Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    696 Towle Way Palo Alto, CA 94306-2536

    • Apartment buildings
    • 32,712 SF
    • 1.57 lot acres
    OFF-MARKET
    Value Estimations
    $8,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3281688
    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

    • Towle Apartments / Apartment Building

    Property Details for 696 Towle Way

    Year built
    1965
    Construction
    WOOD
    Lot size
    1.57 lot acres
    Property size
    32,712 SF
    Zone code
    RM3
    Property type
    Apartment buildings
    APN
    132-56-057
    APU
    13256057

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,365,000
      6.5%
      $9,565,000
      7%
      $8,885,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.126
    Latitude
    37.4306
    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
    2024
    $188,006
    $8,172,419
    $7,672,159
    $15,844,578
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      Palo Alto, CA 94306

      APARTMENT HOUSE (5+ UNITS) • 0.02 Acres
      Palo Alto, CA 94306
      View Details
    • Value Estimation by Request
      0.65 Acres

      648 San Antonio Rd

      APARTMENT HOUSE (5+ UNITS) • 0.65 Acres
      648 San Antonio Rd, Palo Alto, CA 94306-4733
      View Details
    • Value Estimation
      $535,000
      3,616 SF

      2145 Williams St

      APARTMENT HOUSE (5+ UNITS) • 3,616 SF
      2145 Williams St, Palo Alto, CA 94306-1417
      View Details
    • Value Estimation
      $1,825,000
      6,199 SF

      530 Kendall Ave

      APARTMENT HOUSE (5+ UNITS) • 6,199 SF
      530 Kendall Ave, Palo Alto, CA 94306-2753
      View Details
    • Value Estimation
      $7,180,000
      39,675 SF

      630 Los Robles Ave

      APARTMENT HOUSE (5+ UNITS) • 39,675 SF
      630 Los Robles Ave, Palo Alto, CA 94306-3244
      View Details
    • Value Estimation by Request
      1,284 SF

      382 Curtner Ave, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 1,284 SF
      382 Curtner Ave, Palo Alto, CA 94306-3519
      View Details

    Similar Nearby for Sale

    • New
      $2,575,000
      1,801 SF

      Charming Duplex in Midtown Palo Alto

      Desirable Palo Alto duplex with gardens, parking, and modern amenities.
      674 Bryson Ave, Palo Alto, CA 94306
      View Details
    • $18,800,000
      31,459 SF

      New Mixed-Use Building For Sale

      New construction mixed-use building with residential, retail, and office condos.
      4115 El Camino Real, Palo Alto, CA 94306
      View Details
    • Contact for pricing

      Palo Alto Development Site

      Centrally located Palo Alto development site with multiple access points.
      3155 Middlefield Rd, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      6,186 SF

      Palo Alto Retail Investment Opportunity

      High-visibility El Camino Real property with two established retail units.
      3876 El Camino Real #3876, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      8,571 SF

      Palo Alto Warehouse For Sale

      8,571 SF warehouse property available in Palo Alto, CA.
      2905 El Camino Real, Palo Alto, CA 94306
      View Details
    • $3,357,540
      2,433 SF

      New Palo Alto Mixed-Use Condos

      New construction retail and office condos in Palo Alto.
      4115 El Camino Real, Palo Alto, CA 94306
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Mixed-Use Development Retail Space

      Premier retail and office space in vibrant Palo Alto location.
      388 Cambridge Ave, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      63,618 SF

      Palo Alto Office Space Available

      Office space with extensive glazing and natural light for rent.
      385 Sherman Ave, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      8,253 SF

      Palo Alto Office Space Available

      Office space in Midtown Palo Alto with parking and amenities.
      2741 Middlefield Rd, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space with Drive-Through Potential

      Retail space in grocery-anchored center with drive-through opportunity.
      2100 El Camino Real, Palo Alto, CA 94306
      View Details
    • $7 SF/Yr
      6,693 SF

      Renovated Office Space in Palo Alto

      Furnished 7th-floor office with Silicon Valley views, available for rent.
      5 Palo Alto Sq, Palo Alto, CA 94306
      View Details
    • Contact for pricing
      10,309 SF

      Palo Alto Retail Spaces Available

      Prime El Camino Real location, multiple units.
      2515 El Camino Real, Palo Alto, CA 94306
      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.
    696 Towle Way
    Palo Alto, CA 94306-2536
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!