Listing Agency: CBRE | San Francisco a***@cbre.com Show Phone

Listed By: Alex Sagues · License #02055525 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 24 Last Checked: Aug 23 at 10:41AM

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Investment Insights

Based on property information with market context.

This retail property is centrally located with immediate access to Caltrain and Highway 101. The location also provides access to numerous dining, entertainment, and retail options.

Key Highlights

• Centrally located for easy access to everything.
• Immediate access to Caltrain** for convenient commuting.
• Immediate access to Highway 101**.

Property Analytics

Property Profile

Current Use

Noble Insulation of Palo ... General Contractor

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 property - Centrally located retail property with access to transportation and amenities.

Where is this retail property located?

The property is located at 499 University Avenue Palo Alto, CA.

What are key features of this property?

This property features: Centrally located for easy access to everything.; Immediate access to Caltrain** for convenient commuting.; Immediate access to Highway 101**.