Property profile

116 University Ave Palo Alto, CA 94301

OFF-MARKET
Commercial kitchens
0.17 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Commercial kitchens
Lot 0.17 ac (7,405 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Architect
  • Electronics & Wireless Store
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

116 University Ave Palo Alto, CA 94301
Palo Alto metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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