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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Office buildings
3239 El Camino Real Palo Alto, CA 94306-2210
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0670908
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
WOOD
Total area
8,288 SF
Lot
0.23 ac (9,986 SF)
Zoning code
CS
APN
132-38-022
UPID
US09-0670908
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
-
Tutu LLC Art Studio Artistic Handicrafts
-
The Function Chiropractic & Wellness Palo Alto Alternative Medicine Practice
-
Curetech Electronics ( iPhone, iPad, Mac, PC, and Game Consoles Repair and Sales) Electronics & Wireless Store Computer & Electronic Repair
-
Curetech Electronics ( iPhone, iPad, Mac, PC repair and Sales) Electronics & Wireless Store Computer & Electronic Repair
-
tootoo studio Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
Double J & K LLC · 15 yrs held
Double J & K LLC
since 2010
7 recorded transactions
Zoning & alternative use
CS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$390 / 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
$25,537
Tax year 2024
Assessed value
$2,076,659
Assessed 2024
Previous assessed
$2,076,659
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,071,824
Assessed improvement
$1,004,835
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
3
Units
1
Total area
8,288 SF
Lot
0.23 ac (9,986 SF)
Zoning code
CS
APN
132-38-022
UPID
US09-0670908
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.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Double J & K LLC
Entity
Mailing address
1940 BYRON ST, PALO ALTO, CA 94301-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
Double J & K LLC
—
Deed
related
$1,230,000 · East West Bank
Nov 8, 2016
—
Double J & K LLC
—
Deed
related
$950,000 · National Association
Dec 13, 2010
—
Double J & K LLC
Owner Name Unavailable
Grant Deed
related
—
Jun 23, 2009
—
Chien J C & K H Family Trust
Chien,jung C & Kan-hui
Quit Claim Deed
related
—
Feb 1, 2006
$400,000
Double J & K LLC
Chien,jung C
Grant Deed
—
Sep 30, 1999
$882,000
Jung C Chien
Hart Trust
Grant Deed
—
Jun 12, 1995
—
Hart Trust
Hart,james L & Elizabeth A
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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