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Property profile & analytics
FOR LEASE
Office buildings
1885 El Camino Real Palo Alto, CA 94306
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2763166
For Lease
$1,285,000
1885 El Camino Real, Palo Alto, CA 94306
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
CONCRETE
Total area
3,058 SF
Lot
0.14 ac (6,041 SF)
Zoning code
CN
APN
124-30-060
UPID
US09-2763166
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
-
One Hour Translation Translation Service
-
Drip Capital Inc. Bank Credit Union
-
Carrasco & Associates Architect Architecture Firm
-
Valar Labs Corporate Office
-
Jayway Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Carrasco,tr · 23 yrs held
Carrasco,tr
since 2003
7 recorded transactions
Zoning & alternative use
CN · 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%
$1,915,000
6.5%
$1,765,000
7%
$1,640,000
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$420 / 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
$14,862
Tax year 2024
Assessed value
$1,168,734
Assessed 2024
Previous assessed
$1,168,734
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$468,060
Assessed improvement
$700,674
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
For Lease
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
3,058 SF
Lot
0.14 ac (6,041 SF)
Zoning code
CN
APN
124-30-060
UPID
US09-2763166
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · Palo Alto, CA
Zoning CN · permitted uses
CN · 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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Carrasco,tr
Individual
Mailing address
583 GLENBROOK DR, PALO ALTO, CA 94306-4345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
Anthony A Carrasco
—
Deed
related
$750,000 · Avidbank
May 7, 2003
—
Carrasco,tr
Carrasco,anthony A
Quit Claim Deed
related
—
Jan 12, 1999
—
Anthony A Carrasco
—
Grant Deed
related
$635,000 · Liberty Bank For Savings
Jun 2, 1998
$299,000
Anthony A Carrasco
Hillview Land LLC
Grant Deed
—
Jan 31, 1997
$777,000
Hillview Land LLC
Shell Oil Company
Grant Deed
—
—
—
Carrasco Anthony A Trust
—
Deed Of Trust
related
$250,000 · Avidbank
—
—
Carrasco Anthony A Trust
—
Deed Of Trust
related
$750,000 · Avidbank
—
—
Anthony A Carrasco
—
Deed Of Trust
related
$950,000 · Union Bank Of California
—
—
Anthony A Carrasco
—
Deed Of Trust
related
$900,000 · Liberty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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