Entity Owned Property summary
AI-generated overview
Office space located in downtown Palo Alto near downtown amenities and adjacent to the Webster/Cowper Public Parking Garage. The suite is approximately 1,584 square feet and is configured to accommodate office uses such as start-up technology companies and professional service firms. The space includes access to shared building services typical of downtown office facilities, and operating expenses may include janitorial services and utility costs in addition to other standard building charges.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD
Total area
15,000 SF
Lot
0.11 ac (5,001 SF)
Zoning code
CDCP
APN
120-03-032
UPID
US09-2916744
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Employment Agency Business Service Center
-
Law Firm
-
Park
-
Financial Advisor
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.80M
CAP Approach
CAP
$8.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.80M
Owner & transaction history
since 2024
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
CDCP · Palo Alto, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$12.80M
Value range
$11.52M – $14.08M
±10% around blend
Estimated value / SF
$853 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$11.52M
blend $12.80M
$14.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,000 SF
Lot area
0.11 ac
Year built
1982
Stories
3
APN
120-03-032
Zoning
CDCP
Assessed value
$15,281,407
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.66M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.38M
@ 6.5% CAP return
$8.66M
@ 7% CAP return
$8.04M
4
Sales comparison
Partial preview
Sales approach indication
$9.38M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.6 mi away · 10,800 SF
12.0 mi away · 11,857 SF
14.0 mi away · 14,628 SF
24.1 mi away · 11,209 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.80M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$1,195
-29%
Submarket 78 sales
$1,087
-22%
County 804 sales
$594
+44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $853/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
4.40%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.40%
9.0%
NOI (est.)
$896k *
Last sale · Jun 2024
$12.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$20.36M
Move the market yield to see immediate price impact.
Value / SF
$1,358
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.90%4.40%4.90%
$806k
$20.68M
$18.33M
$16.46M
$896k
$22.97M
$20.36M
$18.29M
$986k
$25.27M
$22.40M
$20.11M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$9.50M
2.2 mi · Oct 2025 · $876/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$15,281,407
Assessed 2023
Previous assessed
$15,281,407
+0.0% YoY
Assessed land
$4,490,967
Assessed improvement
$10,790,440
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
3
Total area
15,000 SF
Lot
0.11 ac (5,001 SF)
Zoning code
CDCP
APN
120-03-032
UPID
US09-2916744
Jurisdiction
SANTA CLARA
Zoning & alternative use
CDCP · Palo Alto, CAZoning CDCP · permitted uses
CDCP · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CDCP
Jurisdiction
Palo Alto, CA
Recorded code
CDCP
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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