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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Investment properties
1949 Milvia St Berkeley, CA 94704-1043
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-7749288
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Construction
TILT-UP CONCRETE
Total area
6,523 SF
Lot
0.09 ac (4,128 SF)
APN
57-2053-12
UPID
US09-7749288
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$2.94M
Owner & transaction history
Abdul Mahrat · 3 yrs held
Abdul Mahrat
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.5M
+76.8%
Restaurant
$3.3M
+66.3%
Office building
$3.2M
+59.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Berkeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,880,000
ML approach
$2,960,000
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,975,000
Current use
MEDICAL BUILDING
$3,490,000
Change: +77% · Conversion: Easy
RESTAURANT
$3,285,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$3,150,000
Change: +59% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,940,000
Change: +49% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,770,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,360,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,325,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±10% · vs last sale $2.95M (Sep 2 2022)
Last sale anchor
$2.95M
Sep 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$450 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,775
Tax year 2023
Assessed value
$3,130,540
Assessed 2024
Previous assessed
$3,069,180
+2.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$668,556
Assessed improvement
$2,461,984
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Rooms
14
Total area
6,523 SF
Lot
0.09 ac (4,128 SF)
APN
57-2053-12
UPID
US09-7749288
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RETAIL STORES
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Rooms
14
Lot
0.09 ac
Current owner
From public records · entity-resolved
Abdul Mahrat
Individual
Free & Clear · 3 yrs held
Mailing address
463 CABONIA CT, PLEASANTON, CA 94566-6381
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
—
Abdul Mahrat
Abdulghaffar Mahrat
Intrafamily Transfer
related
—
Apr 19, 2021
$2,950,000
Abdulghaffar Mahrat
Dhian Virk
Grant Deed
$1,500,000 · Meriwest Cu
Sep 28, 2018
$2,700,000
Nanak Foundation Trust
Milvia University LLC
Grant Deed
$2,700,000 · Other Institutional Lenders
Nov 9, 2016
—
Milvia University LLC
Takagi,tani H
Grant Deed
—
Oct 21, 2016
—
Dana Y Takagi
Takagi Living Trust
Quit Claim Deed
related
—
Sep 3, 2009
—
Takagi Living Trust
Takagi,paul T
Quit Claim Deed
related
—
Sep 25, 1987
—
Paul Takagi
Takagi,paul
Quit Claim Deed
related
$100,000 · California First Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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