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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Medical Office Space
2636 Telegraph Ave Berkeley, CA 94704-3373
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-8188690
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1952
Construction
TILT-UP CONCRETE
Total area
5,545 SF
Lot
0.13 ac (5,445 SF)
APN
55-1835-4-2
UPID
US09-8188690
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. Timothy A. Fitzer, MD Pediatrician Physician
-
Dr. Anup Desai, MD Pediatrician Physician
-
Megan Willdorf, LAC Medical Clinic Alternative Medicine Practice
-
Laimayum Monica Medical Clinic Alternative Medicine Practice
-
Dr. Mukulika Mehta Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$2.25M
Owner & transaction history
Timothy A Fitzer · 19 yrs held
Timothy A Fitzer
since 2007
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,965,000
Current use
RESTAURANT
$2,790,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$2,675,000
Change: -10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,500,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±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
$406 / 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
$42,922
Tax year 2023
Assessed value
$2,626,840
Assessed 2024
Previous assessed
$2,575,339
+2.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$853,723
Assessed improvement
$1,773,117
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
5,545 SF
Lot
0.13 ac (5,445 SF)
APN
55-1835-4-2
UPID
US09-8188690
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 Current
Est. value
$3.0M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
Timothy A Fitzer
Individual
Mailing address
1025 CHESTNUT ST, OAKLAND, CA 94607-2715
Ownership since
2007
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
Feb 1, 2007
$2,000,000
Timothy A Fitzer
Stern,thomas K
Grant Deed
$1,221,000 · Greater Bay Bank
May 12, 1995
$425,000
Stern,thomas K Yolanda O
Goloff,michael H
Trustees Deed
$450,000 · Wells Fargo Bank
May 12, 1995
—
Michael H Goloff
Michael H Goloff Trustee
Quit Claim Deed
related
—
Jul 28, 1982
$450,000
—
—
Grant Deed
related
—
—
—
Thomas K Stern
—
Deed Of Trust
related
—
—
—
Timothy A Fitzer
—
Deed Of Trust
related
$560,000 · Edf Resource Capital INC
—
—
Thomas K Stern
—
Deed Of Trust
related
$625,000 · Bank Of America
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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