Individually Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
TILT-UP CONCRETE
Total area
35,950 SF
Lot
0.34 ac (15,001 SF)
Zoning code
CC2R
APN
124-28-050
UPID
US09-2963638
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Physician
-
Corporate Office
-
Freight Service Logistics Company
-
Engineer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.53M
Owner & transaction history
since 2022
Last sale
$39.3M
7 recorded transactions
Zoning & alternative use
CC2R · Palo Alto, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$32.53M
Value range
$29.28M – $35.78M
±10% around blend
Estimated value / SF
$905 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$29.28M
blend $32.53M
$35.78M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,950 SF
Lot area
0.34 ac
Year built
1986
Stories
3
APN
124-28-050
Zoning
CC2R
Assessed value
$40,098,240
3
Income approach: direct capitalization
Partial preview
Income approach indication
$20.76M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$22.49M
@ 6.5% CAP return
$20.76M
@ 7% CAP return
$19.27M
4
Sales comparison
Partial preview
Sales approach indication
$8.00M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.1 mi away · 37,180 SF
12.3 mi away · 42,816 SF
15.4 mi away · 41,600 SF
22.4 mi away · 41,290 SF
22.7 mi away · 41,769 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$32.53M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$1,216
-26%
Submarket 78 sales
$1,087
-17%
County 804 sales
$594
+52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $905/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
3.10%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.10%
9.0%
NOI (est.)
$2.75M *
Last sale · Jul 2022
$39.31M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$88.77M
Move the market yield to see immediate price impact.
Value / SF
$2,469
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.60%3.10%3.60%
$2.48M
$95.26M
$79.89M
$68.80M
$2.75M
$105.84M
$88.77M
$76.44M
$3.03M
$116.42M
$97.65M
$84.08M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$7.79M
8.8 mi · Oct 2025 · $301/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$40,098,240
Assessed 2023
Previous assessed
$8,530,210
+370.1% YoY
Assessed land
$21,083,400
Assessed improvement
$19,014,840
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
3
Units
8
Total area
35,950 SF
Lot
0.34 ac (15,001 SF)
Zoning code
CC2R
APN
124-28-050
UPID
US09-2963638
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC2R · Palo Alto, CAZoning CC2R · permitted uses
CC2R · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Units
8
Lot
0.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC2R
Jurisdiction
Palo Alto, CA
Recorded code
CC2R
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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