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Property profile & analytics
OFF-MARKET
Estimated value
$45,940,000
Apartment buildings
195 Page Ml Rd Palo Alto, CA 94306-2072
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-0154637
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
252,500 SF
Lot
2.41 ac (104,971 SF)
Zoning code
GMB
APN
132-32-054
UPID
US09-0154637
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
-
Carta (Bike/Boat/Book/etc) Store Corporate Office
-
Confluera Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
cafe machiavelli Restaurant
-
Factored AI (Bike/Boat/Book/etc) Store Corporate Office
-
Landing AI Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$45.94M
Owner & transaction history
Park Plaza Palo Alto LLC · 4 yrs held
Park Plaza Palo Alto LLC
since 2022
7 recorded transactions
Zoning & alternative use
GMB · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$182 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$74,880,259
Assessed 2023
Previous assessed
$73,412,020
+2.0% YoY
Assessed land
$11,943,616
Assessed improvement
$62,936,643
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
NONE
Stories
3
Units
82
Total area
252,500 SF
Lot
2.41 ac (104,971 SF)
Zoning code
GMB
APN
132-32-054
UPID
US09-0154637
Jurisdiction
SANTA CLARA
Zoning & alternative use
GMB · Palo Alto, CA
Zoning GMB · permitted uses
GMB · 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
2018
Construction
WOOD
Heating
NONE
Stories
3
Units
82
Lot
2.41 ac
Current owner
From public records · entity-resolved
Park Plaza Palo Alto LLC
Entity
Free & Clear · 4 yrs held
Mailing address
195 PAGE ML RD, PALO ALTO, CA 94306-2072
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
—
Park Plaza Palo Alto LLC
—
Deed
related
$43,500,000 · The Northwest Mutual Life Insurance
Feb 23, 2022
—
Park Plaza Palo Alto LLC
Douglas Carl Hohbach
Quit Claim Deed
related
—
Apr 27, 2009
—
Hohbach Rlty Co LP
Owner Name Unavailable
Grant Deed
related
—
May 7, 2007
—
Hohbach Realty Co
Court House Plaza
Grant Deed
related
—
Dec 28, 2006
—
Court House Plaza Co
Hohbach Ents INC
Grant Deed
related
—
Apr 2, 2004
—
Court House Plaza Co
Rothman,tr
Grant Deed
related
—
Mar 5, 2002
—
Rothman Trust
Rothman,morton
Quit Claim Deed
related
—
Sep 1, 1999
—
Goodenough Trust
Goodenough,dores M
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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