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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Investment properties
893 Neilson St Berkeley, CA 94707-1849
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-7749319
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Construction
WOOD
Total area
5,600 SF
Lot
0.12 ac (5,323 SF)
APN
62-2870-20
UPID
US09-7749319
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
-
Berkeley Big Signs and Graphics (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.72M
Owner & transaction history
David D Kim · 1 yrs held
David D Kim
since 2025
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+66.3%
Office building
$2.7M
+59.5%
Industrial (general)
$2.5M
+49.0%
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
$1,770,000
ML approach
$1,790,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,695,000
Current use
RESTAURANT
$2,820,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$2,705,000
Change: +59% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,525,000
Change: +49% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,380,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,025,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,805,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.72M (May 5 2025)
Last sale anchor
$1.72M
May 5 2025
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
$307 / 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
$20,588
Tax year 2023
Assessed value
$2,120,000
Assessed 2024
Previous assessed
$896,522
+136.5% YoY
Effective rate
0.97%
On assessed value
Assessed land
$640,000
Assessed improvement
$1,480,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
7
Bathrooms
7
Total area
5,600 SF
Lot
0.12 ac (5,323 SF)
APN
62-2870-20
UPID
US09-7749319
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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1928
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
7
Bathrooms
7
Lot
0.12 ac
Current owner
From public records · entity-resolved
David D Kim
Individual
Free & Clear · 1 yrs held
Mailing address
1300 CLAY ST STE #600, OAKLAND, CA 94612-1427
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
David D Kim
—
Deed
related
$750,000 · Bank Of The Orient
May 5, 2025
$1,720,000
David D Kim
Brian D Young
Grant Deed
—
Sep 20, 2013
—
Susan J Jensen
Jensen,edgar L
Affidavit Of Death
related
—
Nov 20, 2003
—
Edgar L Jensen
Jensen,edgar L
Quit Claim Deed
related
—
Sep 12, 1972
—
Evelyn E Smith
—
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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