Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2500 Martin Luther King Jr Way Berkeley, CA 94704-2613

    • Apartment buildings
    • 13,289 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $2,005,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7752229
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Berkeley Monart Studio / Training Center / Tutoring Service
    • Berkeley Mail & Print / (Bike/Boat/Book/etc) Store / Printing Service
    • Ahaducart / Marketing & Advertising / IT Consulting Firm
    • Back In Action Chiro Center / Alternative Medicine Practice
    • Back in Action Chiropractic Center / Alternative Medicine Practice

    Property Details for 2500 Martin Luther King Jr Way

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    13,289 SF
    Property type
    Apartment buildings
    APN
    54-1814-1-2
    APU
    54181412

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.272
    Latitude
    37.8631
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,769
    $278,791
    $1,868,634
    $2,147,425
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $30,245,000
      136,811 SF

      2600 Shattuck Ave

      APARTMENT HOUSE (5+ UNITS) • 136,811 SF
      2600 Shattuck Ave, Berkeley, CA 94704-3223
      View Details
    • Value Estimation
      $37,375,000
      167,071 SF

      2352 Shattuck Ave

      APARTMENT HOUSE (5+ UNITS) • 167,071 SF
      2352 Shattuck Ave, Berkeley, CA 94704-1553
      View Details
    • Value Estimation
      $2,785,000
      19,624 SF

      2211 Carleton St

      APARTMENT HOUSE (5+ UNITS) • 19,624 SF
      2211 Carleton St, Berkeley, CA 94704-3240
      View Details
    • Value Estimation
      $2,305,000
      10,060 SF

      2717 Channing Way

      APARTMENT HOUSE (5+ UNITS) • 10,060 SF
      2717 Channing Way, Berkeley, CA 94704-2463
      View Details
    • Value Estimation
      $990,000
      4,357 SF

      2023 Channing Way

      APARTMENT HOUSE (5+ UNITS) • 4,357 SF
      2023 Channing Way, Berkeley, CA 94704-1941
      View Details
    • Value Estimation
      $760,000
      3,699 SF

      2014 Channing Way

      APARTMENT HOUSE (5+ UNITS) • 3,699 SF
      2014 Channing Way, Berkeley, CA 94704-1935
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Mixed-Use Property in Berkeley

      Mixed-use property with development potential in Berkeley, California.
      2509 Dwight Way, Berkeley, CA 94704
      View Details
    • $15,000,000

      Mixed-Use Asset Near UC Berkeley

      Premier mixed-use property with residential and retail units near UC Berkeley.
      2414 Telegraph Ave, Berkeley, CA 94704
      View Details
    • Contact for pricing

      Berkeley Mixed-Use Development

      Pre-approved, high-density project, prime location.
      2655 Shattuck Ave, Berkeley, CA 94704
      View Details
    • $16,800,000
      31,802 SF

      Mixed-Use Student Housing Opportunity

      Premier mixed-use property near UC Berkeley with retail and residential.
      2171 Allston Way, Berkeley, CA 94704
      View Details
    • $15,000,000

      Berkeley Mixed-Use Investment Opportunity

      Mixed-use building near UC Berkeley with value-add potential.
      2414 Telegraph Ave, Berkeley, CA 94704
      View Details
    • $2,500,000

      Mixed-Use Building Site in Berkeley

      Mixed-use property with development potential in Berkeley, California.
      2509 Dwight Way, Berkeley, CA 94704
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo
      7,506 SF

      Berkeley Building with Private Parking

      Entire building for lease near UC Berkeley with parking.
      Channing Way, Berkeley, CA 94704
      View Details
    • Contact for pricing
      3,029 SF

      Restaurant Space in Downtown Berkeley

      Second generation restaurant space with existing kitchen infrastructure.
      2150 Shattuck Ave, Berkeley, CA 94704
      View Details
    • Contact for pricing
      539 SF

      Retail Space in Downtown Berkeley

      Retail space available in high-traffic downtown Berkeley location.
      2640 Shattuck Ave, Berkeley, CA 94704
      View Details
    • $71 SF/Yr
      9,662 SF

      Downtown Berkeley Office Space

      Prime Berkeley location, flexible suites.
      2001 Addison St, Berkeley, CA 94704
      View Details
    • Contact for pricing
      1,553 SF

      Retail Space Near UC Berkeley

      Retail space ideal for fitness or dance studio use.
      2055 Center St, Berkeley, CA 94704
      View Details
    • Contact for pricing
      5,048 SF

      Berkeley Retail Space Available Now

      Retail spaces available in Downtown Berkeley, near restaurants and entertainment.
      2000 Shattuck Ave, Berkeley, CA 94704
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2500 Martin Luther King Jr Way
    Berkeley, CA 94704-2613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!