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    117-119 University Ave Palo Alto, CA 94301

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    For Lease
    $3 SF/Yr ($1,254 /Mo)

    Newly remodeled office space with excellent natural light, prime location.

    Property size:
    4,300 SF
    Lot size:
    0.10 Acres

    Property Features for 117-119 University Ave

    General Information

    Size
    4,300 SF
    Lot size
    0.10 Acres

    Source: Premier Property Management Agent Brad Ehikian

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

    Overview

    Remodeled Office Space in Palo Alto

    This office space is located in downtown Palo Alto, offering a prime location with high visibility signage opportunities at the gateway to University Avenue. The space has been newly remodeled and never occupied. The layout is mostly open and includes three meeting rooms. Excellent natural light fills the space, complemented by new lighting throughout. The suite includes a kitchenette and restroom. A secured private entrance is located on University Avenue. The property is adjacent to the Caltrain station and within walking distance of downtown amenities. The space is available immediately and measures 4300 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    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
    -122.1638645
    Latitude
    37.443936

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    FAQs

    What type of property is this?
    Office space - Newly remodeled office space with excellent natural light, prime location.
    Where is this office space located?
    The property is located at 117-119 University Ave Palo Alto, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Palo Alto location adjacent to Caltrain station; - Newly remodeled and never occupied; - High visibility signage opportunities at the gateway to University Ave
    (650) 618-3000
    Request Owner's contact information
    117-119 University Ave Palo Alto, CA 94301
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    Palo Alto, CA 94301
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    Realmo Value Estimation

    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.

    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.

    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
    117-119 University Ave Palo Alto, CA 94301
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