116 University Ave, Palo Alto, CA 94301
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.
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Bellomo Architects Architect
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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
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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.