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Property profile

540 University Ave Palo Alto, CA 94301

FOR LEASE
Office buildings
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Property ID
US09-2916744
15,000 SF 0.11 ac Built 1982
Last sale Jun 2024·$12,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
540 University Ave, Palo Alto, CA 94301 For Lease 1 / 8
$12,800,000
540 University Ave, Palo Alto, CA 94301
View Listing

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.

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$15.28M
Assessed land$4.49M
Assessed improvement$10.79M

Value estimate

· Nov 2026
$12.80M
$11.52M – $14.08M
AI approach$12.80M
CAP approach$8.66M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,195/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$383 – $1,641

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?
CDCP
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.9
Convenience Store10.5
Barber Shop10.2

Location

540 University Ave Palo Alto, CA 94301
County assessor Recorded deeds · 9 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
472 University, Palo Alto, CA 94301-1812 $1,236,000 Dec 2025 9,300 SF
314 Lytton, Palo Alto, CA 94301-1430 $12,500,000 Jul 2023 8,366 SF
384 University, Palo Alto, CA 94301-1715 $17,225,000 Aug 2022 14,400 SF
431 Waverley, Palo Alto, CA 94301-1719 $36,000,000 Apr 2022 15,599 SF
379 Lytton, Palo Alto, CA 94301-1479 $53,883,500 Feb 2022 34,619 SF
616 Ramona, Palo Alto, CA 94301-2577 $9,900,000 Oct 2021 7,546 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

Comparable nearby

  • Value Estimation
    $5,465,000
    13,301 SF
    100 Frst Ave
    OFFICE BUILDING
    100 Frst Ave, Palo Alto, CA 94301-1612
    View Details
  • Value Estimation
    $6,480,000
    18,000 SF
    533 Cowper St
    OFFICE BUILDING
    533 Cowper St, Palo Alto, CA 94301
    View Details
  • Value Estimation
    $12,475,000
    20,499 SF
    274 University Ave
    OFFICE BUILDING
    274 University Ave, Palo Alto, CA 94301-1713
    View Details
  • Value Estimation
    $12,900,000
    21,151 SF
    255 Lytton Ave, Unit 1
    OFFICE BUILDING
    255 Lytton Ave, Palo Alto, CA 94301-1481
    View Details
  • Value Estimation
    $5,115,000
    9,600 SF
    400 Frst Ave
    OFFICE BUILDING
    400 Frst Ave, Palo Alto, CA 94301-2608
    View Details
  • Value Estimation
    $3,940,000
    9,115 SF
    543 Cowper St
    OFFICE BUILDING
    543 Cowper St, Palo Alto, CA 94301
    View Details

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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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