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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Commercial land
2720 San Pablo Ave Berkeley, CA 94702-2202
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-9360782
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,150 SF
Lot
0.22 ac (9,620 SF)
APN
54-1744-7
UPID
US09-9360782
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
$375k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
2720 Spa LLC · 7 yrs held
2720 Spa LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$915,000
+40.4%
Auto repair, garage
$690,000
+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
$375,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$575,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$284 / 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
$20,708
Tax year 2023
Assessed value
$1,624,783
Assessed 2024
Previous assessed
$1,592,933
+2.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$16,247
Assessed improvement
$1,608,536
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
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
2,150 SF
Lot
0.22 ac (9,620 SF)
APN
54-1744-7
UPID
US09-9360782
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
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$690,000
RETAIL STORES
Est. value
$575,000
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
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
2720 Spa LLC
Entity
Mailing address
9101 BURNING TREE RD, BETHESDA, MD 20817-3065
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2020
—
2720 Spa LLC
—
Deed
related
$2,500,000 · First Republic Bank
Jul 10, 2020
—
2720 Spa LLC
—
Deed
related
$1,500,000 · First Republic Bank
Sep 11, 2018
—
2720 Spa LLC
Ndg LLC
Quit Claim Deed
$1,000,000 · Security Fin Company-market
Mar 1, 2016
$1,400,000
Ndg LLC
Charlie Group LLC
Grant Deed
$923,000 · Scott Valley Bank
Mar 1, 2016
—
Xin Jin
Jin,michele
Quit Claim Deed
related
—
Apr 11, 2006
$705,500
Charlie Group LLC
Sakura Properties LLC
Grant Deed
—
Apr 18, 2005
—
Sakura Properties LLC
Nomura,george
Quit Claim Deed
related
—
Dec 15, 2003
—
Paul I Nomura
Nomura,paul
Quit Claim Deed
related
—
May 18, 1999
—
Nomura Trust
Nomura,shigeo
Quit Claim Deed
related
—
Apr 22, 1994
—
Nomura Trust
Nomura,george
Quit Claim Deed
related
—
May 4, 1993
—
Nomura,trust
Nomura,shigeo&pa
Quit Claim Deed
related
—
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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