Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    479 Margarita Ave Palo Alto, CA 94306-2829
    Back to Search
    Property profile & analytics

    479 Margarita Ave, Palo Alto, CA 94306-2829

    View on Map
    • Apartment buildings
    • 3,680 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Jul 17, 2023
    Property ID
    US09-3011854
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 479 Margarita Ave

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Zone code
    RM4
    Property type
    Apartment buildings
    APN
    132-40-056
    APU
    13240056

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2023 — Winnie Tam Au Winnie Tam Au Intrafamily Transfer · related —
    Aug 14, 2020 — Au,winnie T Trust — Deed · related $500k · Bank Of Or
    Jul 21, 2005 — Au Winnie T Trust Umbach Investment Trust Grant Deed $620k · Bank Of The Orient
    Jun 10, 2005 — Umbach Trust Umbach Trust Quit Claim Deed —
    Mar 10, 1998 — Umbach Trust Umbach,walter R & Linda L Quit Claim Deed · related —
    Jan 30, 1997 $748,000 Walter R Umbach Pekurovskaya,asya Grant Deed $220k · World Savings Bank
    Feb 9, 1990 $635,000 Asy Pekurovskaya Starker Services Grant Deed $445k · Bay View Federal Bank
    Sep 20, 1989 $540,000 Glenn Mendell Alisal Land Comp Grant Deed $359k · Bay View Federal Bank
    — — Au,winnie T Trust — Deed Of Trust · related $500k · Bank Of Or

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,165,000
      6.5%
      $1,075,000
      7%
      $1,000,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.134
    Latitude
    37.4196
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $788,104
    $1,077,082
    $1,865,186
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,550,000
      18,075 SF

      2700 Ash St

      APARTMENT HOUSE (5+ UNITS)
      2700 Ash St, Palo Alto, CA 94306-2048
      View Details
    • Value Estimation
      $7,195,000
      24,827 SF

      2650 Birch St

      APARTMENT HOUSE (5+ UNITS)
      2650 Birch St, Palo Alto, CA 94306-2068
      View Details
    • Value Estimation
      $1,835,000
      8,462 SF

      4171 Byron St

      APARTMENT HOUSE (5+ UNITS)
      4171 Byron St, Palo Alto, CA 94306-4735
      View Details
    • Value Estimation
      $800,000
      5,069 SF

      260 College Ave

      APARTMENT HOUSE (5+ UNITS)
      260 College Ave, Palo Alto, CA 94306-1563
      View Details
    • Value Estimation
      $3,875,000
      21,278 SF

      330 Curtner Ave

      APARTMENT HOUSE (5+ UNITS)
      330 Curtner Ave, Palo Alto, CA 94306-3488
      View Details
    • Value Estimation
      $785,000
      4,056 SF

      3028 Emerson St

      APARTMENT HOUSE (5+ UNITS)
      3028 Emerson St, Palo Alto, CA 94306-2357
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,878 SF

      Palo Alto 6-Unit Apartment Building

      Turn-key 6-unit apartment building in prime Palo Alto location.
      220 College Ave, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      31,459 SF

      New Construction Mixed-Use Condos

      New construction mixed-use condos available for bulk purchase.
      4115 El Camino Real, Palo Alto, CA 94306
      View Details
    • Contact for pricing

      Palo Alto Development Site

      Centrally located Palo Alto development site with multiple access points.
      3155 Middlefield Rd, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      10,323 SF

      Palo Alto Retail Center

      Retail center in affluent Palo Alto with strong cash flow.
      2700-2740 Middlefield Rd, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      2,768 SF

      El Camino Real Retail Building

      Stand-alone retail building with restaurant infrastructure and parking.
      4113 El Camino Real, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      10,000 SF

      Palo Alto Commercial Building

      10,000 sq ft building in Palo Alto for sale.
      239 N California Ave, Palo Alto, CA 94306
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Mixed-Use Development Retail Space

      Premier retail and office space in vibrant Palo Alto location.
      388 Cambridge Ave, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      22,000 SF

      Palo Alto Office Space Available

      Office space with extensive glazing and natural light for rent.
      385 Sherman Ave, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      11,192 SF

      Office R&D Space Available

      Office and R&D space for rent on California Avenue.
      777 S California Ave, Palo Alto, CA 94306
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Palo Alto, California Avenue.
      250 Cambridge Ave, Palo Alto, CA 94306
      View Details
    • Contact for pricing

      Palo Alto Office Space Available

      Flexible office space near Caltrain in Palo Alto for rent.
      3197 Park Blvd, Palo Alto, CA 94306
      View Details
    • $6 SF/Yr

      Freestanding Office/Tech/Medical Space Available

      Freestanding office/tech/medical space available March 1, 2023.
      450 Sheridan Ave, Palo Alto, CA 94306
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    479 Margarita Ave
    Palo Alto, CA 94306-2829
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    479 Margarita Ave, Palo Alto, CA, 94306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!