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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Retail space
3877 El Camino Real Palo Alto, CA 94306-3336
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2049484
Property summary
AI-generated overview
This exceptional medical office building, located at 3877 El Camino Real in Palo Alto, California, presents a rare opportunity for lease. The property boasts a total of 4,105 square feet, spread across two stories, and is currently fully vacant, offering immediate occupancy. The building is zoned CS and situated in the desirable Santa Clara County, zip code 94306. Two suites are available, with a minimum divisible space of 2,017 square feet and a maximum contiguous space of 2,088 square feet, providing flexibility for various medical practices. Ample parking is provided with 20 spaces available for tenants and their clients. The property's prime location on El Camino Real ensures high visibility and easy access for patients and staff. This is an ideal opportunity for medical professionals seeking a well-maintained, conveniently located space in the heart of Palo Alto. The building's classification as both retail and office space reflects its versatility and potential for a variety of uses within the medical field. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
WOOD
Total area
5,960 SF
Lot
0.75 ac (32,825 SF)
Zoning code
MFCS
APN
132-41-091
UPID
US09-2049484
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.52M
Owner & transaction history
Evergreen Yu LLC · 2 yrs held
Evergreen Yu LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
MFCS · 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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.54M (Jul 17 2024)
Last sale anchor
$1.54M
Jul 17 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
$255 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$18,267,064
Assessed 2023
Previous assessed
$18,267,064
+0.0% YoY
Assessed land
$5,267,064
Assessed improvement
$13,000,000
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
2020
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
3
Units
20
Total area
5,960 SF
Lot
0.75 ac (32,825 SF)
Zoning code
MFCS
APN
132-41-091
UPID
US09-2049484
Jurisdiction
SANTA CLARA
Zoning & alternative use
MFCS · Palo Alto, CA
Zoning MFCS · permitted uses
MFCS · 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
2020
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
20
Lot
0.75 ac
Current owner
From public records · entity-resolved
Evergreen Yu LLC
Entity
Mailing address
9425 TOURNAMENT CYN DR, LAS VEGAS, NV 89144-0821
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
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$1,540,000
Evergreen Yu LLC
Zijin LLC
Grant Deed
—
Jul 17, 2024
$1,540,000
Woodwell Properties LLC
Zijin LLC
Grant Deed
—
Jul 16, 2024
$1,539,000
Woodwell Properties LLC
Zijin LLC
Grant Deed
—
Jul 15, 2024
$1,539,000
Evergreen Yu LLC
Zijin LLC
Grant Deed
—
Jul 9, 2024
$1,539,000
Yrl Investments LLC
Zijin LLC
Grant Deed
—
May 31, 2024
$1,500,000
Wei Lun Huang Allen
Zijin LLC
Grant Deed
—
May 3, 2024
$1,698,000
Lungsheng Chien
Zijin LLC
Grant Deed
—
May 3, 2024
—
Lungsheng Chien
Fangping Pai
Intrafamily Transfer
related
$1,000,000 · Hsbc Bank USA
Mar 28, 2024
—
Zijin LLC
—
Deed
related
$1,605,000 · First Commercial Bank (usa)
Jan 31, 2024
$1,690,000
Rudolph Hsiang Chung Wang
Zijin LLC
Grant Deed
$1,008,000 · Hsbc Bank USA
Jan 4, 2024
$1,670,000
Soo Hyung Park
Zijin LLC
Grant Deed
—
Nov 3, 2023
$1,588,000
Tomoo Kawahara
Zi Ji N LLC
Grant Deed
—
Oct 12, 2023
$2,000,000
Tamae Kaneko
Zijin LLC
Grant Deed
$1,500,000 · Hsbc Bank USA
Sep 1, 2023
$1,950,000
Xiaoyan Xia
Zijin LLC
Grant Deed
—
Sep 1, 2023
—
Xiaoyan Xia
Xie Yin
Intrafamily Transfer
related
—
Aug 25, 2023
$2,000,000
Diane A Mar
Zijin LLC
Grant Deed
$1,050,000 · Hsbc Bank USA
Jul 26, 2023
$1,950,000
Yiwei Chen
Zijin LLC
Grant Deed
—
Sep 30, 2019
—
Zijin LLC
Zijin LLC
Correction Deed
related
—
May 31, 2013
—
Bahram Parineh
Parineh,kristin
Quit Claim Deed
related
—
May 31, 2013
$4,450,000
Zijin LLC
Prineh Living Trust
Grant Deed
—
Dec 27, 2012
—
Guiv Parineh
Parineh Living Trust
Quit Claim Deed
related
—
Oct 3, 2006
—
Parineh Living Trust
Parineh,guiv
Quit Claim Deed
related
—
Mar 16, 2006
—
Guiv Parineh
Parineh,manijeh
Quit Claim Deed
—
Mar 16, 2006
$1,519,000
Charney Stanton M Family Trust
Carriage Investments LLC
Grant Deed
—
Sep 14, 1999
—
Carriage Investments LLC
Charco Ventures LP
Quit Claim Deed
related
—
Jun 1, 1988
$432,000
Lanee Inv Surrey
Charn
Grant Deed
$160,000 · 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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