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    Property profile & analytics

    3243 Sacramento St Berkeley, CA 94702-2738

    • Retail space
    • 3,942 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Last Sale
    May 25, 2022
    $450,000
    Location Intelligence
    Property ID
    US09-8665970
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Farmacy Berkeley / Cannabis Store

    Property Details for 3243 Sacramento St

    Year built
    1928
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    3,942 SF
    Property type
    Retail space
    APN
    52-1520-12
    APU
    52152012

    Description

    This exceptional retail investment opportunity presents a 3,942 square foot property located at 3243 Sacramento St, Berkeley, CA 94702, in Alameda County. The property, built in 1954 and extensively renovated in 2019 (approximately $2.1 million in renovations), boasts a strong 9.75% cap rate and a substantial net operating income (NOI) of $350,957. Currently occupied by Farmacy under a long-term, net-net-plus (NN+) lease with over six years remaining on the base term, the lease includes attractive annual rent increases of 4.00%, providing a hedge against inflation and increasing overall investment yield. The property benefits from its location in a limited-license market in Berkeley, offering long-term stability and reduced risk of market saturation. Its prime corner location at Sacramento Street & Alcatraz Avenue ensures high visibility and traffic, further enhanced by its close proximity to the University of California, Berkeley. The existing license allows for both retail storefront operations and delivery services. The asking price for this exceptional investment is $3,600,000. This is a rare opportunity to acquire a high-performing retail property in a desirable and stable market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $445,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $470,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $415,000
      Mixed-Use
      $420,000
      Hospitality
      $400,000
      Educational
      $465,000
      Residential Income
      $455,000
      Energy
      $385,000
      Income-Based Land
      $455,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.278
    Latitude
    37.8482
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,594
    $871,205
    $600,630
    $1,471,835
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,557 SF

      2510 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,557 SF
      2510 San Pablo Ave, Berkeley, CA 94702-2013
      View Details
    • Value Estimation
      $1,150,000
      4,150 SF

      2495 Sacramento St

      RETAIL STORES (PERSONAL SERVICES) • 4,150 SF
      2495 Sacramento St, Berkeley, CA 94702-2129
      View Details
    • Value Estimation by Request
      6,630 SF

      2238 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,630 SF
      2238 San Pablo Ave, Berkeley, CA 94702-1830
      View Details
    • Value Estimation by Request
      3,974 SF

      1111 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,974 SF
      1111 University Ave, Berkeley, CA 94702-1605
      View Details
    • Value Estimation
      $530,000
      6,372 SF

      1507 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,372 SF
      1507 San Pablo Ave, Berkeley, CA 94702-1315
      View Details
    • Value Estimation
      $260,000
      0.06 Acres

      1333 San Pablo Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      1333 San Pablo Ave, Berkeley, CA 94702-1021
      View Details

    Similar Nearby for Sale

    • $1,000,000
      5,828 SF

      Historic Mixed-Use Property For Sale

      Five-unit mixed-use property in South Berkeley, home to Reid’s Records.
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      West Berkeley Mixed-Use Redevelopment

      Prime Berkeley location, redevelopment opportunity.
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    • $4,390,000
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      Shovel-ready, 30-unit mixed-use project
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    • $1,060,000

      Berkeley Quadruplex Near San Pablo Park

      Quadruplex near park, cultural scene, and UC Berkeley.
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    • $2,000,000
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    Similar Nearby for Lease

    • Contact for pricing
      1,716 SF

      Berkeley Retail Space For Rent

      Retail space in Berkeley's busy international food district.
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    • $2 SF/Yr
      4,700 SF

      Retail Space in Berkeley

      Retail space available in high-traffic Berkeley location.
      2000-2006 San Pablo Ave, Berkeley, CA 94702
      View Details
    • $6,750 /Mo
      2,425 SF

      Retail Space on San Pablo Avenue

      2,425 SF retail space with showroom and ample parking.
      1619 San Pablo Ave, Berkeley, CA 94702
      View Details
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    3243 Sacramento St
    Berkeley, CA 94702-2738
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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