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Property profile & analytics
OFF-MARKET
Estimated value
$21,220,000
Office buildings
910 Parker St Berkeley, CA 94710
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8340665
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Construction
WOOD
Total area
36,880 SF
Lot
1.27 ac (55,147 SF)
APN
54-1766-1
UPID
US09-8340665
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.49M
Blend (final)
Blend
$21.22M
Owner & transaction history
Parker Innovation Owner LLC · 4 yrs held
Parker Innovation Owner LLC
since 2021
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$19.9M
+11.6%
Medical building
$19.7M
+10.9%
Restaurant
$18.6M
+4.3%
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
$23,285,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,800,000
Current use
INDUSTRIAL (GENERAL)
$19,870,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$19,730,000
Change: +11% · Conversion: Easy
RESTAURANT
$18,565,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,670,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$21.22M
Range $19.10M – $23.34M · ±10% · vs last sale $21.98M (Dec 8 2021)
Last sale anchor
$21.98M
Dec 8 2021
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
$575 / 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
$329,669
Tax year 2023
Assessed value
$22,862,790
Assessed 2024
Previous assessed
$22,414,500
+2.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$9,155,520
Assessed improvement
$13,707,270
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1912
Construction
WOOD
Heating
NONE
Buildings
3
Stories
3
Units
2
Total area
36,880 SF
Lot
1.27 ac (55,147 SF)
APN
54-1766-1
UPID
US09-8340665
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
OFFICE BUILDING Current
Est. value
$17.8M
INDUSTRIAL (GENERAL)
Est. value
$19.9M
MEDICAL BUILDING
Est. value
$19.7M
RESTAURANT
Est. value
$18.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.7M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1912
Construction
WOOD
Heating
NONE
Stories
3
Buildings
3
Units
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Parker Innovation Owner LLC
Entity
Mailing address
251 POST ST STE #520, SAN FRANCISCO, CA 94108-5029
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
Parker Innovation Owner LLC
—
Deed
related
—
Dec 8, 2021
$21,975,000
Parker Innovation Owner LLC
Eatwork Owner LLC
Grant Deed
—
Dec 8, 2017
$13,950,000
Eatwork Owner LLC
Eat/work Development LP
Grant Deed
—
Sep 29, 2016
—
Eat Of Work Dev LP
—
Deed
related
$5,100,000 · Jp Morgan Chase Bk
Feb 23, 1996
$1,100,000
Eat/work Development LP
Goldin,aaron A
Grant Deed
$1,900,000 · Mechanics Bank Of Richmond
Dec 30, 1994
—
Michael A Goldin
Oropallo,deborah
Quit Claim Deed
related
—
—
—
Eat Of Work Dev
—
Deed Of Trust
related
$4,500,000 · Lasalle National Bank
—
—
Eat Of Work Dev LP
—
Deed Of Trust
related
$5,100,000 · Jp Morgan Chase Bk
—
—
Eat/wolf Development LP
—
Deed Of Trust
related
$600,000 · Mecnanics Bank
—
—
Eat/work Development LP
—
Deed Of Trust
related
$3,900,000 · Lehman Capital Corp
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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