Realmo Analytics

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Property profile

490 California Ave Palo Alto, CA 94306

FOR LEASE
Office buildings
Property ID
US09-1256833
24,738 SF 0.33 ac lot Built 1984
Last sale Sep 2025 · $14,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 52,949-square-foot office and R&D building in Palo Alto, California, presents a unique opportunity. Located at 490 California Avenue, near El Camino Real, this four-story, 1984-built property sits on a 0.25-acre lot and offers a flexible, multi-tenant layout with 52,949 square feet currently vacant. The building features 1 dock-high door, 2 drive-ins, and ample parking for 2.6 cars per space. Interior features include a 19'6" slab-to-slab height on the first floor and 13'6"…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$34.72M
Assessed land$15.53M
Assessed improvement$19.19M

Value estimate

· Oct 2026
$17.38M
$15.64M – $19.11M
CAP approach$14.28M
Submarket $/SF estimate$14.19M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,216/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$800 – $1,620

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CC2RP
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store14.3
Pharmacy14.0
Auto Parts Store12.4

Location

490 California Ave Palo Alto, CA 94306
County assessor Recorded deeds · 16 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
450 Cambridge, Palo Alto, CA 94306-1507 $9,350,000 Jun 2024 9,167 SF
555 College, Palo Alto, CA 94306-1433 $7,100,000 Dec 2023 8,082 SF
2555 Park, Palo Alto, CA 94306-1924 $58,000,000 Oct 2023 29,989 SF
425 Sherman, Palo Alto, CA 94306-1823 $972,000 Aug 2023 26,838 SF
250 Cambridge, Palo Alto, CA 94306-1549 $39,312,000 Jul 2022 35,950 SF
441 California, Palo Alto, CA 94306-1847 $200,000 Jun 2022 8,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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