Realmo Analytics
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Property summary
This exceptional freestanding restaurant building at 321 California Avenue in Palo Alto, California presents a unique investment opportunity. Boasting 4,775 square feet on a substantial 310,454 square foot lot, this property offers significant potential. Built in 1938, the building is zoned CC2RP and features a desirable patio area, adding to its overall usable space. The property benefits from exclusive on-site parking, a rare find in this highly sought-after location. Its prime downtown… position is just two blocks from the Caltrain station and within easy walking distance of Stanford University, ensuring high visibility and accessibility. The surrounding area is home to a vibrant mix of businesses, including well-known brands such as Starbucks, Club Pilates, Pure Barre, The Counter, and Equinox. A significant advantage is the property's direct adjacency to the new public parking garage at 350 Sherman Avenue, providing 636 parking stalls for patrons and employees. The asking price for this remarkable property is $5,200,000. The property's location, size, and proximity to key amenities make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving California market. The APN is 124-33-001. This is a rare chance to acquire a well-situated, established restaurant space in the heart of Palo Alto.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records and 9 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,825 SF
- Lot area
- 0.24 ac
- Year built
- 1938
- Stories
- 1
- APN
- 124-33-001
- Zoning
- CC2RP
- Assessed value · 2024
- $4,669,315
- Annual tax · 2024
- $55,969
- Neighborhood: Shopping Center
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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