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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Sports & entertainment properties
4161 Alma St Palo Alto, CA 94306-4546
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US10-3071546
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1970
Total area
13,600 SF
Lot
2.12 ac (92,347 SF)
Zoning code
R1B8
APN
147-32-013
UPID
US10-3071546
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
-
Tuesday Night Tango Training Center
-
Spark church Church
-
Nirkoda Le'Chayim: Israeli Dance with Aaron Alpert and Latishya Steele Theater & Performing Art Venue Training Center
-
Congregation Etz Chayim Synagogue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Congregation Etz Chayam · 22 yrs held
Congregation Etz Chayam
since 2004
5 recorded transactions
Zoning & alternative use
R1B8 · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$805,000
+56.8%
Apartment house (5+ units)
$710,000
+38.7%
Industrial (general)
$560,000
+9.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$515,000
Current use
WAREHOUSE, STORAGE
$805,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$560,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$47 / 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
$6,619
Tax year 2024
Assessed value
$9,971,484
Assessed 2024
Previous assessed
$9,971,484
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed land
$7,722,308
Assessed improvement
$2,249,176
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1970
Heating
NONE
Total area
13,600 SF
Lot
2.12 ac (92,347 SF)
Zoning code
R1B8
APN
147-32-013
UPID
US10-3071546
Jurisdiction
SANTA CLARA
Zoning & alternative use
R1B8 · Palo Alto, CA
Zoning R1B8 · permitted uses
R1B8 · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
INDUSTRIAL (GENERAL)
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Heating
NONE
Lot
2.12 ac
Current owner
From public records · entity-resolved
Congregation Etz Chayam
Individual
Mailing address
4161 ALMA ST, PALO ALTO, CA 94306-4546
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
Kehillat Etz Chayim
—
Deed
related
$1,286,942 · First Republic Bank
Apr 2, 2004
—
Congregation Etz Chayam
Mid-peninsula
Grant Deed
$3,965,000 · Private Bank Of The Peninsula
Aug 11, 2003
—
Womens Christian Assoc Young
Young Womens Christian Assoc
Quit Claim Deed
related
—
—
—
Congregation Etz Chayim
—
Deed Of Trust
related
$2,777,000 · First Republic Bank
—
—
Womens Christian Assn Young
—
Deed Of Trust
related
$250,000 · Murphy-gaglisso Trust
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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