123 Alma Ave Palo Alto, CA 94301
This exceptional 23,666-square-foot industrial warehouse, situated on a 1.09-acre lot in San Jose, California, presents a compelling investment opportunity. The property boasts a highly desirable location at 123 Alma Ave, 94301, offering high visibility and exposure due to its corner location with three curb cuts and front facing position on Alma Avenue. Currently configured into three separate units (9,550 SF, 4,765 SF, and 9,353 SF), the building can be delivered entirely vacant at the close of escrow, providing flexibility for the new owner. The warehouse features five dock-high loading doors, making for efficient loading and unloading operations. The property is equipped with a 1,200-amp, 120/208, 3-phase electrical service (buyer to verify). Further enhancing its functionality, the building includes a sprinkler system and is zoned for heavy industrial use (HI). Ample parking is provided at a ratio of two spaces per 1,000 square feet. The property's Assessed Parcel Number (APN) is 477-06-046. This prime industrial property offers significant potential for a variety of uses and represents a rare opportunity in the competitive Santa Clara County market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.