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Property profile & analytics
FOR LEASE
Office buildings
250 Cambridge Ave Palo Palo Alto, CA 94306
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2963638
For Lease
1 / 18
$8.75 SF/Yr
250 Cambridge Ave,Unit Palo, Palo Alto, CA 94306
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
TILT-UP CONCRETE
Total area
35,950 SF
Lot
0.34 ac (15,001 SF)
Zoning code
CC2R
APN
124-28-050
UPID
US09-2963638
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
-
Threlkeld Cindy H OD Physician
-
BENJAMIN THRELKELD OD Physician
-
Finistere Ventures Corporate Office
-
Northwestern Pacific Railroad Freight Service Logistics Company
-
Woodside Consulting Group Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.53M
Owner & transaction history
John D Morton · 4 yrs held
John D Morton
since 2022
Last sale
$39.3M
7 recorded transactions
Zoning & alternative use
CC2R · 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
$43,205,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,485,000
6.5%
$20,755,000
7%
$19,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$43,720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$36,945,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$32.53M
Range $29.28M – $35.78M · ±10% · vs last sale $39.31M (Jul 13 2022)
Last sale anchor
$39.31M
Jul 13 2022
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
$905 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$40,098,240
Assessed 2023
Previous assessed
$8,530,210
+370.1% YoY
Assessed land
$21,083,400
Assessed improvement
$19,014,840
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 Lease
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
3
Units
8
Total area
35,950 SF
Lot
0.34 ac (15,001 SF)
Zoning code
CC2R
APN
124-28-050
UPID
US09-2963638
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC2R · Palo Alto, CA
Zoning CC2R · permitted uses
CC2R · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palo Alto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$43.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$36.9M
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
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Units
8
Lot
0.34 ac
Current owner
From public records · entity-resolved
John D Morton
Individual
Mailing address
2343 WEBSTER ST STE BT100, PALO ALTO, CA 94301-4056
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
250 Cambridge LP
—
Deed
related
$25,000,000 · Standard Insurance Co
Jul 13, 2022
—
John D Morton
Mary Ellen White
Intrafamily Transfer
related
—
Jun 21, 2022
—
Peter B Tarlton
Susannah Clare Tarlton
Intrafamily Transfer
related
—
May 27, 2022
—
John Briscoe
Carol E Sayers
Intrafamily Transfer
related
—
May 26, 2022
$39,312,000
250 Cambridge LP
Mark T Andrus
Grant Deed
$36,000,000 · City National Bank
May 24, 2022
—
Mark T Andrus
250 Cambridge Associates LLC
Grant Deed
—
Mar 17, 2022
—
250 Cambridge Associates LLC
—
Deed
related
$950,000 · Avidbank
—
—
250 Cambridge Associates LLC
—
Deed Of Trust
related
$8,200,000 · Principal Life Insurance Co
—
—
250 Cambridge Associates
—
Deed Of Trust
related
$8,600,000 · Principal Life Insurance Co
—
—
250 Cambridge Associates
—
Deed Of Trust
related
$4,500,000 · Principal Mutual Life Ins
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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