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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Investment properties
2801 Telegraph Ave Berkeley, CA 94705-1118
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-8191660
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1914
Construction
WOOD
Total area
6,250 SF
Lot
0.13 ac (5,533 SF)
APN
53-1692-1
UPID
US09-8191660
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
-
Mudrakers Café Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.66M
Owner & transaction history
Cesario Godinez JR. · 19 yrs held
Cesario Godinez JR.
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+40.4%
Retail stores
$2.3M
+19.4%
Apartment house (5+ units)
$2.2M
+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%
$1,940,000
6.5%
$1,790,000
7%
$1,665,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,655,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,260,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,160,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$265 / 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
$29,824
Tax year 2023
Assessed value
$1,475,776
Assessed 2024
Previous assessed
$1,446,843
+2.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$478,261
Assessed improvement
$997,515
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
1914
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
4
Total area
6,250 SF
Lot
0.13 ac (5,533 SF)
APN
53-1692-1
UPID
US09-8191660
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
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
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
1914
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
Cesario Godinez JR.
Individual
Mailing address
2406 STUART ST, BERKELEY, CA 94705-1116
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
—
Cesario Godinez JR.
—
Deed
related
$1,800,000 · First Foundation Bank
Dec 22, 2006
—
Cesario Godinez JR.
Godinez,cesario JR
Quit Claim Deed
related
—
Jul 27, 2004
$1,080,000
Cesario Godinez
Zabel,tr
Grant Deed
$645,000 · United National Bank
Feb 28, 1996
—
Zabel Trust
Zabel Properties
Quit Claim Deed
related
—
Feb 16, 1996
$500,000
Zabel Properties
Edward Zabel Estate
Grant Deed
related
—
—
—
Zabel Trust
—
Deed Of Trust
related
$140,000 · Santa Rosa Mortgage & Inv Co
—
—
Zabel Trust
—
Deed Of Trust
related
$50,000 · Individual
—
—
Cesario Godinez JR
—
Deed Of Trust
related
$1,185,000 · Cherrywood Com'l Lndg
—
—
Samuel Honeo
—
Deed Of Trust
related
$200,000 · San Francisco Federal S & L
—
—
Zabel Trust
—
Deed Of Trust
related
$279,500 · American Savings 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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