Technical
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Property profile

650 University Ave Berkeley, CA 94710

OFF-MARKET
Life science properties
Property ID
US09-8404329
25,300 SF 0.4 ac lot Built 1964
Individually Owned 14-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,147-square-foot executive office suite is ideally situated at 650 University Avenue in Berkeley, California, within Alameda County (zip code 94710). The space is located on the second floor, in Unit 4, and offers convenient access, just off the freeway's 2nd Street exit, making commutes effortless. The single-tenant occupancy provides privacy and control. The building's location is a significant advantage, being only two blocks from the vibrant 4th Street district, known for its diverse restaurants, coffee shops, and retail establishments, including the Apple Store. This area is classified as a mixed-use light industrial district, offering a dynamic and convenient environment. The space is versatile and suitable for a variety of professional uses, including but not limited to office space, gym, dojo, arts and crafts studio, shop, or a conscious workspace. Natural light floods the space through skylights. The building maintains a high standard of cleanliness, with professional staff responsible for maintaining all common areas. Flexible lease terms are available, offering both month-to-month and yearly lease options to suit individual needs. This property presents a unique opportunity to establish a thriving business in a highly desirable Berkeley location.

Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1964
Construction TILT-UP CONCRETE
Total area 25,300 SF
Lot 0.4 ac (17,450 SF)
APN 56-1954-3-1
UPID US09-8404329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Artist
  • Metal Fabrication Plant Factory
  • Production Facility Factory
  • Architect Custom Home Builder

Location

650 University Ave Berkeley, CA 94710-1931
Berkeley metro Census 422000 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k

Owner & transaction history

since 2012
4 recorded transactions
2012
Price N/A
2010
Price N/A
2004
Price N/A
1975
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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