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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Retail space
2127 El Camino Real Palo Alto, CA 94306-1540
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3157115
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
TILT-UP CONCRETE
Total area
5,706 SF
Lot
0.26 ac (11,537 SF)
Zoning code
CN
APN
124-31-059
UPID
US09-3157115
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
-
Fast Repair Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.54M
Owner & transaction history
Naftis LLC
Naftis LLC
since 2025
Last sale
$3.0M
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%
$2,570,000
6.5%
$2,370,000
7%
$2,200,000
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±10% · vs last sale $3.02M (Jul 16 2025)
Last sale anchor
$3.02M
Jul 16 2025
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
$445 / 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
$2,833,071
Assessed 2023
Previous assessed
$2,777,522
+2.0% YoY
Assessed land
$1,480,925
Assessed improvement
$1,352,146
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
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
6
Total area
5,706 SF
Lot
0.26 ac (11,537 SF)
Zoning code
CN
APN
124-31-059
UPID
US09-3157115
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
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Lot
0.26 ac
Current owner
From public records · entity-resolved
Naftis LLC
Entity
Mailing address
1690 CASTILLEJA AVE, PALO ALTO, CA 94306-1002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 16, 2025
$3,016,500
Naftis LLC
John B Mcgowan
Grant Deed
$1,150,000 · Standard Insurance Co
May 29, 2025
—
John B Mcgowan
John Mcgowan
Deed
related
—
May 16, 2025
—
John Mcgowan
John Mcgowan
Deed
related
—
Oct 11, 2016
—
Schaper,margo L Living Trust
Schaper,margo L
Quit Claim Deed
related
—
Mar 23, 2007
—
Margo L Schaper
Wood-smith S Living Trust
Quit Claim Deed
related
—
Sep 27, 2006
—
John M Ward
Wood-smith,stephanie C
Affidavit Of Death
related
—
May 11, 2006
—
Wood-smith S Living Trust
Wood-smith,stephanie
Quit Claim Deed
related
—
Jan 31, 2002
—
Stephanie Wood-smith
Ford Trust
Quit Claim Deed
related
—
Jul 14, 1995
—
Ford Trust
Wood-smith Trust
Quit Claim Deed
related
—
Jul 13, 1994
—
Wood-ford Trust
Ford Trust
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.
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