401 Lambert Ave Palo Alto, CA 94306
- Office buildings
- 3,055 SF
- 0.13 lot acres
Current Use by Public Records
- Fujimoto Karen G / Physical Therapist / Physical Therapy Clinic
Property Details for 401 Lambert Ave
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 3,055 SF
- Zone code
- CS
- Property type
- Office buildings
- APN
- 132-39-018
- APU
- 13239018
Description
This exceptional free-standing office building, totaling 3,055 square feet, enjoys a coveted location just one block from El Camino Real. The property features a secure gated parking lot with 12 covered spaces, supplemented by ample street parking. Its versatile design suits a variety of commercial uses, including medical offices, professional services, technology firms, and educational institutions. The entire second floor comprises the office space, currently configured as an open floor plan with a private office, break room, two ADA-compliant bathrooms, and a shower room. Modern amenities include luxury vinyl plank (LVP) flooring throughout, central air conditioning and heating, and wrap-around balconies offering picturesque views of J. Boulware Park. The building is conveniently served by its own elevator. Its strategic location provides easy access to major thoroughfares like Highway 280 via Page Mill Road and Highway 101 via the Oregon Expressway, placing it in close proximity to prominent tech companies. Low net-net-net (NNN) expenses are estimated at $0.41 per square foot per month. This is a rare opportunity to acquire a well-maintained, highly functional office building in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $550,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $565,000
- Mixed-Use
- $560,000
- Hospitality
- $615,000
- Educational
- $575,000
- Residential Income
- $505,000
- Energy
- $610,000
- Income-Based Land
- $540,000
- Food Service
- $475,000
Location Insight
- Map
- Local Demand
- City
- Palo Alto
- County
- Santa Clara
- State
- California
- Longitude
- -122.136
- Latitude
- 37.4217
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA