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Property profile & analytics
OFF-MARKET
Estimated value
$6,905,000
Office buildings
555 College Ave Palo Alto, CA 94306-1433
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3170678
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
WOOD
Total area
8,082 SF
Lot
0.48 ac (20,890 SF)
Zoning code
CN
APN
137-01-069
UPID
US10-3170678
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
Current use
Occupant on record · Public records
-
Resonai Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.28M
CAP Approach
CAP
$4.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.91M
Owner & transaction history
Minority Television Project INC · 2 yrs held
Minority Television Project INC
since 2023
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
CN · 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
Method
Estimation
Statistic approach
$7,145,000
ML approach
$6,275,000
CAP Approach
CAP Return
Estimation
6%
$5,055,000
6.5%
$4,665,000
7%
$4,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,830,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,305,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.91M
Range $6.21M – $7.60M · ±10% · vs last sale $7.10M (Dec 20 2023)
Last sale anchor
$7.10M
Dec 20 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$854 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$84,759
Tax year 2024
Assessed value
$7,100,000
Assessed 2024
Previous assessed
$7,100,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,950,000
Assessed improvement
$1,150,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
2
Total area
8,082 SF
Lot
0.48 ac (20,890 SF)
Zoning code
CN
APN
137-01-069
UPID
US10-3170678
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · Palo Alto, CA
Zoning CN · permitted uses
CN · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palo Alto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Minority Television Project INC
Entity
Mailing address
135 UNIVERSITY AVE, PALO ALTO, CA 94301-1687
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$7,100,000
Minority Television Project INC
Orchid Partners LP
Grant Deed
—
Nov 24, 2020
—
Orchid Partners LP
—
Deed
related
$5,000,000 · Bank Of The West
Apr 19, 2017
—
Orchid Partners LP
—
Deed
related
$3,500,000 · Bank Of The West
Dec 27, 2013
$5,250,000
Orchid Partners LP
Asilomar Partners Palo Alto Ll
Grant Deed
$2,730,000 · Bank Of The West
Jun 13, 2012
$4,400,000
Asilomar Ptrs Palo Alto LLC
555 College Avenue LLC
Grant Deed
—
Apr 1, 2005
—
555 College Avenue LLC
Cashin Bonnie A 2001 Trust
Grant Deed
—
Apr 13, 2004
—
Bonnie A Cashin
Englert,tr
Grant Deed
related
—
Mar 21, 2003
—
Cashin,tr
Palo Alto College Ave Partners
Grant Deed
related
$2,000,000 · Mid Peninsula Bank
Jul 27, 2000
—
Palo Alto College Avenue Partn
—
Grant Deed
related
$2,850,000 · Mid Peninsula Bank
Dec 15, 1999
$2,028,000
Palo Alto College Ave Partners
Lords Grace Christian Church
Grant Deed
$1,550,000 · Mid Peninsula Bank
Nov 16, 1998
—
Grace Christian Church Lord's
Lord's Grace Church
Quit Claim Deed
related
$1,400,000 · United Commercial Bank
Mar 22, 1988
$1,200,000
Lords Grace
E Mai
Grant Deed
$500,000 · Individual
—
—
Orchid Partners LP
—
Loan Modification
related
$5,000,000 · Bank Of The West
—
—
Cashin,tr
—
Deed Of Trust
related
$2,050,000 · General Electric Capital Busin
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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