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Financial
Distress signals
Property profile

2371 University Ave East Palo Alto, CA 94303

OFF-MARKET
Retail space
Property ID
US09-1758859
0.07 ac lot
Last sale Jan 2021 · $1,375,000
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.
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Property summary

AI-generated overview

2371 University Avenue is a single-story retail building that is approximately 12,000 square feet. The property is situated at the southern gateway of the 4 Corners district in East Palo Alto and has prominent street visibility for northbound drivers. It was previously occupied by a wireless business, and the building is configured as retail space. Preliminary discussions with the City of East Palo Alto’s planning department indicated redevelopment potential for a three- to four-story project…

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?
$18k
Tax billed · 2024
Assessed value$1.46M
Assessed land$1.44M
Assessed improvement$16k
Effective rate1.20%

Value estimate

· Oct 2026
$1.44M
$1.29M – $1.58M
AI approach$1.41M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,003/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$407 – $1,400

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CL00C1
JurisdictionSAN MATEO

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Spa & Massage10.0
Pawn Shop9.5
Parking Facility9.3

Location

2371 University Ave East Palo Alto, CA 94303-1620
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
864 San Antonio, Palo Alto, CA 94303-4622 $4,365,000 Feb 2024 6,000 SF
530 Oconnor, Palo Alto, CA 94303 $763,599 Jul 2023 2,400 SF
77 Newell, East Palo Alto, CA 94303-2721 $6,000,000 Jul 2023 2,400 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
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