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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Auto shops
960 University Ave, Berkeley, CA 94710-2046
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9302310
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Construction
TILT-UP CONCRETE
Total area
2,324 SF
Lot
0.13 ac (5,700 SF)
APN
56-1972-38
UPID
US09-9302310
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
-
Jiffy Lube Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.54M
Owner & transaction history
Mark Messersmith · 1 yrs held
Mark Messersmith
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+219.9%
Medical building
$1.2M
+66.2%
Office building
$1.1M
+49.9%
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
$1,540,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,395,000
Change: +220% · Conversion: Moderate
MEDICAL BUILDING
$1,245,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$1,120,000
Change: +50% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.54M (Aug 1 2024)
Last sale anchor
$1.54M
Aug 1 2024
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
$663 / 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
$24,148
Tax year 2023
Assessed value
$1,571,310
Assessed 2024
Previous assessed
$1,571,310
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$902,700
Assessed improvement
$668,610
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Bathrooms
1
Total area
2,324 SF
Lot
0.13 ac (5,700 SF)
APN
56-1972-38
UPID
US09-9302310
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)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mark Messersmith
Individual
Free & Clear · 1 yrs held
Mailing address
4265 MARINA CITY DR PH #9, MARINA DEL REY, CA 90292-5829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
—
Mark Messersmith
Mark H Messersmith
Intrafamily Transfer
related
—
Jan 6, 2023
$1,540,500
Mark H Messersmith
Tcg Mig Jl Propco LLC
Grant Deed
—
Jan 6, 2023
—
Mark H Messersmith
Sonianne Y Messersmith
Intrafamily Transfer
related
—
Dec 21, 2021
—
California Lubricants Real Estate L
Tcg Mig Jl Propco LLC
Lease
$14,950,000 · Inwood National Bank
Dec 21, 2021
$1,638,500
Tcg Mig Jl Propco LLC
California Lubricants Real Estae Ll
Grant Deed
—
Aug 7, 1996
—
California Lubricants Rs LLC
Calube Real Estate LP
Quit Claim Deed
related
—
—
—
Real Esta Calube
—
Deed Of Trust
related
$3,431,000 · Sanwa Bank California
—
—
Real Esta Calube
—
Deed Of Trust
related
$6,500,000 · Bank Of America
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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