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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Investment properties
2961 College Ave Berkeley, CA 94705-2215
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-7460173
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1926
Construction
WOOD
Total area
5,576 SF
Lot
0.13 ac (5,580 SF)
APN
52-1567-68
UPID
US09-7460173
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
-
Golden Gate Sotheby's International Realty Real Estate Agency
-
Real Estate Solutions with Sean Fruth Real Estate Agency
-
William T. Booker | Golden Gate Sotheby's International Realty Real Estate Agency
-
Scott Leverette, REALTOR | Sotheby's International Realty Real Estate Agency
-
Yun Tong Homes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.65M
Owner & transaction history
Jeremy M Kidson · 11 yrs held
Jeremy M Kidson
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+59.5%
Industrial (general)
$2.5M
+49.0%
Neighborhood: shopping center
$2.4M
+40.4%
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%
$1,730,000
6.5%
$1,600,000
7%
$1,485,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,690,000
Current use
OFFICE BUILDING
$2,690,000
Change: +59% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,515,000
Change: +49% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,370,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,015,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,930,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$1.65M
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
$296 / 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
$28,848
Tax year 2023
Assessed value
$1,558,743
Assessed 2024
Previous assessed
$1,528,184
+2.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$602,704
Assessed improvement
$956,039
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
1926
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
5
Total area
5,576 SF
Lot
0.13 ac (5,580 SF)
APN
52-1567-68
UPID
US09-7460173
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
$1.7M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1926
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jeremy M Kidson
Individual
Mailing address
2 PARK ST, SAN FRANCISCO, CA 94110-5834
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2014
—
Jeremy M Kidson
Kidson,jamie E
Quit Claim Deed
related
—
Feb 4, 2011
—
Jeremy M Kidson
Kidson,jamie
Quit Claim Deed
related
—
Apr 7, 2000
$1,035,000
Jeremy Kidson
Condeff,bernice A
Grant Deed
$926,081 · Condeff Trust
Oct 25, 1978
—
—
—
Grant 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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