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Property profile & analytics
OFF-MARKET
Estimated value
$9,350,000
Office buildings
450 Cambridge Ave Palo Alto, CA 94306-1507
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1129738
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
9,167 SF
Lot
0.11 ac (5,008 SF)
Zoning code
CC2
APN
124-32-011
UPID
US09-1129738
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
-
Embarcadero Media Publishing House
-
Palo Alto Online Newspaper & Magazine Television Studio
-
Palo Alto Weekly Publishing House Newspaper & Magazine
-
Mountain View Voice Media Distribution
-
The Almanac Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.61M
Blend (final)
Blend
$9.35M
Owner & transaction history
Tabapay 450 Cambridge LLC · 2 yrs held
Tabapay 450 Cambridge LLC
since 2024
Last sale
$9.4M
5 recorded transactions
Zoning & alternative use
CC2 · 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
$9,350,000
ML approach
$9,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,150,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,420,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$9.35M
Range $8.42M – $10.29M · ±10% · vs last sale $9.35M (Jun 4 2024)
Last sale anchor
$9.35M
Jun 4 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
$1,020 / 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
$73,646
Tax year 2024
Assessed value
$6,174,961
Assessed 2024
Previous assessed
$6,174,961
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,405,839
Assessed improvement
$3,769,122
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
YES
Stories
3
Total area
9,167 SF
Lot
0.11 ac (5,008 SF)
Zoning code
CC2
APN
124-32-011
UPID
US09-1129738
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC2 · Palo Alto, CA
Zoning CC2 · permitted uses
CC2 · 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
OFFICE BUILDING Current
Est. value
$11.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
OFFICE BUILDING Current
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
2009
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Tabapay 450 Cambridge LLC
Entity
Mailing address
605 ELLIS ST STE #110, MOUNTAIN VIEW, CA 94043-2231
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$9,350,000
Tabapay 450 Cambridge LLC
Embarcadero Media
Grant Deed
$5,800,000 · Bank Of America NA
Sep 24, 2014
—
Embarcadero Media
Embarcadero Media
Quit Claim Deed
related
$4,311,528 · Bank Of The West
Dec 9, 2009
$387,500
Embarcadero Media
Baer James E 2003 Trust
Grant Deed
$855,000 · Jean Sloss
Oct 3, 2006
$1,396,000
Baer James E 2003 Trust
Montrouil G W Family Trust
Grant Deed
$1,000,000 · Mid Peninsula Bank
—
—
Baer James E 2003 Trust
—
Deed Of Trust
related
$5,100,000 · Mid Peninsula 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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