Listing Agency: Newmark | Palo Alto e***@nmrk.com Show Phone

Listed By: Eric Bluestein · License #CA RE Lic. #01720416

Source: Nmrk

Added: Apr 8 Changed: Jul 10 Last Checked: Aug 6 at 4:36AM

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Investment Insights

Based on property information with market context.

This is an office space available for sublease. The property is located within a short walk to Cal Ave Caltrain and offers dedicated parking. The property has a size of 11000 square feet.

Key Highlights

• Short walk to Cal Ave.
• Caltrain access
• Dedicated parking included

Property Analytics

Property Profile

Current Use

OneD Battery Sciences Chemical Engineering Service

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Storage Facility Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,690

Businesses Nearby

Explore this area Business Placement

Demographics for 94304, CA

4,569

Population

2,490

Households

1.8

Avg Household Size

37

Median Age

82%

College-Educated

99%

High-School Grad

4.8 sq mi

ZIP Area

952

Density / Sq Mi

$162,569

Median Household Income

$84,929

Median Earnings

$3,496

Median Rent

$2,000,001

Median Home Value

Market

Lease Benchmarks for Palo Alto, CA

$9.11 /SF/Yr

Avg Asking Price

$5.95–$22.02 /SF/Yr

Price Range

9,176 SF

Avg Space Size

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Office space for sublease, short walk to Caltrain.

Where is this office units located?

The property is located at 2631 Hanover Street Palo Palo Alto, CA.

What are key features of this property?

This property features: Short walk to Cal Ave.; Caltrain access; Dedicated parking included