Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Space in Palo Alto Title is generated by Realmo AI

    5 Palo Alto Sq, Palo Alto, CA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Furnished 7th-floor office with Silicon Valley views, available for rent.

    Type:OFFICE
    Property size:
    13,500 SF
    Lot size:
    2.51 Acres
    Added:
    Jan 20, 2025
    Days on Market:
    498
    Last Refresh:
    May 20 at 9:37 pm

    Property Features for 5 Palo Alto Sq

    General Information

    Standard status
    Active
    Size
    13,500 SF
    Lot size
    2.51 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5 Palo Alto Sq Contact us

    We can help!

    Listing Contact
    Bret Yerkovich
    Bret Yerkovich

    Listing agent Bret Yerkovich License #01414759

    Listing office JLL | Silicon Valley

    Listing date Jan 20, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of JLL | Silicon Valley

    HighLights

    • Entire 7th floor with ±13,618 RSF available.
    • Newly renovated and fully furnished professional services buildout.
    • Enjoy panoramic Silicon Valley views.
    • Prestigious “Palo Alto Square” address.
    • Onsite gym, conference center, and FedEx.
    • 10‑minute walk to Caltrain (California Ave Stop).

    Overview

    The entire 7th floor, encompassing approximately 13,618 rentable square feet, is available for lease. The lease expiration date is December 31, 2026. The space features a newly renovated professional services buildout and comes fully furnished. Occupants can enjoy panoramic views of Silicon Valley. Onsite amenities include a gym, conference center, and FedEx. The property is adjacent to retail amenities on California Avenue and an Equinox gym. It is located a 10-minute walk from the Caltrain station on California Avenue and offers convenient access to Highways 101 and 280 via Page Mill Road. The building is located at the prestigious Palo Alto Square.
    Location Intelligence

    Current Use by Public Records

    Founders Equity Partners Venture Capital Company PingAn Technology Corporate Office PRAECLARUS DESIGNS Marketing & Advertising Immersive Capital Corporate Office Rose Flavio Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -122.142
    Latitude
    37.4212

    Nearby Similar for Lease

    • $7,380/Mo
      1,200 SF

      Prime Midtown Palo Alto Retail

      Retail/service space in Palo Alto's Midtown neighborhood.
      706 Colorado Ave, Palo Alto, CA 94303
      View Details
    • $129-$14,316/Mo
      11-1,292 SF

      4 Palo Alto Square

      3000 El Camino Real, Unit 4, Palo Alto, CA 94306
      View Details
    • $129-$12,766/Mo
      11-1,292 SF

      Embarcadero Place

      2100 Geng Rd, Unit 210, Palo Alto, CA 94303
      View Details
    • $129-$21,036/Mo
      11-1,292 SF

      Hamilton Avenue

      228 Hamilton Ave, Unit 3RD, Palo Alto, CA 94301
      View Details
    • $2 SF/Yr
      14,318 SF

      Palo Alto Flex Space

      Versatile 14,318 SF space ideal for various businesses.
      3780 Fabian Way, Palo Alto, CA, 94303
      View Details
    • $87 SF/Yr
      7,400 SF

      Downtown Palo Alto Freestanding Office

      Freestanding office building in prime downtown location for sublease.
      411 High Street, Palo Alto, CA 94301
      View Details
    • $6 SF/Yr
      4,174 SF

      Palo Alto Office Sublease Available

      Sublease office space with workstations and parking near Caltrain.
      101 University Avenue, Palo Alto, CA, 94301
      View Details
    • Contact for pricing

      CA, Palo Alto - Page Mill Rd

      425 Page Mill Rd, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      2,780 SF

      Prime Retail Space on California Avenue

      High-visibility retail space in Palo Alto's coveted commercial district.
      490 California Avenue, Palo Alto, CA, 94306
      View Details
    • $6 SF/Yr
      2,100 SF

      Freestanding Office/Tech/Medical Space Available

      2,100 SF office/tech/medical space with parking near El Camino.
      450 Sheridan Ave, Palo Alto, CA 94306
      View Details
    • $3 SF/Yr
      2,960 SF

      Furnished Office Space Available

      Furnished office space featuring private offices, conference room, and breakroom.
      960 San Antonio Rd, Palo Alto, CA
      View Details
    • Contact for pricing
      5,332 SF

      Palo Alto Lab Space Available

      Turn-key lab/office suites with shared utilities for lease.
      3350 W Bayshore Rd, Palo Alto, CA 94303
      View Details

    FAQs

    What type of property is this?
    Office units - Furnished 7th-floor office with Silicon Valley views, available for rent.
    Where is this office units located?
    The property is located at 5 Palo Alto Sq Palo Alto, CA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: Entire 7th floor with ±13,618 RSF available.; Newly renovated and fully furnished professional services buildout.; **Enjoy panoramic Silicon Valley views.**
    (650) 480-2200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bret Yerkovich
    Bret Yerkovich
    Real Estate License ID: 01414759
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    5 Palo Alto Sq, Palo Alto, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!