Add Listing
    For Sale
    • 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

    4115 El Camino Real Palo Alto, CA 94306

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,357,540

    New construction retail and office condos in Palo Alto.

    Property size:
    2,433 SF

    Property Features for 4115 El Camino Real

    General Information

    Standard status
    Active
    Size
    2,433 SF

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Matthew Thomson
    Source: Corcoran

    Listing Agency: COMPASS Listing Agent: Matthew Thomson

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

    Learn more

    Overview

    New Palo Alto Mixed-Use Condos

    These are brand new construction mixed-use condos in Palo Alto, featuring both retail and office spaces. There are two retail and two office condos available, which can be purchased together or individually. The ground floor retail spaces measure 2433 square feet and 1824 square feet, or can be combined to create a 4257 square foot space. The second-floor office spaces are 1174 square feet and 1019 square feet, or can be combined for a total of 2193 square feet. The units are empty shells, ready for tenant improvements. A total of 13 assigned parking spaces are included, featuring a car stack in the underground parking garage with direct elevator access. All units are priced at $1,380 per square foot. The location is roughly 1 mile from Page Mill Road and approximately 2.8 miles from downtown Palo Alto. The surrounding area has a "Very Walkable" score of 83 and is considered a "Biker's Paradise" with a score of 99.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store 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
    -122.1259727
    Latitude
    37.4143579

    Nearby Similar for Sale

    • $360,000

      Ventura Flex Space For Sale

      Versatile commercial space with office and workspace in Ventura.
      2261 Palma Dr, Ventura, CA 93003
      View Details
    • $1,500,000
      4,496 SF

      Ventura Mixed-Use Property For Sale

      Mixed-use property in Ventura, CA, near the beach.
      954 E Thompson Blvd, Ventura, CA 93001
      View Details
    • New
      $3,200,000
      1,458 SF

      Palo Alto Duplex Opportunity

      Duplex near downtown Palo Alto, Stanford, and Children's Hospital.
      653 Melville Ave, Palo Alto, CA 94301
      View Details
    • New
      $3,200,000
      3,822 SF

      Palo Alto Fourplex Opportunity

      Four 2-bedroom units in Midtown Palo Alto. Great investment.
      628 Colorado Ave, Palo Alto, CA 94306
      View Details
    • $1,895,000
      3,723 SF

      Ventura Live/Work Art Compound

      Unique dual-zoned live/work property near downtown Ventura and the beach.
      161 N Garden St, Ventura, CA 93001
      View Details
    • $2,500,000
      3,004 SF

      Updated Quadruplex Near Beach

      Midtown Ventura quadruplex with updated units and strong rental income.
      65 71, Ventura, CA 93003
      View Details
    • $1,189,000
      1,884 SF

      Unique La Conchita Property with Views

      Two homes merged into one with ocean views.
      6779 Ojai Ave, Ventura, CA 93001
      View Details
    • $1,195,000
      3,656 SF

      Ventura Office Condominium For Sale

      Office condominium available for purchase in Ventura, California.
      1893 Knoll Dr, Ventura, CA 93003
      View Details
    • $970,000

      Ventura Commercial Property Opportunity

      Free-standing building suitable for retail, restaurant, or studio.
      2842 N Ventura Ave, Ventura, CA 93001
      View Details
    • $475,000

      Remodeled Two-Level Professional Office

      Remodeled office space with modern feel, suitable for owner-user.
      4125 Market St, Ventura, CA 93003
      View Details
    • $369,000

      Versatile Commercial Space in Ventura

      Office and workspace with roll-up door in central Ventura.
      2261 Palma Dr, Ventura, CA 93003
      View Details
    • $800,000

      Downtown Ventura Fast Food Location

      High-traffic, income-generating fast food property near Ventura beach.
      410 E Thompson Blvd, Ventura, CA 93001
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - New construction retail and office condos in Palo Alto.
    Where is this mixed-use property located?
    The property is located at 4115 El Camino Real Palo Alto, CA.
    What is the asking price?
    The asking price for this property is $3,357,540.
    What are key features of this property?
    This property features: - Brand new construction mixed-use condos (retail/office) in Palo Alto.; - Flexible space options: Retail (2433/1824/4257 SF) and Office (1174/1019/2193 SF).; - Shell condition allows for custom tenant improvements.
    (650) 515-6555
    Request Owner's contact information
    4115 El Camino Real 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.
    4115 El Camino Real
    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
    4115 El Camino Real 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
    Matthew Thomson
    (650) 515-6555 (415) 874-5000
    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!