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Renovated Office Building
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499 Hamilton Avenue, Palo Alto, CA 94301

Flexible office layout combines open work areas with private offices in downtown Palo Alto.

Space Size15,724 SF
Days on Market4

Property Features for 499 Hamilton Avenue

General Information

Standard status Active
Size 15,724 SF
Net Rentable 15,724 SF
Property subtype OFFICE

Space & Availability

Available Space 15,724 SF
Contiguous Space 15,724 SF
Space Use Office
Available From 2027-01-31
Furnished Yes

Additional Details

Public Transit Yes

Building Details

Building Size 15,724 SF
Listing Agency: Newmark | Palo Alto
Listed By: Kevin Cunningham · License #RE#01322886
Source: Moodyscre
Added: Aug 3 Changed: Aug 5 Last Checked: Aug 6 at 11:48AM

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 Newmark | Palo Alto

Investment Insights

Based on property information with market context.

This office building features recently renovated interiors arranged with a combination of open work areas and private offices. Existing furniture is available, providing a furnished configuration for users seeking an operational workspace.

The property is positioned on a corner in downtown Palo Alto, within walking distance of downtown amenities and Caltrain. A city parking lot directly adjoins the property, with multiple city parking garages nearby. Availability begins January 31, 2027, with the possibility of an earlier commencement.

Key Highlights

  • Recently renovated interiors with open areas and private offices
  • Existing furniture is available
  • Corner property in downtown Palo Alto

Property Analytics

Current Use

Alley powered by ... Coworking & Hybrid Office Verizon Development Center Corporate Office PodiumVC Corporate Office MongoDB, Inc. Corporate Office VZ Palo Alto Corporate Office

Suggested Use

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

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

5,272
Businesses Nearby

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 Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Flexible office layout combines open work areas with private offices in downtown Palo Alto.
Where is this office building located?
The property is located at 499 Hamilton Avenue Palo Alto, CA.
What are key features of this property?
This property features: Recently renovated interiors with open areas and private offices; Existing furniture is available; Corner property in downtown Palo Alto
(650) 688-8521 Call to check price and availability
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