Property profile

235 Alma St Palo Alto, CA 94301

FOR SALE
Office buildings
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Property ID
US09-2691766
1,725 SF 0.13 ac Built 1904
Last sale Dec 2020·$2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This live-work property consists of two structures totaling approximately 3,940 square feet on a parcel of approximately 5,625 square feet. The main building spans multiple levels and was built in 1904, with interior and exterior updates completed in 2025; it features modern interior finishes and exterior improvements, and is characterized by abundant natural light. A separate secondary structure provides additional adaptable office or flex space. The property is zoned CD-N (P) and has been…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$34k
Tax billed · 2024
Assessed value$2.76M
Assessed land$2.68M
Assessed improvement$74k
Effective rate1.22%

Value estimate

· Nov 2026
$3.28M
$2.95M – $3.60M
AI approach$3.23M
Submarket $/SF estimate$2.83M
NOI build-up
Gross scheduled income$221k
Vacancy & credit loss−$36k
Operating expenses−$46k
NOI · 3.70% cap applied$139k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,195/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$383 – $1,641
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3.70%
$139k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CDNP
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market11.4
Barber Shop10.6
Laundromat9.8

Location

235 Alma St Palo Alto, CA 94301
County assessor Recorded deeds · 9 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
518 Hamilton, Palo Alto, CA 94301-2011 $600,000 Sep 2024 1,568 SF
524 Middlefield, Palo Alto, CA 94301-2123 $800,000 Apr 2024 1,382 SF
675 Gilman, Palo Alto, CA 94301-2528 $2,154,000 Oct 2023 1,436 SF
652 Homer, Palo Alto, CA 94301-2827 $974,000 Oct 2023 1,704 SF
824 Bryant, Palo Alto, CA 94301-2707 $640,000 May 2023 1,769 SF
359 Middlefield, Palo Alto, CA 94301-1345 $2,153,000 Dec 2020 1,230 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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