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Property profile & analytics
OFF-MARKET
Estimated value
$8,400,000
Life science properties
3960 Fabian Way Palo Alto, CA 94303-4605
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1128878
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1962
Construction
TILT-UP CONCRETE
Total area
12,000 SF
Lot
1.34 ac (58,238 SF)
Zoning code
GM
APN
127-37-029
UPID
US09-1128878
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
-
Chambers Co. Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.29M
Blend (final)
Blend
$8.40M
Owner & transaction history
FABIAN WAY OWNER LLC · 6 yrs held
FABIAN WAY OWNER LLC
since 2020
Last sale
$7.8M
1 recorded transaction
Zoning & alternative use
GM · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.1M
+90.4%
Neighborhood: shopping center
$12.3M
+79.9%
Retail stores
$12.0M
+75.7%
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
$8,845,000
ML approach
$9,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$6,855,000
Current use
OFFICE BUILDING
$13,050,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,330,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$12,040,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,250,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$8.40M
Range $7.56M – $9.24M · ±10% · vs last sale $7.83M (Dec 23 2020)
Last sale anchor
$7.83M
Dec 23 2020
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
$700 / 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
$197,117
Tax year 2024
Assessed value
$16,607,905
Assessed 2024
Previous assessed
$16,607,905
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$12,352,461
Assessed improvement
$4,255,444
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
12,000 SF
Lot
1.34 ac (58,238 SF)
Zoning code
GM
APN
127-37-029
UPID
US09-1128878
Jurisdiction
SANTA CLARA
Zoning & alternative use
GM · Palo Alto, CA
Zoning GM · permitted uses
GM · 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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.3M
RETAIL STORES
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
FABIAN WAY OWNER LLC
Entity
Free & Clear · 6 yrs held
Mailing address
180 SUTTER ST #400, SAN FRANCISCO, CA 94104-4007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$7,825,000
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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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