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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail space
2368 Clarke Ave East Palo Alto, CA 94303-1631
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-1803574
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
3,000 SF
Lot
0.15 ac (6,732 SF)
Zoning code
M10000
APN
063-232-310
UPID
US09-1803574
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Clarke Ave Properties LLC
Clarke Ave Properties LLC
since 2026
6 recorded transactions
Zoning & alternative use
M10000 · East 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 East Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$235 / 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
$4,771
Tax year 2024
Assessed value
$321,927
Assessed 2024
Previous assessed
$321,927
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$183,961
Assessed improvement
$137,966
Applied tax rate
21.0000
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
1950
Heating
NONE
Total area
3,000 SF
Lot
0.15 ac (6,732 SF)
Zoning code
M10000
APN
063-232-310
UPID
US09-1803574
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · East Palo Alto, CA
Zoning M10000 · permitted uses
M10000 · East Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Palo Alto. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Clarke Ave Properties LLC
Entity
Mailing address
515 KING DR APT #3, DALY CITY, CA 94015-2968
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
$1,500,000
Clarke Ave Properties LLC
Kiswani Properties LLC
Grant Deed
$1,125,000 · Comerica Bank
Dec 16, 2011
—
Kiswani Properties LLC
Gheith,yousef N & Yamineh
Grant Deed
—
Feb 2, 1989
$175,000
Yousef Gheith
Ibrahim,m.
Grant Deed
—
—
—
Mike Ibrahim
—
Deed Of Trust
related
$75,000 · Beneficial California INC
—
—
Yousef Gheith
—
Deed Of Trust
related
$400,000 · Mohammad Isbeih
—
—
Yousef N Gheith
—
Deed Of Trust
related
$63,900 · Mercantile Finance Co INC
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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