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Property profile & analytics
OFF-MARKET
Office buildings
652 Frst Ave Palo Alto, CA 94301-2622
Individually Owned
3-yr Hold
Property ID
US09-2993590
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1911
Construction
WOOD
Total area
2,910 SF
Lot
0.23 ac (10,000 SF)
Zoning code
RM2
APN
120-04-048
UPID
US09-2993590
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
-
John Murphy Foster Care Service Social Service Agency
-
Shin Kwan Park Physician Medical Clinic
-
Christian Thomas Physician Medical Clinic
-
Janice Cheng Physician Medical Clinic
-
Ronald Allen Pier Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Momentum For Health · 3 yrs held
Momentum For Health
since 2023
Last sale
$361,000
5 recorded transactions
Zoning & alternative use
RM2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$290
Tax year 2024
Assessed value
$934,804
Assessed 2024
Previous assessed
$934,804
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$467,402
Assessed improvement
$467,402
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
1911
Construction
WOOD
Heating
YES
Stories
2
Rooms
9
Bathrooms
3
Total area
2,910 SF
Lot
0.23 ac (10,000 SF)
Zoning code
RM2
APN
120-04-048
UPID
US09-2993590
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM2 · Palo Alto, CA
Zoning RM2 · permitted uses
RM2 · 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
1911
Construction
WOOD
Heating
YES
Stories
2
Rooms
9
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Momentum For Health
Individual
Mailing address
1922 THE ALAMEDA, SAN JOSE, CA 95126-1457
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
—
Momentum For Health
Momentum For Health
Intrafamily Transfer
related
$3,000,000 · First Republic Bank
Dec 23, 1992
$361,000
Miramonte Mental Health Services
Abag Finance Aut
Grant Deed
—
—
—
Miramonte Mental
—
Deed Of Trust
related
$500,000 · Mid Peninsula Bank
—
—
Alliance For Community Care
—
Deed Of Trust
related
$970,383 · San Jose City (ca)
—
—
Alliance For Community Care
—
Deed Of Trust
related
$10,500,000 · California Health Facilities
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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