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    Property profile & analytics

    2905 El Camino Real Palo Alto, CA 94306

    • Retail space
    • 6,400 SF
    • 0.33 lot acres
    For Sale
    View listing
    $6,500,000
    Last Sale
    Feb 01, 2022
    $5,650,000
    Value Estimations
    Cap Rate Potential
    3.3%
    Retail space
    Location Intelligence
    Property ID
    US09-2693961
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2905 El Camino Real

    Year built
    1945
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    6,400 SF
    Zone code
    CS
    Property type
    Retail space
    APN
    132-37-033
    APU
    13237033

    Description

    This exceptional 8,571-square-foot warehouse, located at 2905 El Camino Real in Palo Alto, California, presents a unique leasing opportunity. Situated in Santa Clara County, this single-tenant property offers a substantial footprint ideal for various industrial uses. The building is a single-story structure, providing convenient access and efficient workflow. With a total of 8,571 square feet of vacant space, the entire warehouse is readily available for immediate occupancy. Parking is ample, with a 1.75 parking ratio ensuring sufficient spaces for employees and visitors. The property's address is 2905 El Camino Real, Palo Alto, CA 94306, offering excellent visibility and accessibility within a thriving business community. This is a rare opportunity to secure a significant industrial space in a highly desirable location. The property is classified as industrial, with a warehouse subtype, and is ready for immediate lease. The zip code is 94306. The property's geographic coordinates are latitude 37.4227227 and longitude -122.1403164. This presents a compelling opportunity for businesses seeking a substantial and well-located warehouse in the heart of Silicon Valley.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,190,000
      ML approach
      $5,125,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,955,000
      Current use
      OFFICE BUILDING
      $7,785,000
      Change: +31% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,575,000
      Change: +10% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.141
    Latitude
    37.4227
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $5,100,000
    $663,000
    $5,763,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      0.40 Acres

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      RETAIL STORES (PERSONAL SERVICES) • 0.40 Acres
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      View Details
    • Value Estimation by Request

      Palo Alto, CA 94306

      RETAIL STORES (PERSONAL SERVICES)
      Palo Alto, CA 94306
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    • Value Estimation
      $2,940,000
      7,740 SF

      2673 El Camino Real

      RETAIL STORES (PERSONAL SERVICES) • 7,740 SF
      2673 El Camino Real, Palo Alto, CA 94306
      View Details
    • Value Estimation
      $2,000,000
      7,482 SF

      4238 El Camino Real

      RETAIL STORES (PERSONAL SERVICES) • 7,482 SF
      4238 El Camino Real, Palo Alto, CA 94306-4404
      View Details
    • Value Estimation
      $6,365,000
      16,677 SF

      4180 El Camino Real

      RETAIL STORES (PERSONAL SERVICES) • 16,677 SF
      4180 El Camino Real, Palo Alto, CA 94306-4008
      View Details
    • Value Estimation
      $1,575,000
      7,095 SF

      4200 El Camino Real

      RETAIL STORES (PERSONAL SERVICES) • 7,095 SF
      4200 El Camino Real, Palo Alto, CA 94306-4485
      View Details

    Similar Nearby for Sale

    • $8,000,000
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      Palo Alto Retail Investment Opportunity

      High-visibility El Camino Real property with two established retail units.
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      Palo Alto Retail Center

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      Palo Alto Office Space

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      Palo Alto Development Site

      Centrally located development site in Palo Alto with multiple access.
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    • $6,500,000
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      Palo Alto Warehouse For Sale

      8,571 SF warehouse property available in Palo Alto, CA.
      2905 El Camino Real, Palo Alto, CA 94306
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    Similar Nearby for Lease

    • $54 SF/Yr
      2,768 SF

      El Camino Real Retail Building

      Stand-alone retail building with restaurant infrastructure and parking.
      4113 El Camino Real, Palo Alto, CA 94306
      View Details
    • Contact for pricing
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      Retail Space in Palo Alto

      Retail space for rent in excellent Palo Alto location.
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      View Details
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      9,127 SF

      Retail/Gym or Office Space

      Freestanding building with creative open space and abundant natural light.
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    • $3 SF/Yr
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      Palo Alto Retail Space Available

      2,800 SF retail space with parking and high ceilings.
      3960 El Camino Real, Palo Alto, CA 94306
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    • Contact for pricing
      2,017 SF

      Retail Space in Palo Alto

      Retail space available for lease in Palo Alto, CA.
      3875 El Camino Real, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space with Drive-Through Potential

      Retail space in grocery-anchored center with drive-through opportunity.
      2100 El Camino Real, Palo Alto, CA 94306
      View Details
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    Palo Alto, CA 94306
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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