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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Investment properties
2645 San Pablo Ave Berkeley, CA 94702-2248
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8424114
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1919
Construction
WOOD
Total area
2,428 SF
Lot
0.08 ac (3,463 SF)
APN
54-1786-13
UPID
US09-8424114
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
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Scott Thiessen · 7 yrs held
Scott Thiessen
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+40.4%
Auto repair, garage
$780,000
+6.4%
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%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$645,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$259 / 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
$12,379
Tax year 2023
Assessed value
$736,054
Assessed 2024
Previous assessed
$721,624
+2.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$466,400
Assessed improvement
$269,654
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
1919
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Rooms
6
Total area
2,428 SF
Lot
0.08 ac (3,463 SF)
APN
54-1786-13
UPID
US09-8424114
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
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$645,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1919
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Rooms
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
Scott Thiessen
Individual
Mailing address
2645 SAN PABLO AVE, BERKELEY, CA 94702-2248
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2019
$275,000
Scott Thiessen
Barrett,david C
Grant Deed
—
Dec 27, 2018
—
David C Barrett
—
Deed
related
$179,000 · First Republic Bank
Jul 9, 2003
$350,000
D Barrett
Salsman,tr
Grant Deed
$262,500 · California Savings Bank
Feb 14, 1997
$139,000
Salsman Trust
Caton Trust
Grant Deed
—
Oct 26, 1992
—
Walter&sally Caton Trust
Caton,walter&sal
Quit Claim Deed
related
—
Sep 3, 1992
—
Walter Caton
Caton,w.&s.
Quit Claim Deed
related
—
—
—
Caton Trust
—
Deed Of Trust
related
$75,000 · Fe Forbes Co
—
—
David Barrett
—
Deed Of Trust
related
$17,500 · Richard Williams
—
—
David C Barrett
—
Deed Of Trust
related
$255,000 · Pacific National 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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