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Property profile & analytics
OFF-MARKET
Estimated value
$6,860,000
Grocery and convenience stores
915 Colusa Ave Berkeley, CA 94707
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8669562
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1928
Construction
TILT-UP CONCRETE
Total area
19,297 SF
Lot
0.55 ac (23,781 SF)
APN
61-2611-28-1
UPID
US09-8669562
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
$6.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.86M
Owner & transaction history
First Republic Bank · 4 yrs held
First Republic Bank
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.3M
+48.0%
Restaurant
$9.7M
+39.3%
Office building
$9.3M
+33.5%
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%
$7,495,000
6.5%
$6,920,000
7%
$6,425,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,975,000
Current use
MEDICAL BUILDING
$10,325,000
Change: +48% · Conversion: Difficult
RESTAURANT
$9,715,000
Change: +39% · Conversion: Easy
OFFICE BUILDING
$9,315,000
Change: +34% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,700,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,200,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,215,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,170,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.86M
Range $6.17M – $7.55M · ±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
$355 / 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
$159,741
Tax year 2023
Assessed value
$10,091,880
Assessed 2024
Previous assessed
$9,894,000
+2.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,745,440
Assessed improvement
$6,346,440
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
19,297 SF
Lot
0.55 ac (23,781 SF)
APN
61-2611-28-1
UPID
US09-8669562
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
RETAIL STORES Current
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$10.3M
RESTAURANT
Est. value
$9.7M
OFFICE BUILDING
Est. value
$9.3M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
First Republic Bank
Entity
Free & Clear · 4 yrs held
Mailing address
150 POST ST STE #320, SAN FRANCISCO, CA 94108-4707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 27, 2022
—
First Republic Bank
Solano 1850 LLC
Assignment Of Lease (leasehold Sale)
—
Sep 2, 1994
—
Constance A Gliebe
Gilebe,ron
Grant Deed
$1,300,000 · Union Bank
—
—
Andronicos Markets INC
—
Deed Of Trust
related
$5,000,000 · Harris Trust & Savings Bank
—
—
Solano Avenue LLC
—
Deed Of Trust
related
$480,000 · Bank Of Marin
May 1, 1963
—
—
—
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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