3000 El Camino Real Palo Alto, CA 94306
- Office buildings
- 24,100 SF
- 15.00 lot acres
Current Use by Public Records
- Morrow Charlene M / Law Firm
- King Wood Inc / Law Firm
- Major, Lindsey & Africa / Employment Agency
- Nautilus Medical / (Bike/Boat/Book/etc) Store / Corporate Office
- Tallman Katherine T / Law Firm
Property Details for 3000 El Camino Real
- Year built
- 1972
- Construction
- TILT-UP CONCRETE
- Lot size
- 15.00 lot acres
- Property size
- 24,100 SF
- Zone code
- PC
- Property type
- Office buildings
- APN
- 142-20-072
- APU
- 14220072
Description
This Class A office building, located at 3000 El Camino Real, Suite 200, in Palo Alto, California (94306), offers a diverse range of workspace solutions. The 9,739 square foot building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. The property is ideally suited for businesses seeking executive office space, coworking arrangements, or creative office environments. It caters to various professional needs, offering both traditional and modern workspace options. The building underwent renovations in 2019 and includes elevators for convenient access. Located in Santa Clara County, this property provides a strategic location in the heart of Palo Alto, offering easy access to major transportation routes and amenities. The flexible space allows for customization, accommodating teams of all sizes, from small startups to larger enterprises. This is an exceptional opportunity to secure prime office space in a thriving Silicon Valley location. The building's modern amenities and flexible lease terms make it an attractive option for businesses seeking a productive and inspiring work environment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $15,070,000
- 6.5%
- $13,915,000
- 7%
- $12,920,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $14,284,000
Market price range: $1.68M - $14.3M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $24,765,000
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Location Insight
- Map
- Local Demand
- City
- Palo Alto
- County
- Santa Clara
- State
- California
- Longitude
- -122.141
- Latitude
- 37.4212
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA