Two-Story Office
721 Colorado Ave Palo Alto, CA 94303
721 Colorado Ave, Palo Alto, CA, 94303
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For Sale
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Two-story office building with a second-floor balcony and on-site parking access via an adjacent free public lot.
Property Size6,584 SF
Price / SF$653.10
Days on Market22
Property Features for 721 Colorado Ave
General Information
- Standard status
- Active
- Size
- 6,584 SF
- Property subtype
- Office
Listing agency
Premier Properties
Listed by
Jesse Ebner · License #CA 02055989
Source
Crexi
Added: Jul 1 Updated: Jul 22 at 7:59AM Checked: Jul 22 at 7:59AM
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 Premier Properties
Investment Insights
Based on property information with market context.
This two-story office building offers a mix of occupancy, with the owner partially occupying and short-term tenants partially occupying the space. The property is configured entirely for office use and includes a second-floor balcony.
A public parking lot adjacent to the building allows tenants and guests to park all day for free. The building is positioned in Midtown and is surrounded by restaurants and amenities.
As an all-office asset in a resilient Palo Alto submarket, 721 Colorado Ave offers both investment and owner-user flexibility.
A public parking lot adjacent to the building allows tenants and guests to park all day for free. The building is positioned in Midtown and is surrounded by restaurants and amenities.
As an all-office asset in a resilient Palo Alto submarket, 721 Colorado Ave offers both investment and owner-user flexibility.
Key Highlights
- Two‑story office building at 721 Colorado Ave, Palo Alto, consisting entirely of office space
- Partially owner‑occupied and partially occupied by short‑term tenants
- Second‑floor balcony
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $369.0k | $56.04 |
| − Vacancy | −$60.1k | −$9.13 |
| EGI | $308.8k | $46.91 |
| − OpEx | −$77.2k | −$11.73 |
| NOI | $231.6k | $35.18 |
6,584 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.31M
$2.90M – $3.86M
NOI $231,619 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.48M – $4.64M
NOI $278,240 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jill M. Cooper, ...
Counselor
Onymos Inc
Corporate Office
Mike Cobb Creative
Marketing & Advertising
Kohler Architects, Inc.
Architect
Martha Clark Scala ...
Marriage Or Relationship Counselor
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FAQs
What type of property is this?
Office building - Two-story office building with a second-floor balcony and on-site parking access via an adjacent free public lot.
Where is this office building located?
The property is located at 721 Colorado Ave Palo Alto, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Two‑story office building at 721 Colorado Ave, Palo Alto, consisting entirely of office space; Partially owner‑occupied and partially occupied by short‑term tenants; Second‑floor balcony
