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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Office buildings
300 State St Los Altos, CA 94022-2815
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2921855
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Construction
WOOD
Total area
4,782 SF
Lot
0.12 ac (5,073 SF)
Zoning code
CRS
APN
167-39-033
UPID
US09-2921855
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
-
Right On! Refillery Specialty Food Shop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.18M
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$4.15M
Owner & transaction history
Profico State LLC · 3 yrs held
Profico State LLC
since 2022
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
CRS · Los Altos, 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 Los Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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
$4,230,000
ML approach
$4,175,000
CAP Approach
CAP Return
Estimation
6%
$2,990,000
6.5%
$2,760,000
7%
$2,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,745,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,915,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $3.85M (Aug 15 2022)
Last sale anchor
$3.85M
Aug 15 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
$868 / 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
$3,850,000
Assessed 2023
Previous assessed
$4,572,624
-15.8% YoY
Assessed land
$3,300,000
Assessed improvement
$550,000
Applied tax rate
11.0000
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
1951
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,782 SF
Lot
0.12 ac (5,073 SF)
Zoning code
CRS
APN
167-39-033
UPID
US09-2921855
Jurisdiction
SANTA CLARA
Zoning & alternative use
CRS · Los Altos, CA
Zoning CRS · permitted uses
CRS · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
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
1951
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Profico State LLC
Entity
Mailing address
2428 OAKDALE RD, HILLSBOROUGH, CA 94010-6143
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
$3,850,000
Profico State LLC
Coin Du Rue LLC
Grant Deed
$1,850,000 · Shanghai Commercial Bank
Aug 10, 2018
$4,350,000
Coin Du Rue LLC
John Kessler
Grant Deed
—
Aug 10, 2018
—
Mcbirney Exemption Trust
Mcbirney Living Trust
Quit Claim Deed
related
—
Feb 15, 2012
—
Mcbirney Living Trust
Mcbirney Living Trust
Quit Claim Deed
related
—
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.
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