Realmo Analytics

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Financial
Distress signals
Property profile

706 Colorado Ave Palo Alto, CA 94303

FOR SALE
Retail space
Property ID
US09-2667690
3,261 SF 0.19 ac lot Built 1954
Last sale Sep 2022 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail/service space of approximately 1,200 square feet configured for a triple-net (NNN) occupancy structure. It features a corner location with street frontage, supporting storefront-style access and visibility within a Midtown commercial setting in Palo Alto, California, at 702 Colorado Ave. The site is classified as Service Commercial with C2S zoning, and it is described as being near Middlefield Rd and the Oregon Expressway, with proximity to Silicon Valley transit and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$2.95M
Assessed land$2.50M
Assessed improvement$450k

Value estimate

· Oct 2026
$1.20M
$1.08M – $1.31M
AI approach$1.23M
CAP approach$1.36M
Submarket $/SF estimate$838k
NOI build-up
Gross scheduled income$86k
Vacancy & credit loss−$5k
Operating expenses−$20k
NOI · 1.64% cap applied$61k

Realmo valuation models over county records and 28 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,003/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$407 – $1,400
Qualifying comparables28

Cap rate analysis

How does the asset earn?
1.64%
$61k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2S
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store14.4
Realty agency12.2
Pawn Shop12.2

Location

706 Colorado Ave Palo Alto, CA 94303
County assessor Recorded deeds · 3 transfers 28 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
864 San Antonio, Palo Alto, CA 94303-4622 $4,365,000 Feb 2024 6,000 SF
530 Oconnor, Palo Alto, CA 94303 $763,599 Jul 2023 2,400 SF
77 Newell, East Palo Alto, CA 94303-2721 $6,000,000 Jul 2023 2,400 SF
4201 Middlefield, Palo Alto, CA 94303-4745 $4,200,000 May 2022 4,080 SF
814 San Antonio, Palo Alto, CA 94303-4617 $5,544,000 Mar 2022 2,800 SF
710 San Antonio, Palo Alto, CA 94303-4613 $1,500,000 Dec 2021 4,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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