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Property profile & analytics
OFF-MARKET
Assisted living facilities
475 Sheridan Ave Palo Alto, CA 94306
Entity Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2954665
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1949
Total area
2,029 SF
Lot
0.94 ac (41,029 SF)
Zoning code
RM5
APN
132-36-087
UPID
US09-2954665
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Morris Page Mill LLC · 27 yrs held
Morris Page Mill LLC
since 1998
6 recorded transactions
Zoning & alternative use
RM5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Assessed value
$27,812,000
Assessed 2023
Previous assessed
$26,964,000
+3.1% YoY
Assessed land
$6,138,738
Assessed improvement
$21,673,262
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1949
Heating
NONE
Stories
1
Total area
2,029 SF
Lot
0.94 ac (41,029 SF)
Zoning code
RM5
APN
132-36-087
UPID
US09-2954665
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM5 · Palo Alto, CAZoning RM5 · permitted uses
RM5 · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1949
Heating
NONE
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Morris Page Mill LLC
Entity
Free & Clear · 27 yrs held
Mailing address
7902 WESTPARK DR, MCLEAN, VA 22102-4202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
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
Feb 19, 2019
—
Welltower Propco Grp Borrower
—
Deed
related
$238,250,000 · Cbre Multifamily Cap
Oct 18, 2011
—
Palo Alto Senior Li Clpsun III
—
Deed Of Trust
related
$17,560,300 · Prudential Insurance Co
Jun 4, 2010
—
Palo Alto Seniior Livin Morsun
—
Grant Deed
related
$20,000,000 · Capmark Bank
Feb 10, 2005
—
Palo Alto Senior Living Morsun
—
Deed Of Trust
related
$20,000,000 · Gmac Commercial Mortgage Bank
Dec 4, 1998
$2,045,500
Morris Page Mill LLC
Wang,sophia L
Grant Deed
—
—
—
Welltower Propco Grp Borrower
—
Deed Of Trust
related
$238,250,000 · Cbre Multifamily Cap
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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