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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Retail space
375 University Ave Palo Alto, CA 94301-1717
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2616345
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
WOOD FRAME
Total area
7,500 SF
Lot
0.15 ac (6,750 SF)
Zoning code
CDCGP
APN
120-15-043
UPID
US09-2616345
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
-
Visual Comfort & Co. | Palo Alto Showroom (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
RJ Cafe6 Cafe & Coffee Shop
-
Visual Comfort & Co. (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Rapp Development Company LP · 3 yrs held
Rapp Development Company LP
since 2022
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%
$3,375,000
6.5%
$3,115,000
7%
$2,895,000
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$344 / 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
$51,246
Tax year 2024
Assessed value
$3,550,626
Assessed 2024
Previous assessed
$3,550,626
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$194,772
Assessed improvement
$3,355,854
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
1920
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
7,500 SF
Lot
0.15 ac (6,750 SF)
Zoning code
CDCGP
APN
120-15-043
UPID
US09-2616345
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
1920
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Rapp Development Company LP
Entity
Mailing address
265 LYTTON AVE STE #303, PALO ALTO, CA 94301-1488
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 12, 2022
—
Rapp Development Company LP
Rapp Development Company LP
Intrafamily Transfer
related
$12,500,000 · Jpmorgan Chase Bank NA
Aug 14, 2019
—
Rapp Dev Co LP
—
Loan Modification
related
$10,000,000 · City Nat'l Bk
Jun 30, 2009
—
Rapp Dev Co
—
Deed Of Trust
related
$4,500,000 · Liberty Bank
Dec 21, 2005
—
Rapp Dev Co
375 University Partners
Grant Deed
—
Jan 9, 2003
—
375 University Partners LP
Rapp,tr
Grant Deed
related
—
Dec 31, 2002
—
R Rapp
Rapp,tr
Quit Claim Deed
related
—
Sep 11, 2002
—
Rapp,tr
Rapp,tr
Quit Claim Deed
related
$2,500,000 · Bridge Bank NA
Oct 8, 1999
$85,000
Greta L Rzepski
Moore,mark D & Pamella D
Grant Deed
—
Feb 5, 1993
—
Rapp,trust
Rapp,roxy
Quit Claim Deed
related
—
Jan 27, 1993
$247,000
Roxy Rapp
Rapp,l.
Grant Deed
related
—
Jan 22, 1993
—
Louis,rapp Trust
Rapp,roxy Truste
Quit Claim Deed
related
—
Dec 10, 1992
—
Roxy Rapp Trustee
Rapp,l.
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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