Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Investment properties
2629 Ashby Ave Berkeley, CA 94705-2229
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-9360463
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1918
Construction
STEEL FRAME
Total area
13,650 SF
Lot
0.31 ac (13,650 SF)
APN
52-1568-12-1
UPID
US09-9360463
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
-
Labels Luxury Consignment Discount Store (Bike/Boat/Book/etc) Store
-
Casa de Chocolates Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$4.04M
Blend (final)
Blend
$3.48M
Owner & transaction history
Gordon Commercial Props LLC · 21 yrs held
Gordon Commercial Props LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.8M
+40.4%
Retail stores
$4.9M
+19.4%
Apartment house (5+ units)
$4.7M
+14.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,240,000
6.5%
$3,910,000
7%
$3,635,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,130,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,800,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$4,935,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,725,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±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
$255 / 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
$62,081
Tax year 2023
Assessed value
$3,031,184
Assessed 2024
Previous assessed
$2,971,755
+2.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$1,093,168
Assessed improvement
$1,938,016
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1918
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
2
Units
7
Bathrooms
4
Total area
13,650 SF
Lot
0.31 ac (13,650 SF)
APN
52-1568-12-1
UPID
US09-9360463
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
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
RETAIL STORES
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
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
1918
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
1
Units
7
Bathrooms
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Gordon Commercial Props LLC
Entity
Mailing address
2091 ROSE ST, BERKELEY, CA 94709-1963
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
—
Gordon Coml Prop LLC
—
Loan Modification
related
$9,250,000 · Wells Fargo Bk
Mar 1, 2005
$1,225,000
Gordon Commercial Props LLC
Ewc Ashby Avenue
Grant Deed
$918,750 · Ewc Ashby Avenue LP
Jun 17, 2003
—
Jay G Ellis
Ellis,kathleen E
Quit Claim Deed
related
—
Jan 29, 2001
—
Elllis Trust
Elllis Trust
Quit Claim Deed
related
—
May 29, 1996
—
Ellis Trust
Ellis,lowell B
Quit Claim Deed
related
—
—
—
Gordon Commercial Properties L
—
Deed Of Trust
related
$8,250,000 · Wells Fargo Bk
—
—
Gordon Commercial Props LLC
—
Deed Of Trust
related
$1,500,000 · California Commerce 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2629 Ashby Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
