Mixed-use property with commercial and residential units in Berkeley.
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      Retail Property in Berkeley

      Retail property available for sale in Berkeley, California.
      1931 San Pablo Ave, Berkeley, CA 94702
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    • Contact for pricing
      10,563 SF

      Berkeley Retail/Office Building For Sale

      Two-story retail/office building in high-traffic West Berkeley location.
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    Similar Nearby for Lease

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      1,716 SF

      Berkeley Retail Space For Rent

      Retail space in Berkeley's busy international food district.
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      1,702 SF

      Retail Space in Berkeley Available

      High-visibility Berkeley retail space with ample parking and tenant improvements.
      3015 San Pablo Ave, Berkeley, CA 94702
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      4,700 SF

      Retail Space in Berkeley

      Retail space available in high-traffic Berkeley location.
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      5,000 SF

      Remodeled Retail Space Available

      Retail space with upgraded commercial kitchen and modern storefront.
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      1,222 SF

      Retail Space in Berkeley

      Retail space available in high-traffic Berkeley location.
      3006 San Pablo Ave, Berkeley, CA 94702
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    View Listing
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    Berkeley, CA 94702
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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.

    More about this property
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