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Property profile & analytics
OFF-MARKET
Theaters & concert halls
2640 College Ave Berkeley, CA 94704-3416
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7358143
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1907
Construction
WOOD
Total area
14,118 SF
Lot
0.57 ac (24,961 SF)
APN
55-1845-15-2
UPID
US09-7358143
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
-
Berkeley Playhouse Theater & Performing Art Venue
-
Julia Morgan Theater Theater & Performing Art Venue
-
Hearts Leap Beginnings High School
-
Eastbay Music Together Vocational School Training Center
-
Hearts Leap Preschool High School Daycare Center
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
Berkeley Playhouse INC · 4 yrs held
Berkeley Playhouse INC
since 2021
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
$2,400
Tax year 2023
Assessed value
$3,890,742
Assessed 2024
Previous assessed
$3,800,785
+2.4% YoY
Effective rate
0.06%
On assessed value
Assessed land
$1,564,346
Assessed improvement
$2,326,396
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1907
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Total area
14,118 SF
Lot
0.57 ac (24,961 SF)
APN
55-1845-15-2
UPID
US09-7358143
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
Year built
1907
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Berkeley Playhouse INC
Entity
Mailing address
2640 COLLEGE AVE, BERKELEY, CA 94704-3416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
Berkeley Playhouse INC
The Julia Morgan Center For The Art
Grant Deed
—
Jul 20, 2020
—
Berkeley Playhouse INC
—
Deed
related
—
Mar 17, 1995
$2,100,000
Julia Morgan Center Arts INC
Jong,bendrew G & Loraine E
Grant Deed
related
—
Nov 1, 1989
$1,565,000
Jong Bendrew
Lawyers Asset Ma
Grant Deed
$1,000,000 · Sumitomo Bank
—
—
Julia Morgan Ctr For The Arts
—
Deed Of Trust
related
—
—
—
Julia Morgan Ctr For The Arts
—
Deed Of Trust
related
$150,000 · One Pacificcoast Bank
—
—
Julia Morgan
—
Deed Of Trust
related
$580,335 · Old St Johns Ltd
—
—
Julia Morgan Center Of Arts
—
Deed Of Trust
related
$152,000 · Northern Ca Community Loan
—
—
Julia Morgan Ctr For Arts INC
—
Deed Of Trust
related
$1,300,000 · Trans Pacific Bank
—
—
Jong Bendrew
—
Deed Of Trust
related
$300,000 · Individual
—
—
Julia Morgan Center For The Ar
—
Deed Of Trust
related
$100,000 · East West Bank
—
—
Julia Morgan Center For The Ar
—
Deed Of Trust
related
$1,300,000 · East West Bank
—
—
Berkeley Playhouse INC
—
Loan Modification
related
—
—
—
George Soehngen
—
Deed Of Trust
related
$15,000 · California Sunwo
—
—
George Soehngen
—
Deed Of Trust
related
$72,000 · Individual
—
—
Julia Morgan Center Of Arts INC
—
Deed Of Trust
related
$200,000 · East West Bank
—
—
Julia Morgan Center Arts INC
—
Deed Of Trust
related
$284,279 · Greve Trust
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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