Listing Agency: CBRE | Palo Alto k***@cbre.com Show Phone

Listed By: Katie Singer · License #01745709 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 19 Last Checked: Aug 24 at 6:40AM

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Investment Insights

Based on property information with market context.

This retail space is located on University Avenue in Palo Alto’s central business and retail district. The property is within walking distance of Stanford University and the Caltrain Palo Alto Station.

Key Highlights

• Prime retail location on University Avenue.
• In Palo Alto’s central business/retail district.
• Walking distance to Stanford University.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Food Market Barber Shop Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store

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

4,833

Businesses Nearby

Explore this area Business Placement

Demographics for 94301, CA

17,299

Population

8,220

Households

2.1

Avg Household Size

44

Median Age

83%

College-Educated

96%

High-School Grad

2.4 sq mi

ZIP Area

7,208

Density / Sq Mi

$235,529

Median Household Income

$136,514

Median Earnings

$3,290

Median Rent

$2,000,001

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail location in Palo Alto's central business district.

Where is this retail space located?

The property is located at 451 University Avenue Palo Alto, CA.

What are key features of this property?

This property features: Prime retail location on University Avenue.; In Palo Alto’s central business/retail district.; Walking distance to Stanford University.