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Property profile & analytics
FOR LEASE
Office buildings
2850 7Th St Berkeley, CA 94710
Entity Owned
29-yr Hold
Free & Clear
Property ID
US09-8307778
For Lease
1 / 2
$6,295,000
2850 7Th St, Berkeley, CA 94710
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
TILT-UP CONCRETE
Total area
201,215 SF
Lot
6.87 ac (299,316 SF)
APN
53-1655-9
UPID
US09-8307778
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
-
US Healthworks: Garner Jane L Employment Agency
-
Wagner Robert G MD Physician
-
Lin Alexander Physician
-
Oliveira Gina Physician
-
Dr. Tariq Mirza, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.30M
Owner & transaction history
Temescal LLC · 29 yrs held
Temescal LLC
since 1996
5 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%
$6,295,000
6.5%
$5,810,000
7%
$5,395,000
Blend value · Realmo final
$6.30M
Range $5.67M – $6.92M · ±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
$31 / 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
$417,164
Tax year 2023
Assessed value
$7,103,900
Assessed 2024
Previous assessed
$6,060,703
+17.2% YoY
Effective rate
5.87%
On assessed value
Assessed land
$1,666,280
Assessed improvement
$5,437,620
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
12
Stories
2
Units
1
Total area
201,215 SF
Lot
6.87 ac (299,316 SF)
APN
53-1655-9
UPID
US09-8307778
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
12
Units
1
Lot
6.87 ac
Current owner
From public records · entity-resolved
Temescal LLC
Entity
Free & Clear · 29 yrs held
Mailing address
1855 OLYMPIC BLVD STE #250, WALNUT CREEK, CA 94596-5057
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 1996
—
Temescal LLC
Ambp Ltd
Grant Deed
related
—
Oct 31, 1994
—
Ambp
—
Grant Deed
related
$2,250,000 · Owens Financial Group INC
Jun 28, 1994
$1,400,000
Ambp Ltd
Boc Group INC
Grant Deed
$5,000 · Seller
Jan 30, 1991
—
7th Street Prope
Air Reduction Co
Quit Claim Deed
related
—
—
—
Ambp Ltd
—
Deed Of Trust
related
$3,500,000 · Owens Financial Group INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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