Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$55,740,000
Office buildings
2555 Park Blvd Palo Alto, CA 94306-1924
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2520952
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
WOOD
Total area
29,989 SF
Lot
0.33 ac (14,337 SF)
Zoning code
CC2
APN
124-29-011
UPID
US09-2520952
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
-
Rasch David a PhD Physician Medical Clinic
-
Selby Rosemary PHD Physician Medical Clinic
-
Jody Thomas, Ph.D. Physician Medical Clinic
-
Neat Crisis Center Medical Clinic
-
Dr. Carol Slotnick Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$48.57M
Blend (final)
Blend
$55.74M
Owner & transaction history
Alison S Telleen · 2 yrs held
Alison S Telleen
since 2023
Last sale
$58.0M
5 recorded transactions
Zoning & alternative use
CC2 · 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
$58,385,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$36,470,000
Current use
Blend value · Realmo final
$55.74M
Range $50.17M – $61.31M · ±10% · vs last sale $58.00M (Oct 4 2023)
Last sale anchor
$58.00M
Oct 4 2023
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
$1,859 / 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
$520,263
Tax year 2024
Assessed value
$44,200,000
Assessed 2024
Previous assessed
$44,200,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$10,500,000
Assessed improvement
$33,700,000
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
Off-Market
Year built
2018
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
3
Total area
29,989 SF
Lot
0.33 ac (14,337 SF)
Zoning code
CC2
APN
124-29-011
UPID
US09-2520952
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC2 · Palo Alto, CA
Zoning CC2 · permitted uses
CC2 · 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
$36.5M
OFFICE BUILDING Current
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
2018
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.33 ac
Current owner
From public records · entity-resolved
Alison S Telleen
Individual
Free & Clear · 2 yrs held
Mailing address
231 MARKET PL #372, SAN RAMON, CA 94583-4743
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$58,000,000
Alison S Telleen
Kj Park LLC
Grant Deed
—
Oct 28, 2016
—
Kj-park LLC
—
Trustees Deed
related
$18,500,000 · Miscellaneous Ins Co
Aug 1, 2016
$12,400,000
Kj-park LLC
Campbell Avenue Portfolio LLC
Grant Deed
—
Dec 30, 2013
$1,575,000
Campbell Avenue Portfolio LLC
2555 Park Boulevard LLC
Grant Deed
—
Nov 25, 2013
$4,375,000
2555 Park Boulevard LLC
Park Building
Grant Deed
$2,800,000 · Avidbank
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?”
You own 2555 Park Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
