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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2211 Park Blvd Palo Alto, CA 94306-1533

    • Office buildings
    • 3,380 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0879074
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Peninsula Law Group, APLC / Family Law Attorney / Bankruptcy Service
    • Gadi Zohar, Esq. / Estate Planning Attorney / Attorney
    • The Law Offices of Nancy M. Martinez / Family Law Attorney / Divorce Lawyer
    • Edwards Law Group Inc / Attorney
    • BlackOwl Law, P.C. / Law Firm

    Property Details for 2211 Park Blvd

    Year built
    1956
    Lot size
    0.35 lot acres
    Property size
    3,380 SF
    Zone code
    RM30
    Property type
    Office buildings
    APN
    124-28-043
    APU
    12428043

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,115,000
      6.5%
      $1,950,000
      7%
      $1,810,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.144
    Latitude
    37.4302
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,523
    $1,620,910
    $532,577
    $2,153,487
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $20,600,000
      29,120 SF

      3045 Park Blvd

      OFFICE BUILDING • 29,120 SF
      3045 Park Blvd, Palo Alto, CA 94306-2258
      View Details
    • Value Estimation
      $15,480,000
      40,140 SF

      3101 Park Blvd

      OFFICE BUILDING • 40,140 SF
      3101 Park Blvd, Palo Alto, CA 94306-2233
      View Details
    • Value Estimation
      $1,870,000
      4,412 SF

      3250 Ash St

      OFFICE BUILDING • 4,412 SF
      3250 Ash St, Palo Alto, CA 94306-2239
      View Details
    • Value Estimation
      $1,985,000
      4,908 SF

      560 Oxford Ave

      OFFICE BUILDING • 4,908 SF
      560 Oxford Ave, Palo Alto, CA 94306-1153
      View Details
    • Value Estimation
      $1,650,000
      3,204 SF

      405 Cambridge Ave

      OFFICE BUILDING • 3,204 SF
      405 Cambridge Ave, Palo Alto, CA 94306-1614
      View Details
    • Value Estimation
      $10,135,000
      26,987 SF

      388 Cambridge Ave

      OFFICE BUILDING • 26,987 SF
      388 Cambridge Ave, Palo Alto, CA 94306-1502
      View Details

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      Palo Alto Office Space

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      Centrally located development site in Palo Alto with multiple access.
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      Palo Alto Retail Investment Opportunity

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    Similar Nearby for Lease

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      5,000 SF

      Furnished Office Building with Parking

      Single-tenant office building with parking, divisible to 2,500 SF.
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      View Details
    • $6 SF/Yr
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      Freestanding Office/Tech/Medical Space Available

      2,100 SF office/tech/medical space with parking near El Camino.
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      View Details
    • Contact for pricing

      Palo Alto Class A Office

      Class A office space in premier Palo Alto location.
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      View Details
    • $93 SF/Yr
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      Palo Alto Executive Office Suites

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      Palo Alto Office Space

      Office space available for rent in Palo Alto, CA.
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      View Details
    • $78 SF/Yr
      6,667 SF

      Palo Alto Office Space

      Office space for rent in Palo Alto with on-site parking.
      268-270 Lambert Ave, Palo Alto, CA 94306
      View Details
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    2211 Park Blvd
    Palo Alto, CA 94306-1533
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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