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Property profile & analytics
OFF-MARKET
Estimated value
$10,095,000
Office buildings
616 Ramona St Palo Alto, CA 94301-2577
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0670904
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
TILT-UP CONCRETE
Total area
7,546 SF
Lot
0.12 ac (5,125 SF)
Zoning code
CDCP
APN
120-27-012
UPID
US09-0670904
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
-
Sage Talent Employment Agency
-
systeMacs Inc. IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Easy Living Home Adult Day Care
-
Verdance Landscape Architecture Landscaping (Bike/Boat/Book/etc) Store
-
PHYTunes Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.38M
Blend (final)
Blend
$10.10M
Owner & transaction history
Hamilton Investors LLC · 4 yrs held
Hamilton Investors LLC
since 2021
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
CDCP · 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
$9,960,000
ML approach
$8,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,015,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,755,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$7,570,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$10.10M
Range $9.09M – $11.10M · ±10% · vs last sale $9.90M (Oct 26 2021)
Last sale anchor
$9.90M
Oct 26 2021
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
$1,338 / 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
$129,963
Tax year 2024
Assessed value
$10,299,960
Assessed 2024
Previous assessed
$10,299,960
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$7,199,568
Assessed improvement
$3,100,392
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
7,546 SF
Lot
0.12 ac (5,125 SF)
Zoning code
CDCP
APN
120-27-012
UPID
US09-0670904
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
RETAIL STORES
Est. value
$7.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Hamilton Investors LLC
Entity
Mailing address
664 GILMAN ST, PALO ALTO, CA 94301-2528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
$9,900,000
Hamilton Investors LLC
Rector Properties LLC
Grant Deed
$6,930,000 · Avidbank
Jan 20, 2011
—
Rector Properties LLC
Meyer Family Trust
Grant Deed
—
May 3, 2006
—
Meyer Family Trust
Meyer,michael B & Judith A
Quit Claim Deed
related
—
May 2, 2006
—
Marshall Family Trust
Marshall,james A & Norma L
Quit Claim Deed
related
—
Apr 24, 2006
—
Michael Meyer
Meyer Judith A
Quit Claim Deed
related
—
Jan 6, 2005
—
Judith A Meyer
Rector,doris J
Affidavit Of Death
related
—
May 27, 2003
—
Meyer,michael B Tr
Rector,tr
Grant Deed
related
—
Apr 9, 1999
—
Rector Trust
Rector Trust
Quit Claim Deed
related
—
Dec 15, 1998
—
Judith-ann Meyer
Rector Trust
Grant Deed
related
—
Aug 25, 1998
—
Meyer Trust
Meyer,michael B & Judith A
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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