New Construction Mixed-Use
4115 El Camino Real, Palo Alto, CA 94306
For Sale
$18,000,000
New construction mixed-use condos available for bulk purchase.
Property Size31,459 SF
Price / SF$572.17
Days on Market228
Property Features for 4115 El Camino Real
General Information
Standard status
Size
Site & Location
Neighborhood
Listing Agency:
DEAL Real Estate Services
Listed By:
Awne Elrabadi · License CA #01480736
(408) 688-4928
Source:
Tfregroup
Added: Mar 27
Changed: Nov 2
Last Checked: Nov 8 at 6:00AM
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 DEAL Real Estate Services
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Investment Insights
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This offering presents an opportunity to purchase new construction mixed-use condominium units. The property, totaling 31459 square feet, allows for flexible acquisition strategies. Buyers can purchase a single suite, combine multiple units, or acquire the entire building. The location is 4115 El Camino Real, Palo Alto, CA 94306.
Key Highlights
- New construction (2025)
- Mixed‑use condos
- Bulk sale opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,106,700
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,134,000
$22.1M
Cap Rate 7%
$15,810,000
$15.8M
Cap Rate 9%
$12,296,667
$12.3M
Market Conditions
NOI Build-Up for 31,459 SF
Gross rent
$1.76M $56.04/SF
− Vacancy
−$287.4K −$9.13/SF
EGI
$1.48M $46.91/SF
− OpEx
−$368.9K −$11.73/SF
NOI
$1.11M $35.18/SF
Area
Santa Clara County, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,134,000
Cap Rate 7%
$15,810,000
Cap Rate 9%
$12,296,667
Alternative Uses
Best Use
Office B
$15.81M
$13.83M – $18.45M
NOI $1,106,700 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$12.14M
$10.62M – $14.16M
NOI $849,755 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$18.99M
$16.62M – $22.16M
NOI $1,329,460 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
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Business Placement
Demographics for 94306, CA
28,659
Population
11,853
Households
2.4
Avg Household Size
41
Median Age
81%
College-Educated
96%
High-School Grad
4.1 sq mi
ZIP Area
6,990
Density / Sq Mi
$186,479
Median Household Income
$112,500
Median Earnings
$2,927
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Santa Clara County, CA
Properties on Market for Mixed-use properties in Santa Clara County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - New construction mixed-use condos available for bulk purchase.
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 $18,000,000.
What are key features of this property?
This property features: New construction (2025); Mixed‑use condos; Bulk sale opportunity
