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Property profile & analytics
FOR LEASE
Office buildings
2120 Berkeley Way Berkeley, CA 94704
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8460296
For Lease
1 / 6
$31,115,000
2120 Berkeley Way, Berkeley, CA 94704
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1929
Construction
CONCRETE
Total area
42,449 SF
Lot
0.2 ac (8,736 SF)
APN
57-2046-2
UPID
US09-8460296
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.10M
Blend (final)
Blend
$31.12M
Owner & transaction history
Regency 2120 Berkeley Way LLC · 4 yrs held
Regency 2120 Berkeley Way LLC
since 2022
Last sale
$30.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$22.7M
+10.9%
Restaurant
$21.4M
+4.3%
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
$32,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,485,000
Current use
MEDICAL BUILDING
$22,710,000
Change: +11% · Conversion: Easy
RESTAURANT
$21,370,000
Change: +4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$19,140,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$31.12M
Range $28.00M – $34.23M · ±10% · vs last sale $30.13M (Feb 14 2022)
Last sale anchor
$30.13M
Feb 14 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
$733 / 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
$451,718
Tax year 2023
Assessed value
$31,342,050
Assessed 2024
Previous assessed
$30,727,500
+2.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$4,161,600
Assessed improvement
$27,180,450
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
1929
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
6
Total area
42,449 SF
Lot
0.2 ac (8,736 SF)
APN
57-2046-2
UPID
US09-8460296
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
OFFICE BUILDING Current
Est. value
$20.5M
MEDICAL BUILDING
Est. value
$22.7M
RESTAURANT
Est. value
$21.4M
INDUSTRIAL (GENERAL)
Est. value
$19.1M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
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
1929
Construction
CONCRETE
Heating
NONE
Stories
6
Buildings
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Regency 2120 Berkeley Way LLC
Entity
Mailing address
11661 SAN VICENTE BLVD STE #220, LOS ANGELES, CA 90049-5110
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$30,125,000
Regency 2120 Berkeley Way LLC
Berkeley Way LLC
Grant Deed
—
Sep 4, 2020
—
Berkeley Way LLC
—
Deed
related
$26,000,000 · Terracotta Credit Reit LLC
Aug 21, 2018
—
Berkeley Way LLC
—
Trustees Deed
related
$21,000,000 · Parkview Fin'l Fund 2015
Dec 7, 2016
—
Berkeley Way LLC
Berkeley Way LLC
Quit Claim Deed
related
$3,570,000 · Redwood Mortgage Corp
Oct 5, 2016
—
Berkeley Way LLC
—
Deed
related
$3,400,000 · * Other Institutional Lenders
May 19, 2015
—
Berkeley Way LLC
Hedgemon Real LLC
Quit Claim Deed
—
Feb 17, 2015
$4,810,000
Hedgemon Real LLC
Regents Of University/ca
Grant Deed
$2,400,000 · Private Individual
Jan 7, 1981
—
Regents Of The Universityof Califor
—
Grant Deed
related
—
—
—
Berkeley Way LLC
—
Loan Modification
related
$3,400,000 · * Other Institutional Lenders
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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