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Property profile & analytics
OFF-MARKET
Estimated value
$8,300,000
Retail space
3290 Park Blvd Palo Alto, CA 94306-2234
Trust Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1130025
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
WOOD
Total area
7,200 SF
Lot
0.67 ac (29,230 SF)
Zoning code
CS
APN
132-38-057
UPID
US09-1130025
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
$8.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.56M
Blend (final)
Blend
$8.30M
Owner & transaction history
Cresset Trust Company LLC · 2 yrs held
Cresset Trust Company LLC
since 2024
Last sale
$8.3M
5 recorded transactions
Zoning & alternative use
CS · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+30.8%
Neighborhood: shopping center
$7.4M
+10.5%
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
$8,300,000
ML approach
$8,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,695,000
Current use
OFFICE BUILDING
$8,755,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,400,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$8.30M
Range $7.47M – $9.13M · ±10% · vs last sale $8.30M (Apr 8 2024)
Last sale anchor
$8.30M
Apr 8 2024
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
$1,153 / 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
$56,014
Tax year 2024
Assessed value
$4,642,338
Assessed 2024
Previous assessed
$4,642,338
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$4,236,137
Assessed improvement
$406,201
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
7,200 SF
Lot
0.67 ac (29,230 SF)
Zoning code
CS
APN
132-38-057
UPID
US09-1130025
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 Current
Est. value
$6.7M
OFFICE BUILDING
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
RETAIL STORES Current
OFFICE BUILDING
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
1974
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Cresset Trust Company LLC
Trust
Free & Clear · 2 yrs held
Mailing address
212 S MAIN AVE #131, SIOUX FALLS, SD 57104-6310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 8, 2024
$8,300,000
Cresset Trust Company LLC
Sharon C Rupp
Grant Deed
—
Jul 31, 2015
$4,000,000
Sharon C Rupp
Ursula Van Kempen
Grant Deed
$2,000,000 · Wells Fargo Bank NA
Jun 9, 1999
—
Van Kempen Trust
Van Kempen,karl & Ursula
Quit Claim Deed
related
—
May 25, 1999
$1,100,000
Karl Van Kempen
Karo Co
Grant Deed
—
—
—
Ursula Vankempen
—
Deed Of Trust
related
$250,000 · Bank Of America
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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