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Property profile & analytics
OFF-MARKET
Specialty properties
2348 Ward St Berkeley, CA 94705
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-7288350
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1992
Construction
WOOD
Total area
5,770 SF
Lot
0.19 ac (8,375 SF)
APN
54-1716-31
UPID
US09-7288350
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lightcone Rose Garden LLC · 3 yrs held
Lightcone Rose Garden LLC
since 2022
Last sale
$165,000
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$70,806
Tax year 2023
Assessed value
$5,385,600
Assessed 2024
Previous assessed
$5,280,000
+2.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,530,000
Assessed improvement
$3,855,600
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
16
Bathrooms
16
Total area
5,770 SF
Lot
0.19 ac (8,375 SF)
APN
54-1716-31
UPID
US09-7288350
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
Building & site characteristics
From public records
Year built
1992
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
16
Bathrooms
16
Lot
0.19 ac
Current owner
From public records · entity-resolved
Lightcone Rose Garden LLC
Entity
Mailing address
2036 BANCROFT WAY, BERKELEY, CA 94704-1674
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
Nov 4, 2022
$165,000
Lightcone Rose Garden LLC
Rose Hospitality LLC
Grant Deed
$20,000,000 · Slimrock Investments Pte Ltd
Sep 1, 2015
$9,300,000
Rose Hospitality LLC
Gokel Family Living Trust
Grant Deed
$4,650,000 · Western Alliance Bk
Apr 4, 2002
—
Surrendra Gokel
—
Deed Of Trust
related
$2,400,000 · Wells Fargo Bank
Feb 2, 1999
—
Gokel Trust
Gokel,surrendra & Savita
Quit Claim Deed
related
—
Mar 3, 1998
$47,045,454
Surrendra Gokel
Gramma S B&r Inn
Grant Deed
$2,440,000 · Far East National Bank
Feb 8, 1984
—
Grammas B & B Inn
—
Grant Deed
related
—
Apr 1, 1982
—
—
—
Grant Deed
related
—
—
—
Grammas B In
—
Deed Of Trust
related
$2,450,000 · First Republic Trust
—
—
Grammas B In
—
Deed Of Trust
related
$252,000 · Us Small Business Admn
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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