Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    710 Channing Way Berkeley, CA 94710-2418

    • Office buildings
    • 2,924 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2021
    $1,705,000
    Value Estimations
    $1,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8626572
    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

    • Alderson Construction / Construction Company
    • Laborde Architecture / Architect
    • Dariyami Salon / Nail Salon
    • Beyond Efficiency / Construction Company
    • Ariel Gordon Jewelry / (Bike/Boat/Book/etc) Store

    Property Details for 710 Channing Way

    Year built
    1991
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    2,924 SF
    Property type
    Office buildings
    APN
    56-1947-2
    APU
    5619472

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,805,000
      ML approach
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,133,000
      Market price range: $605k - $2.21M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,410,000
      Current use
      MEDICAL BUILDING
      $1,565,000
      Change: +11% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,240,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.298
    Latitude
    37.861
    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
    $24,448
    $426,564
    $1,347,318
    $1,773,882
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,295,000
      201,215 SF

      2850 7th St

      OFFICE BUILDING • 201,215 SF
      2850 7th St, Berkeley, CA 94710-2703
      View Details
    • Value Estimation
      $3,325,000
      30,532 SF

      2600 10th St

      OFFICE BUILDING • 30,532 SF
      2600 10th St, Berkeley, CA 94710-2597
      View Details
    • Value Estimation
      $2,935,000
      11,080 SF

      1919 5th St

      OFFICE BUILDING • 11,080 SF
      1919 5th St, Berkeley, CA 94710-1916
      View Details
    • Value Estimation
      $4,370,000
      0.10 Acres

      3000 7th St

      OFFICE BUILDING • 0.10 Acres
      3000 7th St, Berkeley, CA 94710-2823
      View Details
    • Value Estimation
      $1,360,000
      34,637 SF

      999 Harrison St

      OFFICE BUILDING • 34,637 SF
      999 Harrison St, Berkeley, CA 94710-1455
      View Details
    • Value Estimation by Request
      0.08 Acres

      931 Pardee St

      OFFICE BUILDING • 0.08 Acres
      931 Pardee St, Berkeley, CA 94710-2623
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,563 SF

      Berkeley Retail/Office Building For Sale

      Two-story retail/office building in high-traffic West Berkeley location.
      1095 University Ave, Berkeley, CA 94710
      View Details
    • $2,500,000
      5,788 SF

      Freestanding Office Building For Sale

      Two-story office building with gated parking in Berkeley, CA.
      725 Folger Ave, Berkeley, CA 94710
      View Details
    • $499,000
      Pending

      Light-Filled Office Suite in Berkeley

      Prime location office space with private offices and parking.
      817 Delaware St, Berkeley, CA 94710
      View Details
    • $749,000
      Pending

      Berkeley Land with Approved Plans

      Land with approved plans for a 3-unit townhouse community.
      Camelia St, Berkeley, CA 94710
      View Details
    • $3,750,000
      0.25 Acres

      Berkeley Commercial Warehouse - Prime Location

      High-visibility warehouse, Bay Area access, included inventory.
      1805 Eastshore Hwy, Berkeley, CA 94710
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lab/R&D Space for Lease

      Lab/R&D space with convenient access to transportation and amenities.
      Berkeley, CA 94710
      View Details
    • Contact for pricing

      Office Space Near I-80 Freeway

      Office space with immediate I-80 access and walkable to shopping.
      2200 4Th St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      12,923 SF

      Berkeley Mixed-Use Retail/Office Building

      Mixed-use building in Berkeley's Fourth Street retail district.
      1700-1730 4Th St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      1,000 SF

      Flex Space with Lab Features

      Flex space featuring lab, warehouse, and office components.
      829 Heinz Ave, Berkeley, CA 94710
      View Details
    • Contact for pricing
      18,248 SF

      Berkeley Manufacturing Space for Lease

      Plug & play manufacturing space with office in central Berkeley.
      901 Gilman St, Berkeley, CA 94710
      View Details
    • Contact for pricing
      1,147 SF

      Berkeley Executive Office Suite

      Prime Berkeley location, 1,147 sq ft office.
      650 University Ave, Berkeley, CA 94710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    710 Channing Way
    Berkeley, CA 94710-2418
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!