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Property profile & analytics
OFF-MARKET
Estimated value
$3,485,000
Industrial properties
4035 Transport St Palo Alto, CA 94303-4914
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2621918
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1958
Construction
TILT-UP CONCRETE
Total area
7,000 SF
Lot
0.24 ac (10,500 SF)
Zoning code
GM
APN
147-01-073
UPID
US09-2621918
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
-
Transport St Dumpster Rental Palo Alto General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$3.49M
Owner & transaction history
Transport Fields LLC · 3 yrs held
Transport Fields LLC
since 2022
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
GM · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.6M
+58.6%
Warehouse, storage
$2.5M
+8.3%
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
$3,430,000
ML approach
$3,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,300,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,645,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,490,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.49M
Range $3.14M – $3.83M · ±10% · vs last sale $3.60M (Aug 26 2022)
Last sale anchor
$3.60M
Aug 26 2022
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
$498 / 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
$44,340
Tax year 2024
Assessed value
$3,672,000
Assessed 2024
Previous assessed
$3,672,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,958,000
Assessed improvement
$714,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
7,000 SF
Lot
0.24 ac (10,500 SF)
Zoning code
GM
APN
147-01-073
UPID
US09-2621918
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Transport Fields LLC
Entity
Mailing address
2390 EL CAMINO REAL STE #210, PALO ALTO, CA 94306-1437
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2022
$3,600,000
Transport Fields LLC
Victor F Klee
Grant Deed
$2,100,000 · Heritage Bank Of Commerce
May 19, 2020
—
Morgan S Klee
Survivors Klee Trust
Quit Claim Deed
related
—
Jun 5, 2019
—
Klee Survivors Trust
Klee Family Trust
Quit Claim Deed
related
—
Jul 14, 2017
—
Stephen M Klee
Klee,joann C
Affidavit Of Death
related
—
Oct 11, 2011
$1,150,000
Klee Family Trust
Silverberg E C Living Trust
Grant Deed
—
—
—
Silberberg,tr
—
Deed Of Trust
related
$500,000 · East West Bank
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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