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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Office buildings
120 Hawthorne Ave, Palo Alto, CA 94301-1000
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3007196
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
TILT-UP CONCRETE
Total area
8,735 SF
Lot
0.23 ac (10,100 SF)
Zoning code
CDN
APN
120-25-155
UPID
US10-3007196
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
-
Step Mobile, Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Step Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.21M
Owner & transaction history
120 Hawthorne Avenue LLC · 13 yrs held
120 Hawthorne Avenue LLC
since 2012
7 recorded transactions
Zoning & alternative use
CDN · 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%
$5,465,000
6.5%
$5,045,000
7%
$4,685,000
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±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
$482 / 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
$66,331
Tax year 2024
Assessed value
$5,550,509
Assessed 2024
Previous assessed
$5,550,509
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,794,859
Assessed improvement
$2,755,650
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
8,735 SF
Lot
0.23 ac (10,100 SF)
Zoning code
CDN
APN
120-25-155
UPID
US10-3007196
Jurisdiction
SANTA CLARA
Zoning & alternative use
CDN · Palo Alto, CA
Zoning CDN · permitted uses
CDN · 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
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
120 Hawthorne Avenue LLC
Entity
Mailing address
664 GILMAN ST, PALO ALTO, CA 94301-2528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
120 Hawthorne Avenue LLC
—
Deed
related
$7,500,000 · Jpmorgan Chase Bank NA
Oct 5, 2018
—
120 Hawthorne Avenue LLC
—
Deed
related
$7,500,000 · Jp Morgan Chase Bk
Nov 28, 2012
—
120 Hawthorne Avenue LLC
Reller Trust
Grant Deed
—
Apr 3, 2012
—
William Mcclain Reller
William Mclain Reller
Intrafamily Transfer
related
$2,600,000 · Jpmorgan Chase Bank NA
Feb 28, 2012
—
Reller Trust
Reller Family Trust
Quit Claim Deed
related
—
Aug 10, 2011
—
Moragne Mark & E Family Trust
Moragne,elizabeth R
Quit Claim Deed
related
—
Mar 2, 2011
—
Reller S & M Living Trust
Reller,stephen
Quit Claim Deed
related
—
Oct 23, 2007
—
Reller William E & Carolyn W Tr
Owner,record
Grant Deed
related
—
May 11, 2007
—
Reller Trust
Peninsula Open Space Trust
Grant Deed
$2,100,000 · Private Bank The Peninsula
—
—
120 Hawthorne Avenue LLC
—
Deed Of Trust
related
$7,500,000 · Jp Morgan Chase Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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