Property summary
This exceptional Class A office building in Palo Alto offers three distinct spaces totaling 3,364 to 3,626 square feet, ideal for discerning businesses. Located at 116 University Avenue, near Alma Street, this three-story building boasts a prime location in Santa Clara County (APN 120-26-108, zoned R-6). The ground floor features a 3,364 square foot office space, while the second floor offers 3,626 square feet, complete with a built-in conference room. A unique feature is the lower level, encompassing 3,535 square feet, fully built out as a commercial kitchen – perfect for food-related businesses or those requiring extensive food preparation capabilities. The top two floors are highlighted by floor-to-ceiling windows that open to the outdoors, providing abundant natural light and a pleasant work environment. Building amenities include key card access for enhanced security and access to a private outdoor plaza. The interior features polished concrete floors and high ceilings, creating a modern and sophisticated atmosphere. The property sits on 0.17 acres and includes an elevator for convenient access to all three floors. This is a rare opportunity to secure high-quality office space in a highly desirable location. The building was renovated in 2007. Multiple tenancy options are available.
Property profile
VerifiedCap rate & NOI
Current use
-
Architect
-
Electronics & Wireless Store
-
(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.