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Property profile & analytics
OFF-MARKET
Office buildings
2428 Dwight Way Ste 1 Berkeley, CA 94704-3503
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-9352216
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1943
Construction
WOOD
Total area
2,696 SF
Lot
0.13 ac (5,515 SF)
APN
55-1838-18
UPID
US09-9352216
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
Jane Magee Lundin · 8 yrs held
Jane Magee Lundin
since 2017
5 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
$21,815
Tax year 2023
Assessed value
$1,223,296
Assessed 2024
Previous assessed
$1,199,318
+2.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$386,304
Assessed improvement
$836,992
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
OFFICE BUILDING
Status
Off-Market
Year built
1943
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Total area
2,696 SF
Lot
0.13 ac (5,515 SF)
APN
55-1838-18
UPID
US09-9352216
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
1943
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jane Magee Lundin
Individual
Mailing address
100 BAY PL APT #1712, OAKLAND, CA 94610-4427
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2017
—
Jane Magee Lundin
Jane Magee Lundin
Intrafamily Transfer
related
$414,000 · Mechanics Bank
Jul 13, 2007
$950,000
Lundin Jane Trust
Lieu 1999 Family Trust
Grant Deed
$527,500 · Mechanics Bank
Oct 27, 2003
$635,000
Lieu,tr
Saefer,karen E & Paul R
Grant Deed
—
Aug 1, 1978
$95,000
—
—
Grant Deed
related
—
—
—
Karen E Saeger
—
Deed Of Trust
related
$310,000 · Bank Of America
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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