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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Medical Office Space
2372 Ellsworth St Berkeley, CA 94704-1580
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-8494258
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1943
Construction
TILT-UP CONCRETE
Total area
4,397 SF
Lot
0.22 ac (9,750 SF)
APN
55-1887-3
UPID
US09-8494258
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
-
Rachel A. Erwin, MFT Physician
-
Passport Health Berkeley Travel Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.49M
Owner & transaction history
Srihari R Vegesna · 5 yrs held
Srihari R Vegesna
since 2021
Last sale
$2.4M
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
Method
Estimation
Statistic approach
$2,545,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,355,000
Current use
OFFICE BUILDING
$2,120,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10% · vs last sale $2.40M (Jan 6 2021)
Last sale anchor
$2.40M
Jan 6 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
$565 / 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
$38,150
Tax year 2023
Assessed value
$2,546,880
Assessed 2024
Previous assessed
$2,496,960
+2.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$1,034,670
Assessed improvement
$1,512,210
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1943
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
6
Total area
4,397 SF
Lot
0.22 ac (9,750 SF)
APN
55-1887-3
UPID
US09-8494258
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 Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING Current
OFFICE 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
1943
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Srihari R Vegesna
Individual
Mailing address
3886 VIS PT CT, SAN JOSE, CA 95148-3100
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
$2,400,000
Srihari R Vegesna
Meaghan Keegan
Grant Deed
$450,000 · Community Bank Of The Bay
Jun 29, 2018
—
Meaghan Keegan
Ziggy & M Investment INC
Grant Deed
—
Apr 10, 2018
—
Ziggy & M Investment INC
Keegan,meaghan
Quit Claim Deed
related
—
May 14, 2013
—
Meaghan Keegan
Keegan,phyllis J
Quit Claim Deed
related
$207,000 · Michael Alders
Sep 1, 1977
—
—
—
Grant Deed
related
—
—
—
Meaghan Keegan
—
Deed Of Trust
related
$1,144,000 · Opus Bank
—
—
Meaghan Keegan
—
Deed Of Trust
related
$1,300,000 · Bofi Fed'l Bk
—
—
Phyllis J Keegan
—
Deed Of Trust
related
$390,000 · American Savings Bank
—
—
Meaghan Keegan
—
Deed Of Trust
related
$1,590,000 · Kinecta FCU
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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