Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1003 Weeks St East Palo Alto, CA 94303-1341

    • Manufacturing properties
    • 5,365 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2021
    Value Estimations
    $1,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0921556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1003 Weeks St

    Year built
    1966
    Lot size
    0.59 lot acres
    Property size
    5,365 SF
    Zone code
    ML00M1
    Property type
    Manufacturing properties
    APN
    063-232-090
    APU
    63232090

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,755,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,895,000
      Change: +65% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,795,000
      Change: +59% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,480,000
      Change: +41% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,435,000
      Change: +39% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Palo Alto
    County
    San Mateo
    State
    California
    Longitude
    -122.132
    Latitude
    37.4707
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $41,174
    $3,121,200
    $104,040
    $3,225,240
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $895,000
      4,500 SF

      981 Commercial St

      MANUFACTURING (LIGHT) • 4,500 SF
      981 Commercial St, Palo Alto, CA 94303-4908
      View Details
    • Value Estimation
      $6,790,000
      10,400 SF

      325 Demeter St

      MANUFACTURING (LIGHT) • 10,400 SF
      325 Demeter St, East Palo Alto, CA 94303-1306
      View Details
    • Value Estimation
      $4,500,000
      30,096 SF

      1836 Bay Rd

      MANUFACTURING (LIGHT) • 30,096 SF
      1836 Bay Rd, East Palo Alto, CA 94303-1311
      View Details
    • Value Estimation
      $1,300,000
      17,950 SF

      218 Demeter St, Unit 230

      MANUFACTURING (LIGHT) • 17,950 SF
      218 Demeter St, East Palo Alto, CA 94303-1303
      View Details
    • Value Estimation
      $4,845,000
      70,578 SF

      2555 Pulgas Ave

      MANUFACTURING (LIGHT) • 70,578 SF
      2555 Pulgas Ave, East Palo Alto, CA 94303-1324
      View Details
    • Value Estimation by Request
      5,570 SF

      225 Demeter St

      MANUFACTURING (LIGHT) • 5,570 SF
      225 Demeter St, East Palo Alto, CA 94303-1304
      View Details

    Similar Nearby for Sale

    • $2,750,000
      4,950 SF

      Palo Alto Flex Warehouse Space

      Flex warehouse space in Palo Alto with parking and skylights.
      4075 Transport St, Palo Alto, CA 94303
      View Details
    • Contact for pricing
      50,000 SF

      Four-Story Office Building For Sale

      Four-story office building with ample parking and flexible space.
      2535 Pulgas Ave, East Palo Alto, CA 94303
      View Details
    • Contact for pricing
      25,303 SF

      Palo Alto Multi-Tenant Office

      Multi-tenant office building in Palo Alto with repositioning potential.
      1900 Embarcadero Rd, Palo Alto, CA 94303
      View Details
    • $3,700,000
      3,261 SF

      Operating Restaurant in Midtown Palo Alto

      Established Round Table Pizza business and real estate for sale.
      706 Colorado Ave, Palo Alto, CA 94303
      View Details
    • $998,000
      1,840 SF

      East Palo Alto Fourplex Opportunity

      Fourplex in East Palo Alto with strong rental income potential.
      2148 Ralmar Ave, East Palo Alto, CA 94303
      View Details
    • Contact for pricing
      6,584 SF

      Palo Alto Office Building

      Office building for sale in Palo Alto, California.
      721 Colorado Ave, Palo Alto, CA 94303
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing

      Embarcadero Place

      Discover many ways to work your way in Embarcadero Place
      2100 Geng Rd, Palo Alto, CA 94303
      View Details
    • Contact for pricing
      2,676 SF

      Palo Alto Class A Lab

      Class A lab and office space available for rent.
      2438-2468 Embarcadero Way, Palo Alto, CA 94303
      View Details
    • $1.85 SF/Yr
      4,000 SF

      Remodeled Flex Space Available

      Available flex space with new amenities and ample parking.
      990-996 San Antonio Rd, Palo Alto, CA 94303
      View Details
    • $2.00 SF/Yr
      4,275 SF

      Palo Alto Flex Space Available

      Flex space with office and warehouse near Highway 101.
      914 Industrial Ave, Palo Alto, CA 94303
      View Details
    • Contact for pricing
      4,200 SF

      Palo Alto Flex Space Available

      Flex space in Palo Alto with easy highway access.
      797 San Antonio Rd, Palo Alto, CA 94303
      View Details
    • Contact for pricing
      23,000 SF

      East Palo Alto R&D Building

      Stand-alone R&D building with heavy power and roll-up doors.
      2197 E Bayshore Rd, East Palo Alto, CA 94303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1003 Weeks St
    East Palo Alto, CA 94303-1341
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!