Financial
Distress signals
Property profile

2535 Pulgas Ave East Palo Alto, CA 94303

FOR LEASE
Manufacturing properties
Property ID
US09-1289383
9,444 SF 3.87 ac lot
Last sale Dec 2021 · $4,240,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Four-story office building totaling 50,000 square feet, designed to accommodate up to two full floors for occupancy. Each floor has the potential to be divided to support multiple tenant configurations. The property includes 357 surface parking spaces, and it features a local/priority hire agreement in connection with the building’s construction.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$99k
Tax billed · 2024
Assessed value$8.76M
Assessed land$8.76M
Effective rate1.13%

Value estimate

· Sep 2026
$4.42M
$3.98M – $4.86M
AI approach$4.16M
Sales comparison$4.58M

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$327/SF
County average, outlier-cleaned · 108 recorded sales of this use type
Observed band · Q1–Q3$163 – $485
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M10000
JurisdictionSAN MATEO

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.3
Furniture Store9.7
Parking Facility9.6

Location

2535 Pulgas Ave East Palo Alto, CA 94303
County assessor Recorded deeds · 6 transfers 12 qualifying comp sales Zoning catalog

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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1836 Bay, East Palo Alto, CA 94303-1311 $4,500,000 Oct 2024 30,096 SF
1045 Weeks, East Palo Alto, CA 94303-1341 $4,750,000 Aug 2024 7,669 SF
325 Demeter, East Palo Alto, CA 94303-1306 $6,350,000 Mar 2023 10,400 SF
225 Demeter, East Palo Alto, CA 94303-1304 $155,000 Dec 2021 5,570 SF
1804 Bay, East Palo Alto, CA 94303-1311 $3,500,000 Jun 2019 1,000 SF
1990 Bay, East Palo Alto, CA 94303-1313 $11,468,500 Apr 2019 15,049 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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