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Property profile & analytics
OFF-MARKET
Turn key restaurants
3264 Adeline St Berkeley, CA 94703-2439
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8450484
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1921
Construction
TILT-UP CONCRETE
Total area
3,208 SF
Lot
0.1 ac (4,230 SF)
APN
52-1531-3
UPID
US09-8450484
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
-
Domino's Pizza Take-out & Catering
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
Ripsteen,ryan & Cherrill Trust · 10 yrs held
Ripsteen,ryan & Cherrill Trust
since 2016
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
$20,797
Tax year 2023
Assessed value
$1,206,185
Assessed 2024
Previous assessed
$1,182,541
+2.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$375,107
Assessed improvement
$831,078
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1921
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,208 SF
Lot
0.1 ac (4,230 SF)
APN
52-1531-3
UPID
US09-8450484
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
1921
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ripsteen,ryan & Cherrill Trust
Trust
Mailing address
1521 5TH ST, BERKELEY, CA 94710-1712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Ryan Ripsteen
—
Deed
related
$485,000 · California Bank Of Commerce
Jan 13, 2016
—
Ripsteen,ryan & Cherrill Trust
Ripsteen,ryan E
Quit Claim Deed
related
—
Dec 10, 2015
—
Ripsteen Trust
Ripsteen,jack R
Quit Claim Deed
related
—
Nov 26, 2014
—
Ripsteen,ryan E & Jack R
Ripsteen,cherrill A
Quit Claim Deed
related
$470,000 · California Bk/commerce
Jan 17, 2006
—
Jack R Ripsteen
Ripsteen,vanessa
Quit Claim Deed
—
Jun 15, 2000
$490,000
Appelgren,christopher
Anselmo,phillip
Trustees Deed
$245,000 · Wells Fargo Bank
Jun 15, 2000
—
Appelgren,christopher
Neuman,molly D
Trustees Deed
related
—
Oct 23, 1995
$220,000
Anselmo,phillip
Taye Trust
Trustees Deed
$150,000 · Heller First Capital
Oct 23, 1995
—
Anselmo,phillip
Sweet Adeline Partners
Trustees Deed
related
—
Mar 2, 1994
—
Adeline Partners Sweet
Taye,assefa
Grant Deed
related
—
Feb 2, 1989
$242,000
Assefa Taye
Transition Prope
Grant Deed
$152,000 · Transition Prope
—
—
Taye Assefa Tr
—
Deed Of Trust
related
$60,000 · Individual
—
—
Phillip Anselmo
—
Deed Of Trust
related
$25,192 · Individual
—
—
Christopher Appelgren
—
Deed Of Trust
related
$540,000 · Money Brokers INC
—
—
Assefa Taye
—
Deed Of Trust
related
$36,000 · Berkeley City (ca)
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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