Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palo Alto Office Building Title is generated by Realmo AI

    721 Colorado Ave, Palo Alto, CA 94303

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office building in Palo Alto, single or multi-tenant configuration.

    Type:Office
    Added:
    Apr 1, 2026
    Days on Market:
    64
    Last Refresh:
    Apr 1 at 8:02 pm

    Property Features for 721 Colorado Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Mike Cobb

    Listing agent Mike Cobb License #CA-00979399

    Listing office Silicon Valley

    Listing date Apr 1, 2026

    Source Colliers

    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 Silicon Valley

    HighLights

    • Single occupant or multi‑tenant configuration possible.
    • Additional property details.

    Overview

    This commercial real estate is located at 721 Colorado Ave, Palo Alto, CA 94303. The property is suitable for single occupant or multi-tenant configuration.
    Location Intelligence

    Current Use by Public Records

    Jill M. Cooper, ... Family Counselor Onymos Inc Corporate Office Mike Cobb Creative Marketing & Advertising Kohler Architects, Inc. Architect Martha Clark Scala ... Marriage Or Relationship Counselor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -122.1280837
    Latitude
    37.4336187

    Nearby Similar for Sale

    • $7,500,000

      Palo Alto Multifamily Investment Opportunity

      Renovated multifamily property near Stanford University and downtown Palo Alto.
      251 Middlefield Road, Palo Alto, CA 94301
      View Details
    • $5,500,000
      4,700 SF

      Palo Alto Childcare Facility Opportunity

      Prime Silicon Valley location, licensed for 84 kids, large playground.
      991 Commercial St, Palo Alto, CA 94303
      View Details
    • $3,700,000

      Operating Restaurant in Midtown Palo Alto

      Operating Round Table Pizza with real estate in prime location.
      706 Colorado Ave, Palo Alto, CA 94303
      View Details
    • $3,475,500
      8,180 SF

      Palo Alto Industrial Building For Sale

      8,180 SF industrial building with new roof and bathrooms.
      930 Industrial Avenue, Palo Alto, CA 94303
      View Details
    • $7
      1,657 SF

      Palo Alto Dental Office Space

      Modern dental office with six operatories in downtown Palo Alto.
      555 Middlefield Road, Palo Alto, CA 94301
      View Details
    • $10,500,000
      9,665 SF

      Palo Alto Apartment Community

      Apartment community near Downtown Palo Alto and Stanford University.
      325 Hawthorne Ave, Palo Alto, CA 94301
      View Details
    • $3,700,000
      3,261 SF

      Operating Restaurant in Midtown Palo Alto

      Established Round Table Pizza business and real estate for sale.
      706 Colorado Ave, PALO ALTO, CA 94303
      View Details
    • $1,725,000
      2,768 SF

      El Camino Real Retail Building

      Stand-alone retail building with restaurant infrastructure and parking.
      4113 El Camino Real, Palo Alto, CA
      View Details
    • $2,750,000
      4,950 SF

      Palo Alto Flex Warehouse Space

      Flex warehouse space in Palo Alto with parking and skylights.
      4075 Transport St, Palo Alto, CA
      View Details
    • $965,000
      3,002 SF

      Industrial Unit For Sale

      Industrial unit for sale with existing lease and flexible zoning.
      3037 Golf Course Dr, Ventura, CA
      View Details
    • $18,000,000
      11,243 SF

      Palo Alto Mixed-Use Building

      Prime mixed-use building in Downtown Palo Alto with established tenant.
      558-560 Waverley Street, PALO ALTO, CA 94301
      View Details
    • $5,700,000

      Palo Alto Multifamily Investment Opportunity

      Eight-unit multifamily property near University Avenue and Stanford University.
      813 Cowper St, Palo Alto, CA 94301
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in Palo Alto, single or multi-tenant configuration.
    Where is this office building located?
    The property is located at 721 Colorado Ave Palo Alto, CA.
    What are key features of this property?
    This property features: Single occupant or multi‑tenant configuration possible.; Additional property details.
    (650) 486-2251
    We can help!
    Listing Contact
    Mike Cobb
    Real Estate License ID: CA-00979399
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    721 Colorado Ave, Palo Alto, CA 94303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!