Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    655 Scofield Ave East Palo Alto, CA 94303-2347
    Back to Search
    Property profile & analytics

    655 Scofield Ave, East Palo Alto, CA 94303-2347

    View on Map
    • Parking lots & garages
    • 2,340 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US10-3133487
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 655 Scofield Ave

    Year built
    1951
    Lot size
    0.09 lot acres
    Property type
    Parking lots & garages
    APN
    063-484-010
    APU
    63484010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 2, 2023 — Woodland Park Property Owner LLC — Deed · related $165M · Ocbc Bank
    Dec 5, 2016 — Woodland Park Property Owner L — Deed · related $220.8M · Greystone Svcg
    Feb 23, 2016 $559,000 Woodland Park Property Owner L Eqr-woodland Park B LP Grant Deed —
    Mar 4, 2010 $420,239 Redus Woodland LLC First American Title Ins Trustees Deed · related —
    Jan 4, 2007 $800,000 655 Scofield LLC Rockhill Family Trust 2004 Grant Deed —
    Jan 4, 2007 — Nancy J Rockhill Rockhill,sandra T Affidavit Of Death · related —
    Dec 17, 2004 — Rockhill 2004 Trust Rockhill,gordon L & Nancy Quit Claim Deed · related —
    — — Woodland Park Property Owner L — Deed Of Trust · related $220.8M · Greystone Svcg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    East Palo Alto
    County
    San Mateo
    State
    California
    Longitude
    -122.14
    Latitude
    37.4578
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, 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
    2024
    $6,902
    $406,201
    $0.00
    $406,201
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      E

      PARKING LOT
      E, Palo Alto, CA 94303
      View Details
    • Value Estimation by Request
      850 SF

      2284 Menalto Ave

      PARKING LOT
      2284 Menalto Ave, East Palo Alto, CA 94303-1426
      View Details
    • Value Estimation by Request
      0.31 Acres

      660 Donohoe St

      PARKING LOT
      660 Donohoe St, East Palo Alto, CA 94303-1907
      View Details
    • Value Estimation by Request
      1.32 Acres

      E

      PARKING LOT
      E, Palo Alto, CA 94303
      View Details
    • Value Estimation by Request
      0.28 Acres

      1590 Bay Rd

      PARKING LOT
      1590 Bay Rd, East Palo Alto, CA 94303-1110
      View Details
    • Value Estimation by Request
      600 SF

      1974 Euclid Ave

      PARKING LOT
      1974 Euclid Ave, East Palo Alto, CA 94303-2228
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,780 SF

      Gas Station Redevelopment Opportunity

      Gas station redevelopment opportunity in East Palo Alto, CA.
      2194 University Ave, East Palo Alto, CA 94303
      View Details
    • New
      $2,990,000
      2.73 Acres

      Full-Service Grocery Store

      Full-service grocery operation with deli, bakery, and beer, wine, and spirits sales in a commercial-zoned setting.
      Address Not Disclosed, Palo Alto, CA 94303
      View Details
    • $3,700,000

      Operating Restaurant in Midtown Palo Alto

      Operating Round Table Pizza with real estate in prime location.
      706 Colorado Ave, Palo Alto, CA 94303
      View Details
    • $4,650,000
      20,774 SF

      East Palo Alto Multifamily Investment

      Sixteen-unit apartment building with expansion potential near Silicon Valley hubs.
      Okeefe St, East Palo Alto, CA 94303
      View Details
    • $3,000,000
      6,132 SF

      East Palo Alto Multifamily Opportunity

      12-unit multifamily property in East Palo Alto with value-add potential.
      Cooley Ave, East Palo Alto, CA 94303
      View Details
    • Contact for pricing
      3,261 SF

      Operating Restaurant in Midtown Palo Alto

      Established Round Table Pizza business and real estate for sale.
      706 Colorado Ave, Palo Alto, CA 94303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Palo Alto Retail Space

      Retail space available for rent in East Palo Alto.
      1761 Bayshore Rd E, East Palo Alto, CA 94303
      View Details
    • Contact for pricing
      21,626 SF

      21,626 SF Retail Space Available

      Former grocery store space for lease with easy highway access.
      2180 W Bayshore Rd, Palo Alto, CA 94303
      View Details
    • Contact for pricing
      30,978 SF

      Prime Retail Anchor Opportunity

      Anchor space available in strong retail center near Highway 101.
      1751 E Bayshore Rd, East Palo Alto, CA 94303
      View Details
    • Contact for pricing

      Palo Alto Industrial/R&D Space

      6,100 SF industrial/R&D space available for lease.
      977 Commercial St, Palo Alto, CA 94303
      View Details
    • $7,380 /Mo

      Prime Midtown Palo Alto Retail

      Retail/service space in Palo Alto's Midtown neighborhood.
      706 Colorado Ave, Palo Alto, CA 94303
      View Details
    • Contact for pricing
      3,657 SF

      Grocery Anchored Retail Space

      Retail spaces available in grocery-anchored neighborhood center.
      2170 W Bayshore Rd, Palo Alto, CA 94303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    655 Scofield Ave
    East Palo Alto, CA 94303-2347
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    655 Scofield Ave, East Palo Alto, CA, 94303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!