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Property profile & analytics
OFF-MARKET
Office buildings
2980 College Ave 9 Berkeley, CA 94705-2237
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8686408
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
331 SF
Lot
0.16 ac (7,184 SF)
APN
52-1573-101
UPID
US09-8686408
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
-
Steve Bauer - State Farm Insurance Agent Insurance Agency
-
Greg R. Glass, CH, CAS, CN, CMP Auto Repair Shop Vehicle Inspection Center
-
Elmwood copy and printing (Bike/Boat/Book/etc) Store Printing Service
-
ERI Property Management Property Management Company Real Estate
-
Montclair Optical Berkeley - The Cutting Edge Optical Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Homayoon Kazerooni · 1 yrs held
Homayoon Kazerooni
since 2025
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,847
Tax year 2023
Assessed value
$210,434
Assessed 2024
Previous assessed
$206,309
+2.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$73,788
Assessed improvement
$136,646
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
10
Bathrooms
1
Total area
331 SF
Lot
0.16 ac (7,184 SF)
APN
52-1573-101
UPID
US09-8686408
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
1983
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
10
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Homayoon Kazerooni
Individual
Mailing address
2941 KING ST APT #9, BERKELEY, CA 94703-2129
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jun 18, 2025
$343,000
Homayoon Kazerooni
Van Colin Morgan
Grant Deed
—
Jun 18, 2025
—
Van Colin Morgan
John Lawrence Malaquais
Grant Deed
—
Jun 3, 2025
—
Van Colin Morgan
John Lawrence Malaquais
Grant Deed
—
Oct 12, 2017
—
Flexer,anne G Trust
Flexer,anne G
Quit Claim Deed
related
—
Dec 9, 2004
$154,000
Anne G Flexer
Kanemoto,ames J
Grant Deed
—
Nov 16, 1984
—
—
—
Grant Deed
related
—
—
—
Realty I Elmwood
—
Deed Of Trust
related
$77,000 · Continental Savings Of America
—
—
Anne G Flexer
—
Deed Of Trust
related
$70,488 · Barbara Schick
—
—
Anne Flexer
—
Deed Of Trust
related
$20,000 · Delcurto Anny Trust
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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