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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
3457 El Camino Real Palo Alto, CA 94306-2805
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2953072
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
TILT-UP CONCRETE
Total area
3,840 SF
Lot
0.15 ac (6,543 SF)
Zoning code
CN
APN
132-39-077
UPID
US09-2953072
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
-
CC Restaurant Supply Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Lappe,alexander 2019 Trust · 6 yrs held
Lappe,alexander 2019 Trust
since 2019
7 recorded transactions
Zoning & alternative use
CN · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CN neighborhood commercial district is intended to create and maintain neighborhood shopping areas primarily accommodating retail sales, personal service, eating and drinking, and office uses of moderate size serving the immediate neighborhood, under regulations that will assure maximum compatibility with surrounding residential areas
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
52.21 ac
Source
Realmo
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
$270 / 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
$2,913
Tax year 2024
Assessed value
$151,698
Assessed 2024
Previous assessed
$151,698
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$71,768
Assessed improvement
$79,930
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,840 SF
Lot
0.15 ac (6,543 SF)
Zoning code
CN
APN
132-39-077
UPID
US09-2953072
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · Palo Alto, CAZoning 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
Zoning description
The CN neighborhood commercial district is intended to create and maintain neighborhood shopping areas primarily accommodating retail sales, personal service, eating and drinking, and office uses of moderate size serving the immediate neighborhood, under regulations that will assure maximum compatibility with surrounding residential areas
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
52.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Lappe,alexander 2019 Trust
Trust
Free & Clear · 6 yrs held
Mailing address
538 RAMONA ST, PALO ALTO, CA 94301-1709
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2019
—
Lappe,alexander 2019 Trust
Lappe A & Kadas K Trust
Quit Claim Deed
related
—
Jan 26, 2015
—
Lappe,a & Kadas K Trust
Lappe A & Kadas K Trust
Quit Claim Deed
related
—
Dec 5, 2014
—
Lappe,a & Kadas K Trust
Lappe A Living Trust
Quit Claim Deed
related
—
Oct 15, 2009
—
Lappe Alexander & K K Trust
Lappe A Living Trust
Quit Claim Deed
related
—
Oct 14, 2009
—
Alexander Lappe
Kadas,klara
Quit Claim Deed
related
—
Jun 2, 2005
—
Lappe Alexander Trust
Lappe,alexander
Quit Claim Deed
related
—
Jan 18, 2005
—
Alexander Lappe
Lappe,katherine
Quit Claim Deed
related
—
Jun 29, 1998
—
Lappe Trust
Lappe,alexander & Katherine
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.
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