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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Investment properties
2047 Ashby Ave Berkeley, CA 94703-2506
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-9345314
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Construction
WOOD
Total area
3,094 SF
Lot
0.09 ac (4,000 SF)
APN
53-1591-11
UPID
US09-9345314
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
Current use
Occupant on record · Public records
-
Branding Boulevard Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$545k
Owner & transaction history
Verity Marketing Corporation · 13 yrs held
Verity Marketing Corporation
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$620,000
+9.9%
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
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$565,000
Current use
WAREHOUSE, STORAGE
$620,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$176 / 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
$13,272
Tax year 2023
Assessed value
$593,961
Assessed 2024
Previous assessed
$582,315
+2.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$338,027
Assessed improvement
$255,934
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
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
1927
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
3
Rooms
13
Bathrooms
5
Total area
3,094 SF
Lot
0.09 ac (4,000 SF)
APN
53-1591-11
UPID
US09-9345314
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
$565,000
WAREHOUSE, STORAGE
Est. value
$620,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1927
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
3
Rooms
13
Bathrooms
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Verity Marketing Corporation
Entity
Mailing address
1943 RUSSELL ST, BERKELEY, CA 94703-2260
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2019
—
Verity Marketing Corp
—
Deed
related
$500,000 · Jpmorgan Chase Bank NA
Jul 27, 2012
$492,000
Verity Marketing Corporation
Adlai M Karim
Grant Deed
$369,000 · Citibank NA
Mar 1, 2011
—
Adlai M Karim
Karim,adlai
Quit Claim Deed
related
$644,000 · Michael K Schmier
Apr 26, 2006
$725,000
Adlai Karim
Kent Steven SR Trust
Grant Deed
$200,000 · Lipton Marvin H & C A Trust
Dec 8, 2005
—
Kent Steven JR.
Kent,steven SR
Affidavit Of Death
related
—
Apr 7, 2005
—
Kent Steven SR Trust
Kent,steven SR
Quit Claim Deed
related
—
Mar 3, 2005
—
Kent Steven SR.
Kent,susan B
Affidavit Of Death
related
—
Dec 8, 1992
$190,000
Steven Kent
Ike,jesse P&emma
Grant Deed
$162,000 · Seller
—
—
Steven Kent
—
Deed Of Trust
related
$170,000 · Budget Finance Co
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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