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Property profile & analytics
OFF-MARKET
Commercial land
2601 San Pablo Ave 2615 Berkeley, CA 94702-2227
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8152353
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.08 ac (3,447 SF)
APN
54-1785-14
UPID
US09-8152353
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
2601 Spa LLC · 7 yrs held
2601 Spa 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
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
$2,850
Tax year 2023
Assessed value
$228,677
Assessed 2024
Previous assessed
$224,194
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$228,677
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
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.08 ac (3,447 SF)
APN
54-1785-14
UPID
US09-8152353
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
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
2601 Spa LLC
Entity
Mailing address
2343 STUART ST, BERKELEY, CA 94705-1108
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2019
—
2601 Spa LLC
Ndg LLC
Grant Deed
$1,600,000 · Citizens Business Bank
Nov 22, 2017
—
Xin Jin
Jin,michelle
Quit Claim Deed
related
—
Nov 22, 2017
$1,700,000
Ndg LLC
2601 San Pablo Avenue LLC
Grant Deed
$1,100,000 · The Socotra Fund LLC The Socotra Fund LLC
Jul 17, 2012
$523,000
2601 San Pablo Avenue LLC
Plm Lender Services INC
Trustees Deed
related
—
Apr 23, 1999
—
Ezel Swarn
Swarn,robin M
Quit Claim Deed
related
—
Apr 23, 1999
$147,500
Swarn,claudia R
Swarn,claudia R
Trustees Deed
related
$295,000 · M D C Realty Service INC
Sep 27, 1972
—
—
—
Grant Deed
related
—
—
—
Spa LLC
—
Deed Of Trust
related
$1,600,000 · Citizens Busn Bk
—
—
Claudia R Swarn
—
Deed Of Trust
related
$490,000 · Alan Lunemann
—
—
Claudia R Swarn
—
Deed Of Trust
related
$675,000 · David & & Mary L Cole
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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