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Property profile & analytics
OFF-MARKET
Estimated value
$3,070,000
Retail space
340 University Ave, Palo Alto, CA 94301-1715
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-3143739
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
TILT-UP CONCRETE
Total area
15,030 SF
Lot
0.21 ac (9,250 SF)
Zoning code
CDCGP
APN
120-15-060
UPID
US09-3143739
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
-
Apple Palo Alto Electronics & Wireless Store
-
Apple Experience Store Electronics & Wireless Store
-
Bilge Çocuk Akademi Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$3.07M
Owner & transaction history
Evergreen Post · 16 yrs held
Evergreen Post
since 2009
7 recorded transactions
Zoning & alternative use
CDCGP · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±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
$204 / 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
$222,063
Tax year 2024
Assessed value
$17,370,250
Assessed 2024
Previous assessed
$17,370,250
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,506,552
Assessed improvement
$15,863,698
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
2013
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
15,030 SF
Lot
0.21 ac (9,250 SF)
Zoning code
CDCGP
APN
120-15-060
UPID
US09-3143739
Jurisdiction
SANTA CLARA
Zoning & alternative use
CDCGP · Palo Alto, CA
Zoning CDCGP · permitted uses
CDCGP · 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
2013
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Evergreen Post
Individual
Mailing address
PO BOX 204, PALO ALTO, CA 94302-0204
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
—
Evergreen Post LP
—
Deed
related
$12,200,000 · Silicon Valley Bank
Apr 11, 2019
—
Evergreen Post LP
—
Deed
related
$12,200,000 · Wells Fargo Bank NA
Dec 14, 2009
—
Evergreen Post
Wong Jaime & E H S Trust
Grant Deed
—
Jan 12, 1996
—
Wong Trust
Wong,jaime & Elizabeth H
Quit Claim Deed
related
—
Nov 30, 1995
—
Jaime Wong
340 University Ave Partners LP
Grant Deed
$2,000,000 · Wells Fargo Bank
Aug 31, 1995
—
340 University Avenue Partners
Liddicoat Trust
Grant Deed
related
—
May 11, 1994
—
Thornton Trust
Thornton,kathlee
Quit Claim Deed
related
—
Apr 22, 1991
$112,500
349 University A
Liddicoat,t.&m.
Grant Deed
—
Apr 4, 1991
$449,000
340 University A
Liddicoat,d.
Trustees Deed
$399,000 · Individual
Apr 4, 1991
$113,000
340 University A
Smith,m.
Trustees Deed
$92,000 · Individual
—
—
Evergreen Post LP
—
Deed Of Trust
related
$13,000,000 · Bank Of America
—
—
Wong,tr
—
Deed Of Trust
related
$2,900,000 · First Republic Bank
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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