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Property profile & analytics
OFF-MARKET
Estimated value
$6,935,000
Theaters & concert halls
2274 Shattuck Ave Berkeley, CA 94704-1431
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-7114659
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1932
Construction
TILT-UP CONCRETE
Total area
23,289 SF
Lot
0.48 ac (21,000 SF)
APN
57-2028-3
UPID
US09-7114659
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
$6.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.94M
Owner & transaction history
2274 Shattuck Qozb LLC · 3 yrs held
2274 Shattuck Qozb LLC
since 2022
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,460,000
ML approach
$6,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,880,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.94M
Range $6.24M – $7.63M · ±10% · vs last sale $7.00M (Aug 11 2022)
Last sale anchor
$7.00M
Aug 11 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
$298 / 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
$160,104
Tax year 2023
Assessed value
$7,140,000
Assessed 2024
Previous assessed
$7,000,000
+2.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$6,630,000
Assessed improvement
$510,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Total area
23,289 SF
Lot
0.48 ac (21,000 SF)
APN
57-2028-3
UPID
US09-7114659
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
$8.9M
MEDICAL BUILDING
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
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
2274 Shattuck Qozb LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2539 SHATTUCK AVE, BERKELEY, CA 94704-2725
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$7,000,000
2274 Shattuck Qozb LLC
United Artists Properties I Corp
Grant Deed
—
Nov 1, 2021
—
United Artists Properties I Corp
—
Deed
related
$16,000,000 · Barclays Bank Plc
Mar 12, 2021
—
United Artists Properties I Corp
Regal Entertainment Group
Grant Deed
—
Nov 27, 2017
—
Regal Entertainment Group
Wade William J
Quit Claim Deed
—
Nov 21, 1996
—
Theatre Investors II LLC
United Artists Theatre Circuit
Quit Claim Deed
related
—
—
—
United Artists
—
Deed Of Trust
related
$1,683,000 · Connecticut National Bank
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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