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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
109 California Ave D101 Palo Alto, CA 94306-1926
Trust Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3204704
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
WOOD
Total area
1,657 SF
Lot
0.04 ac (1,657 SF)
Zoning code
CC2RP
APN
124-37-029
UPID
US09-3204704
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Palo Alto Vision Optometry Physician
-
Thuy Nguyen Physician
-
Michael Le Physician
-
Dr. Lawrence Chin Physician
-
Nina Moore | Douglas & Moore Real Estate Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Weintraub-sthymmel Trust · 24 yrs held
Weintraub-sthymmel Trust
since 2001
5 recorded transactions
Zoning & alternative use
CC2RP · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palo Alto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$395 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,152
Tax year 2024
Assessed value
$683,025
Assessed 2024
Previous assessed
$683,025
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$197,130
Assessed improvement
$485,895
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
1,657 SF
Lot
0.04 ac (1,657 SF)
Zoning code
CC2RP
APN
124-37-029
UPID
US09-3204704
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC2RP · Palo Alto, CA
Zoning CC2RP · permitted uses
CC2RP · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palo Alto. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Weintraub-sthymmel Trust
Trust
Mailing address
232 HILLSIDE DR, FAIRFAX, CA 94930-1823
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2001
—
Weintraub-sthymmel Trust
Weintraub Trust
Quit Claim Deed
related
—
May 16, 1996
—
Weintraub Trust
Weintraub,norman J
Quit Claim Deed
related
—
—
—
Teixeira-london Living Trust
—
Deed Of Trust
related
$120,000 · Bank Of Marin
—
—
Weintraub Trust
—
Deed Of Trust
related
$200,000 · Greater Bay Bank Marin
—
—
Weintraub Trust
—
Deed Of Trust
related
$240,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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