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Property profile & analytics
OFF-MARKET
Estimated value
$6,910,000
Medical Office Space
837 Addison St, Berkeley, CA 94710-2047
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8730604
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1927
Construction
WOOD
Total area
19,099 SF
Lot
0.61 ac (26,400 SF)
APN
56-1966-10-1
UPID
US09-8730604
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
-
LifeLong West Berkeley Health Center Medical Clinic
-
Zena Herman Physician
-
Caroline Cangelosi Foster Care Service Social Service Agency
-
Laila Tannura Physician
-
Ashli Butler Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.62M
Comparable Approach
Comparable
$6.91M
Blend (final)
Blend
$6.91M
Owner & transaction history
Lifelong Medical Care · 6 yrs held
Lifelong Medical Care
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$10.3M
+0.7%
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%
$5,005,000
6.5%
$4,620,000
7%
$4,290,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,220,000
Current use
INDUSTRIAL (GENERAL)
$10,290,000
Change: +1% · Conversion: Difficult
RESTAURANT
$9,615,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$9,220,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$6.91M
Range $6.22M – $7.60M · ±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
$362 / 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
$2,768
Tax year 2023
Assessed value
$11,588,791
Assessed 2024
Previous assessed
$11,343,580
+2.2% YoY
Effective rate
0.02%
On assessed value
Assessed land
$4,039,225
Assessed improvement
$7,549,566
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
Similar Nearby for Lease
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Total area
19,099 SF
Lot
0.61 ac (26,400 SF)
APN
56-1966-10-1
UPID
US09-8730604
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
MEDICAL BUILDING Current
Est. value
$10.2M
INDUSTRIAL (GENERAL)
Est. value
$10.3M
RESTAURANT
Est. value
$9.6M
OFFICE BUILDING
Est. value
$9.2M
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1927
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Lifelong Medical Care
Individual
Mailing address
2031 6TH ST, BERKELEY, CA 94710-2006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
—
Lifelong Medical Care
Lifelong Medical Care
Correction Deed
related
$7,342,758 · Us Bank NA
Jan 6, 2017
$750,000
Lifelong Medical Care
City Of Berkeley
Grant Deed
—
Mar 15, 2012
—
Lifelong Medical Care
—
Trustees Deed
related
$9,750,000 · Impact Vii Cde 3 LLC
Mar 21, 1969
—
Berkeley Unified School District
—
Grant Deed
related
—
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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