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Property profile & analytics
OFF-MARKET
Estimated value
$4,450,000
Office buildings
3401 El Camino Real Palo Alto, CA 94306-2805
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2939926
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Total area
4,200 SF
Lot
0.21 ac (9,046 SF)
Zoning code
CN
APN
132-39-079
UPID
US09-2939926
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
-
InnoSpring Inc. Coworking & Hybrid Office
-
Teresa Dupree Dental Dental Office
-
Palo Garage Door Repair Building Supply General Contractor
-
Scott Standley L Physician
-
Two Decades Academy Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.45M
Owner & transaction history
Opus 3401 Holding LLC · 1 yrs held
Opus 3401 Holding LLC
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
CN · 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
$4,450,000
ML approach
$4,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,315,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.45M
Range $4.01M – $4.90M · ±10% · vs last sale $4.45M (Oct 18 2024)
Last sale anchor
$4.45M
Oct 18 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
$1,060 / 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
$54,303
Tax year 2024
Assessed value
$4,526,278
Assessed 2024
Previous assessed
$4,526,278
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,150,987
Assessed improvement
$1,375,291
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
1938
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
4,200 SF
Lot
0.21 ac (9,046 SF)
Zoning code
CN
APN
132-39-079
UPID
US09-2939926
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · Palo Alto, CA
Zoning CN · permitted uses
CN · 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
OFFICE BUILDING Current
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
OFFICE BUILDING Current
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
1938
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Opus 3401 Holding LLC
Entity
Mailing address
3401 EL CAMINO REAL, PALO ALTO, CA 94306-2805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Opus 3401 Holding LLC
Opus 3401 Holding LLC
Grant Deed
related
$3,300,000 · City National Bank
Oct 18, 2024
$4,450,000
Opus 3401 Holding LLC
Innospring Pa Investment LLC
Grant Deed
—
May 31, 2016
$3,900,000
Innospring Pa Investment LLC
Rizza Joseph E Trust
Grant Deed
—
Aug 31, 2011
—
Rizza Joseph E Trust
Rizza,joseph E
Quit Claim Deed
related
—
Mar 15, 2011
—
Joseph E Rizza
Rizza Trust
Quit Claim Deed
related
—
Aug 17, 1998
—
Rizza Trust
Rizza,joseph E & Diana S
Quit Claim Deed
related
$1,114,900 · Heller First Capital
May 27, 1998
$895,000
Joseph E Rizza
Lundt Trust
Grant Deed
$734,100 · Heller Financial
—
—
Rizza,joseph E Trust
—
Deed Of Trust
related
$500,000 · Sterk Investments INC Sterk Investments INC
—
—
Rizza,joseph E Trust
—
Deed Of Trust
related
$250,000 · Jay & Janet Garcia
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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