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Property profile & analytics
OFF-MARKET
Estimated value
$10,000,000
Investment properties
2587 Telegraph Ave Berkeley, CA 94704
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6867887
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1986
Construction
WOOD
Total area
18,790 SF
Lot
0.43 ac (18,779 SF)
APN
55-1839-19-1
UPID
US09-6867887
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
$10.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.00M
Blend (final)
Blend
$10.00M
Owner & transaction history
Gdcb Berkeley Propco LLC · 1 yrs held
Gdcb Berkeley Propco LLC
since 2024
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.1M
+76.8%
Restaurant
$9.5M
+66.3%
Office building
$9.1M
+59.5%
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
$10,000,000
ML approach
$10,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,055,000
Change: +77% · Conversion: Easy
RESTAURANT
$9,460,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$9,070,000
Change: +59% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,475,000
Change: +49% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,985,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$6,790,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,695,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$10.00M
Range $9.00M – $11.00M · ±10% · vs last sale $10.00M (Jun 24 2024)
Last sale anchor
$10.00M
Jun 24 2024
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
$532 / 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
$115,433
Tax year 2023
Assessed value
$6,963,359
Assessed 2024
Previous assessed
$6,963,359
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$4,357,902
Assessed improvement
$2,605,457
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
6
Total area
18,790 SF
Lot
0.43 ac (18,779 SF)
APN
55-1839-19-1
UPID
US09-6867887
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
Est. value
$10.1M
RESTAURANT
Est. value
$9.5M
OFFICE BUILDING
Est. value
$9.1M
INDUSTRIAL (GENERAL)
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
RETAIL STORES
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
6
Lot
0.43 ac
Current owner
From public records · entity-resolved
Gdcb Berkeley Propco LLC
Entity
Mailing address
7 JACKSON WALKWAY AVEA, PROVIDENCE, RI 02903-3638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
$10,000,000
Gdcb Berkeley Propco LLC
2587 Telegraph Ave LLC
Grant Deed
$52,000,000 · Santander Bank NA
May 30, 2024
$10,000,000
2587 Telegraph Ave LLC
2565-2589 Telegraphblake LLC
Grant Deed
—
Jun 18, 2021
—
2565 2589 Telegraph Blake LLC
—
Deed
related
$3,000,000 · Mega Bank
Jun 9, 2016
$6,000,000
2565-2589 Telegraph Blake LLC
2565 Telegraph LLC
Grant Deed
—
Jan 11, 2006
—
2565 Telegraph LLC
Friedkin Investment Co
Grant Deed
—
Dec 21, 2005
—
Friedkin Investment Co
Mightybush Investment Co Ltd
Grant Deed
$2,650,000 · Commercial Capital Bank Fsb
Oct 16, 1991
$1,579,000
Mightybush Inves
Boddu,j.&m.
Grant Deed
—
Jun 18, 1982
$352,500
—
—
Grant Deed
related
$200,000
—
—
Jerry Boddum
—
Deed Of Trust
related
$400,000 · Hibernia Bank
—
—
2565 Telegraph LLC
—
Deed Of Trust
related
$2,650,000 · First Republic Bank
—
—
2565 Telegraph LLC
—
Deed Of Trust
related
$2,650,000 · First Republic 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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