Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    445 Sherman Ave Palo Alto, CA 94306

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office suites available in Palo Alto near California Avenue.

    Property size:
    9,060 SF
    Lot size:
    9,060 SF

    Property Features for 445 Sherman Ave

    General Information

    Standard status
    Active
    Size
    9,060 SF

    We can help!

    Listing Contact
    Patrick Reilly
    Patrick Reilly
    Source: Cbre

    Listing Agent: Patrick Reilly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Palo Alto Office Space Available

    Office suites are available, including Suite 100 with 5,144 square feet, Suite 130 with 2,050 square feet, and Suite 150 with 1,866 square feet. Suites 130 and 150 can be combined to offer a contiguous space of 3,916 square feet. The building offers room for growth. The interiors feature an open plan with exposed ceilings. The exterior has been recently renovated and includes an open-air courtyard and outdoor seating. The property is located three blocks from Caltrain and provides immediate access to restaurants and amenities on California Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anna Tran NP Physician Xage Security, Inc. (Bike/Boat/Book/etc) Store Andrikopoulos Chiochios Accountants Accounting Firm Hawley Peterson & Snyder ... Architecture Firm Call9 Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.1438749
    Latitude
    37.4253027

    Nearby Similar for Lease

    • $2,450 /Mo

      Ventura Industrial Unit For Rent

      Versatile 1,444 SF industrial unit in Ventura's commercial corridor.
      2889 Bunsen Ave, Ventura, CA 93003
      View Details
    • $2,140 /Mo

      Ventura Retail Space on Thompson

      Prime retail space with excellent visibility in Midtown Ventura.
      1960 East Thompson Blvd, Ventura, CA 93001
      View Details
    • Contact for pricing

      Hamilton Avenue

      Flexible workspace in Hamilton Avenue
      228 Hamilton Ave, Palo Alto, CA 94301
      View Details
    • Contact for pricing

      4 Palo Alto Square

      Flexible workspace in Las Colinas MacArthur
      3000 El Camino Real, Palo Alto, CA 94306
      View Details
    • Sponsored
      Contact for pricing

      Embarcadero Place

      Workspaces, services and support to help you work better in Miami Downtown
      2100 Geng Rd, Palo Alto, CA 94303
      View Details
    • Contact for pricing

      CA, Palo Alto - Page Mill Rd

      Workspaces, services and support to help you work better in John Hancock Center
      425 Page Mill Rd, Palo Alto, CA 94306
      View Details
    • $1,750 /Mo

      Professional Office Space Available Now

      Office space for rent in high-traffic business district.
      4517 Market St, Ventura, CA 93003
      View Details
    • $450 /Mo

      Downtown Ventura Single Office Space

      Single office for rent in downtown Ventura, available now.
      1056 E Meta St, Ventura, CA 93001
      View Details
    • $6 SF/Yr

      Freestanding Office/Tech/Medical Space Available

      Freestanding office/tech/medical space available March 1, 2023.
      450 Sheridan Ave, Palo Alto, CA 94306
      View Details
    • $43,601
      6,014 SF

      Prime Palo Alto Commercial Space

      Downtown Palo Alto retail/office/restaurant space with high foot traffic.
      353 University Ave, Palo Alto, CA 94301
      View Details
    • $4,500 /Mo

      Ventura Warehouse Space Available

      Warehouse space for lease in Ventura, California.
      2215 Palma Dr, Ventura, CA 93003
      View Details
    • $3,680 /Mo

      Industrial Space with Mezzanine

      Industrial space for lease with mezzanine in Ventura, CA.
      1792 Callens Rd, Ventura, CA 93003
      View Details

    FAQs

    What type of property is this?
    Office units - Office suites available in Palo Alto near California Avenue.
    Where is this office units located?
    The property is located at 445 Sherman Ave Palo Alto, CA.
    What are key features of this property?
    This property features: - Immediate access to California Ave restaurants and amenities; - Just 3 blocks to Caltrain; - Recently renovated exterior with open air courtyard and outdoor seating
    (650) 577-2931
    Request Owner's contact information
    445 Sherman Ave Palo Alto, CA 94306
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    445 Sherman Ave
    Palo Alto, CA 94306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    445 Sherman Ave Palo Alto, CA 94306
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick Reilly
    Patrick Reilly
    Real Estate License ID: 01504114
    (650) 577-2931 (925) 324-1690
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!