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Property profile & analytics
OFF-MARKET
Estimated value
$19,845,000
Industrial properties
2070 Allston Way Berkeley, CA 94704-1460
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-8657680
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1920
Construction
TILT-UP CONCRETE
Total area
34,160 SF
APN
57-2027-11
UPID
US09-8657680
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
-
Berkeley City College South Campus High School
-
C. Light Technologies, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.18M
Blend (final)
Blend
$19.85M
Owner & transaction history
Ca Student Living Berkeley LLC · 5 yrs held
Ca Student Living Berkeley LLC
since 2021
Last sale
$20.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.3M
+76.8%
Restaurant
$17.2M
+66.3%
Office building
$16.5M
+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
$21,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$18,275,000
Change: +77% · Conversion: Easy
RESTAURANT
$17,195,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$16,485,000
Change: +59% · Conversion: Easy
INDUSTRIAL (GENERAL)
$15,405,000
Change: +49% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,515,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$12,345,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,175,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$19.85M
Range $17.86M – $21.83M · ±10% · vs last sale $20.00M (Mar 3 2021)
Last sale anchor
$20.00M
Mar 3 2021
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
$581 / 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
$319,660
Tax year 2023
Assessed value
$21,224,000
Assessed 2024
Previous assessed
$20,808,000
+2.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$21,117,880
Assessed improvement
$106,120
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1920
Construction
TILT-UP CONCRETE
Buildings
1
Total area
34,160 SF
APN
57-2027-11
UPID
US09-8657680
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
MEDICAL BUILDING
Est. value
$18.3M
RESTAURANT
Est. value
$17.2M
OFFICE BUILDING
Est. value
$16.5M
INDUSTRIAL (GENERAL)
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.5M
RETAIL STORES
Est. value
$12.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.2M
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
1920
Construction
TILT-UP CONCRETE
Buildings
1
Current owner
From public records · entity-resolved
Ca Student Living Berkeley LLC
Entity
Free & Clear · 5 yrs held
Mailing address
130 E RANDOLPH ST STE #2100, CHICAGO, IL 60601-6223
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
$20,000,000
Ca Student Living Berkeley LLC
Hsr Berkeley Investments LLC
Grant Deed
—
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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