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Property profile & analytics
OFF-MARKET Estimated value $3,225,000
Retail space

2249 Grant Rd Los Altos, CA 94024-6954

4,015 SF 0.3 ac lot Built 1962
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US10-3152376
Property summary
AI-generated overview

This exceptional Los Altos commercial property presents a compelling redevelopment opportunity or owner-user scenario. The 4,015-square-foot building, situated on a 13,068-square-foot lot, currently houses a convenience store and a paint store, offering versatile potential. Built in 1962 and renovated in 2007, the Class A property features two units, twenty parking spaces (including ADA-compliant spaces), and ample amenities including three bathrooms (two ADA-compliant and one employee restroom). The property's location in the heart of Silicon Valley boasts high traffic counts, making it ideal for a variety of uses, including medical or dental offices. The asking price is $4,288,000, and the property is suitable for a 1031 exchange. This single-story building offers significant potential for investors seeking a prime location in a thriving market. The property's multi-tenant configuration and substantial lot size provide flexibility for future development or expansion. Don't miss this chance to acquire a valuable asset in the desirable Los Altos market. APN: 318=16-009.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction WOOD
Total area 4,015 SF
Lot 0.3 ac (13,068 SF)
Zoning code CN
APN 318-16-009
UPID US10-3152376
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
  • Alotta's Take-out & Catering Catering Service
  • California Paint Company Hardware & Home Improvement Building Supply
  • Benjamin Moore Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.14M
Blend (final) Blend
$3.23M
Owner & transaction history
Arangam LLC
Arangam LLC
since 2025
7 recorded transactions
2025
Price N/A
2025
$4.2M
2023
Price N/A
2020
Price N/A
2018
Price N/A
2008
Price N/A
2005
$1.3M
Zoning & alternative use
CN · Los Altos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $4.7M +45.4%
Neighborhood: shopping center $4.1M +28.7%
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