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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Turn key restaurants
2462 Bancroft Way Berkeley, CA 94704
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-6772526
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1963
Construction
TILT-UP CONCRETE
Total area
6,040 SF
Lot
0.15 ac (6,500 SF)
APN
55-1878-20
UPID
US09-6772526
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
-
Dr. Jeff Medical Marijuana Card Berkeley Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$910k
Owner & transaction history
Zengs Berkeley LLC · 7 yrs held
Zengs Berkeley LLC
since 2019
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
by Request
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
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
$151 / 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
$120,141
Tax year 2023
Assessed value
$7,770,522
Assessed 2024
Previous assessed
$7,618,186
+2.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$6,433,140
Assessed improvement
$1,337,382
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
6,040 SF
Lot
0.15 ac (6,500 SF)
APN
55-1878-20
UPID
US09-6772526
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
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Zengs Berkeley LLC
Entity
Mailing address
2311 W AVE 135TH, SAN LEANDRO, CA 94577-4117
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
—
Zengs Berkeley LLC
—
Deed
related
$2,641,600 · Bank Of The Orient
Jul 17, 2019
$6,604,000
Zengs Berkeley LLC
Megdal,brooke & Blake
Grant Deed
$3,302,000 · Bank Of The Orient
Jun 17, 2019
—
Brooke Megdal
Bbt Berkeley LLC
Quit Claim Deed
related
—
May 4, 2012
—
Bbt Berkeley LLC
Megdal,brooke
Quit Claim Deed
related
—
Mar 16, 2012
—
Kenneth B White
White,pauline A
Quit Claim Deed
related
—
Mar 16, 2012
$2,450,000
Rea Bancroft LLC
Lehman Ent LP
Grant Deed
—
Mar 16, 2012
$3,000,000
Brooke Megdal
Rea Bancroft LLC
Grant Deed
—
Jun 1, 2005
—
Kenneth L White
White,kenneth L
Quit Claim Deed
related
—
Apr 18, 2005
—
Mahoney Family Trust
Mahoney,joseph D
Affidavit Of Death
related
—
Apr 21, 2004
—
Kenneth B White
White,tr
Quit Claim Deed
related
—
Nov 5, 1998
$120,727
Lehman Trust
Lehman Trust
Grant Deed
related
—
—
—
Zengs Berkeley LLC
—
Deed Of Trust
related
$2,641,600 · Bank Of The Orient
—
—
Bbt Berkeley LLC
—
Deed Of Trust
related
$2,200,000 · First Century 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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