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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Investment properties
2999 Shattuck Ave Berkeley, CA 94705-1808
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-9345636
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1916
Construction
WOOD
Total area
11,077 SF
Lot
0.09 ac (3,840 SF)
APN
53-1589-15
UPID
US09-9345636
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
-
Cafe Buenos Aires Berkeley Restaurant
-
ATM Atm
-
Sweet Moment Nail and Pedi Spa Nail Salon
-
NOAH Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$2.77M
Owner & transaction history
Shattuck Strategic LLC · 10 yrs held
Shattuck Strategic LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+19.4%
Apartment house (5+ units)
$3.8M
+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%
$3,440,000
6.5%
$3,175,000
7%
$2,950,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,355,000
Current use
RETAIL STORES
$4,005,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,830,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±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
$250 / 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
$45,549
Tax year 2023
Assessed value
$2,379,148
Assessed 2024
Previous assessed
$2,332,509
+2.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$667,322
Assessed improvement
$1,711,826
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
1916
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
5
Total area
11,077 SF
Lot
0.09 ac (3,840 SF)
APN
53-1589-15
UPID
US09-9345636
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
$3.4M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
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
1916
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Shattuck Strategic LLC
Entity
Mailing address
6001 SHELLMOUND ST STE #825, EMERYVILLE, CA 94608-1962
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2019
—
Shattuck Strategic LLC
—
Deed
related
$5,000,000 · Hubbell 2007 Family Tru (pt)
Sep 6, 2019
—
Shattuck Strategic LLC
—
Deed
related
$2,200,000 · Avidbank
Jul 11, 2016
—
Shattuck Strategic LLC
—
Deed
related
$782,000 · Bay Area Employment Dev
Dec 23, 2015
$2,050,000
Shattuck Strategic LLC
Martin 1991 Trust
Grant Deed
$1,055,000 · Bank Of The West
Dec 27, 2013
—
Martin Family 1991 Trust
Martin Group LLC
Quit Claim Deed
—
Aug 4, 2011
—
Martin Group LLC
Martin Family 1991 Trust
Quit Claim Deed
—
Feb 19, 1999
$950,000
Martin Trust
Wezelman,richard L & Florie
Grant Deed
$624,000 · Mechanics National Bank
Jan 24, 1995
—
O Hay Trust
Philip O Hay Trustee
Quit Claim Deed
related
—
Aug 18, 1994
—
Philip L O Hay Trustee
O Hay,philip L &
Quit Claim Deed
related
—
—
—
Martin Family 1991 Trust
—
Deed Of Trust
related
$860,000 · Luther Burbank Savings & Loan
—
—
Shattuck Strategic LLC
—
Deed Of Trust
related
$2,200,000 · Avidbank
—
—
Shattuck Strategic LLC
—
Deed Of Trust
related
$5,000,000 · Hubbell 2007 Family Tru (pt)
—
—
Martin Group LLC
—
Deed Of Trust
related
$960,000 · Fremont Bank
—
—
Shattuck Strategic LLC
—
Deed Of Trust
related
$782,000 · Bay Area Employment Dev
—
—
Martin Trust
—
Deed Of Trust
related
$900,000 · Mechanics Bank
—
—
Richard L Wezelman
—
Deed Of Trust
related
$460,000 · First Republic Thrift & Loan
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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