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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    645 High St Palo Alto, CA 94301-1626

    • Office buildings
    • 6,725 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $2,385,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2160010
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Princeton Review / Tutoring Service
    • IdentityMind / Software Company
    • Veetle / Software Company

    Property Details for 645 High St

    Year built
    1981
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Property size
    6,725 SF
    Zone code
    CDC
    Property type
    Office buildings
    APN
    120-61-023
    APU
    12061023

    Description

    This exceptional office property at 645 High Street in Palo Alto, California offers a rare opportunity to lease flexible and modern workspace. Located in Santa Clara County, zip code 94303, this Class B building boasts a total of 2,692 square feet, currently entirely vacant and available for immediate occupancy. The space is adaptable to various business needs, catering to both executive office and creative office requirements. Multiple tenancy options are available, with a minimum divisible space of 808 square feet and a maximum contiguous space of 1,884 square feet. This presents a unique chance for businesses seeking a prestigious address in the heart of Palo Alto to secure a space perfectly tailored to their size and operational needs. The property's location offers easy access to major transportation routes and a wealth of amenities, making it an ideal choice for companies seeking a vibrant and productive work environment. The building's traditional style blends seamlessly with the modern functionality of the interior spaces, creating a sophisticated and welcoming atmosphere. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional Palo Alto location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.161
    Latitude
    37.4431
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $1,213,325
    $1,453,977
    $2,667,302
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      165 University Ave

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      View Details
    • Value Estimation
      $3,620,000
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      408 University Ave

      OFFICE BUILDING • 10,973 SF
      408 University Ave, Palo Alto, CA 94301
      View Details
    • Value Estimation
      $8,300,000
      15,799 SF

      317 University Ave

      OFFICE BUILDING • 15,799 SF
      317 University Ave, Palo Alto, CA 94301-1751
      View Details
    • Value Estimation
      $825,000
      1,043 SF

      164 Hamilton Ave, Unit 1

      OFFICE BUILDING • 1,043 SF
      164 Hamilton Ave, Palo Alto, CA 94301-1618
      View Details
    • Value Estimation
      $920,000
      2,550 SF

      247 High St

      OFFICE BUILDING • 2,550 SF
      247 High St, Palo Alto, CA 94301-1041
      View Details
    • Value Estimation
      $15,695,000
      32,253 SF

      325 Lytton Ave

      OFFICE BUILDING • 32,253 SF
      325 Lytton Ave, Palo Alto, CA 94301-1446
      View Details

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    645 High St
    Palo Alto, CA 94301-1626
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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