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Property profile & analytics
FOR SALE
Office buildings
235 Alma St Palo Alto, CA 94301
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2691766
For Sale
1 / 32
$4,988,000
235 Alma St, Palo Alto, CA 94301
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1904
Construction
WOOD
Total area
1,725 SF
Lot
0.13 ac (5,625 SF)
Zoning code
CDNP
APN
120-25-058
UPID
US09-2691766
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
-
Lena Osher Md Physician
-
International Dialogue Education Associates, Inc. Business Management Consultant Business Related
-
Syntony Publishing, LLC Publishing House
-
Monetize Solutions, Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.91M
Owner & transaction history
Dmr Properties · 5 yrs held
Dmr Properties
since 2020
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
CDNP · 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
$3,275,000
ML approach
$3,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,775,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±10% · vs last sale $2.60M (Dec 22 2020)
Last sale anchor
$2.60M
Dec 22 2020
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
$1,684 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$33,538
Tax year 2024
Assessed value
$2,759,140
Assessed 2024
Previous assessed
$2,759,140
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,684,856
Assessed improvement
$74,284
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1904
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
1,725 SF
Lot
0.13 ac (5,625 SF)
Zoning code
CDNP
APN
120-25-058
UPID
US09-2691766
Jurisdiction
SANTA CLARA
Zoning & alternative use
CDNP · Palo Alto, CAZoning CDNP · permitted uses
CDNP · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1904
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Dmr Properties
Entity
Mailing address
1303 ELMER ST, BELMONT, CA 94002-4010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
$2,600,000
Dmr Properties
Genie Z Laborde
Grant Deed
—
May 15, 2020
—
Genie Z Laborde
Genie Z Laborde
Intrafamily Transfer
related
$335,863 · Us Bank NA
Jul 20, 2012
—
Griffin Family Trust
Laborde,genie Z
Grant Deed
related
—
Aug 22, 2007
—
Homes Curtner
Migdal Mark 2000 Trust
Grant Deed
related
—
Dec 5, 1997
$625,000
Laborde,genie Z
W G Yourieff Trustee
Trustees Deed
$411,168 · Individual
Dec 5, 1997
—
Laborde,genie Z
Griffin,george G
Trustees Deed
related
—
Apr 12, 1996
—
W G Yourieff
Yourieff Trust
Quit Claim Deed
related
—
—
—
Genie Z Laborde
—
Deed Of Trust
related
$642,000 · California Savings & Loan
—
—
Genie Z Laborde
—
Deed Of Trust
related
$200,000 · Cari Lindros
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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