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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Office buildings
575 Middlefield Rd Palo Alto, CA 94301-2150
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0913033
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
WOOD
Total area
4,470 SF
Lot
0.29 ac (12,500 SF)
Zoning code
RM3
APN
003-02-043
UPID
US09-0913033
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
-
Striim (Bike/Boat/Book/etc) Store Corporate Office
-
Murphy Colleen Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Man Fong Lin · 3 yrs held
Man Fong Lin
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
RM3 · 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
$990,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $900k (Jul 27 2022)
Last sale anchor
$900k
Jul 27 2022
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
$220 / 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
$28,765
Tax year 2024
Assessed value
$2,349,393
Assessed 2024
Previous assessed
$2,349,393
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,660,987
Assessed improvement
$688,406
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
1963
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
10
Total area
4,470 SF
Lot
0.29 ac (12,500 SF)
Zoning code
RM3
APN
003-02-043
UPID
US09-0913033
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM3 · Palo Alto, CA
Zoning RM3 · permitted uses
RM3 · 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.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
10
Lot
0.29 ac
Current owner
From public records · entity-resolved
Man Fong Lin
Individual
Free & Clear · 3 yrs held
Mailing address
6197 MCABEE RD, SAN JOSE, CA 95120-3941
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Man Fong Lin
Mon Fong Walsh
Intrafamily Transfer
related
—
Jan 25, 2013
—
Fong Lin M Trust
Lin,mon F
Quit Claim Deed
related
—
Feb 23, 2009
—
Mon F Lin
Walsh,april L
Quit Claim Deed
related
—
Feb 10, 1999
$25,000
Mon F Lin
Walsh,april L
Grant Deed
related
—
Jan 14, 1997
—
April L Walsh
Walsh,april L
Quit Claim Deed
related
—
Jul 20, 1994
$900,000
April L Walsh
Giovannotto,salv
Grant Deed
—
—
—
Giovannotto S.
—
Deed Of Trust
related
$500,000 · University Bank
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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