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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Sports & entertainment properties
3127 El Camino Real Palo Alto, CA 94306-2208
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5115410
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1955
Total area
7,525 SF
Lot
1.6 ac (69,837 SF)
Zoning code
CS
APN
132-38-070
UPID
US09-5115410
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
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$525k
Owner & transaction history
Portage Avenue Portfolio LLC · 14 yrs held
Portage Avenue Portfolio LLC
since 2012
5 recorded transactions
Zoning & alternative use
CS · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$860,000
+202.6%
Warehouse, storage
$445,000
+56.8%
Apartment house (5+ units)
$395,000
+38.7%
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
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$860,000
Change: +203% · Conversion: Difficult
WAREHOUSE, STORAGE
$445,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$395,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$70 / 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
$422,254
Tax year 2024
Assessed value
$35,761,972
Assessed 2024
Previous assessed
$35,761,972
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$35,676,354
Assessed improvement
$85,618
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1955
Heating
NONE
Stories
1
Units
1
Total area
7,525 SF
Lot
1.6 ac (69,837 SF)
Zoning code
CS
APN
132-38-070
UPID
US09-5115410
Jurisdiction
SANTA CLARA
Zoning & alternative use
CS · Palo Alto, CA
Zoning CS · permitted uses
CS · 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
RETAIL STORES
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$445,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$395,000
RETAIL STORES
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1955
Heating
NONE
Stories
1
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Portage Avenue Portfolio LLC
Entity
Mailing address
1530 OBRIEN DR STE C, MENLO PARK, CA 94025-1454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jun 15, 2012
—
Portage Avenue Portfolio LLC
Silva Family Investments
Trustees Deed
$21,850,000 · Pfp Holding Co III LLC
Dec 6, 2011
—
Silva Family Investments
Silva Family Investments
Quit Claim Deed
related
—
Jan 26, 2006
—
Barsotti Family Trust
Barsotti Family Trust B
Quit Claim Deed
related
—
Mar 7, 2005
—
Garrett,james B
Garrett,bernice L
Affidavit Of Death
related
—
—
—
Silva Family Investments
—
Deed Of Trust
related
$16,000,000 · Miscellaneous Ins Co
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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