Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$40,390,000
Apartment buildings
2586 Bayshore Rd Palo Alto, CA 94303-3771
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-0491515
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
71,332 SF
Lot
3.36 ac (146,361 SF)
Zoning code
PC175
APN
127-38-017
UPID
US09-0491515
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
$40.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$53.82M
Blend (final)
Blend
$40.39M
Owner & transaction history
Spieker Parker LLC · 1 yrs held
Spieker Parker LLC
since 2024
Last sale
$40.4M
7 recorded transactions
Zoning & alternative use
PC175 · 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
$40,390,000
ML approach
$40,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$37,140,000
Current use
Blend value · Realmo final
$40.39M
Range $36.35M – $44.43M · ±10% · vs last sale $40.39M (Oct 22 2024)
Last sale anchor
$40.39M
Oct 22 2024
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
$566 / 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
$53,621,288
Assessed 2023
Previous assessed
$31,133,514
+72.2% YoY
Assessed land
$38,277,614
Assessed improvement
$15,343,674
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
92
Total area
71,332 SF
Lot
3.36 ac (146,361 SF)
Zoning code
PC175
APN
127-38-017
UPID
US09-0491515
Jurisdiction
SANTA CLARA
Zoning & alternative use
PC175 · Palo Alto, CA
Zoning PC175 · permitted uses
PC175 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.1M
APARTMENT HOUSE (5+ UNITS) 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
1959
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
92
Lot
3.36 ac
Current owner
From public records · entity-resolved
Spieker Parker LLC
Entity
Mailing address
1900 S NORFOLK ST STE #150, SAN MATEO, CA 94403-1161
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$40,389,500
Spieker Parker LLC
Apip 2007 LLC
Grant Deed
—
Aug 10, 2007
—
Apip 2007 LLC
Palo Alto West Investors LLC
Grant Deed
—
Aug 1, 2007
—
Palo Alto West Investors LLC
—
Trustees Deed
related
$6,618,662 · Pnc Arcs LLC
Jun 11, 2007
—
Prometheus Real Estate Grp INC
Palo Alto West Invtrs LLC
Grant Deed
related
—
Feb 10, 2000
—
Palo Alto West Investors LLC
Pa West Associates Gp
Grant Deed
related
—
Jun 21, 1996
—
Mainini & Associates Xx
Pa West Associates
Grant Deed
$4,850,000 · Home Savings Of America
Mar 22, 1991
$135,000
Vincent Rio Rios
Hu,y.&l.
Grant Deed
$121,000 · First California Mortgage Co
Apr 23, 1990
$100,000
Pa West Associat
Troyan-palo Alto
Grant Deed
related
—
Jul 31, 1989
$6,250,000
Arthur Cohn
Equity Preservat
Grant Deed
$4,640,000 · Bankers Mutual
—
—
Apip 2007 LLC
—
Deed Of Trust
related
$15,100,000 · Pnc Arcs LLC
—
—
Palo Alto West Investors LLC
—
Deed Of Trust
related
$6,500,000 · Arcs Commercial Mortgage Co LP
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 2586 Bayshore Rd?
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.
