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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Office buildings
777 California Ave Palo Alto, CA 94304-1179
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7394602
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
TILT-UP CONCRETE
Total area
44,845 SF
Lot
2.99 ac (130,218 SF)
Zoning code
RP
APN
142-20-010
UPID
US09-7394602
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
-
Vera (Bike/Boat/Book/etc) Store Corporate Office
-
Rock Apartments LLC Hotel & Motel
-
Marcus & Millichap Company Real Estate Agency
-
Pacific Urban Investors Corporate Office Financial Advisor
-
PruVen Capital Venture Capital Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.77M
Owner & transaction history
Meridan 1651 North First St. Ll · 23 yrs held
Meridan 1651 North First St. Ll
since 2002
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
RP · 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
Method
Estimation
Statistic approach
$2,215,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.39M (Jan 28 2025)
Last sale anchor
$1.39M
Jan 28 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$39 / SF
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
$208,725
Tax year 2024
Assessed value
$17,465,493
Assessed 2024
Previous assessed
$17,465,493
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$8,996,547
Assessed improvement
$8,468,946
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 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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
44,845 SF
Lot
2.99 ac (130,218 SF)
Zoning code
RP
APN
142-20-010
UPID
US09-7394602
Jurisdiction
SANTA CLARA
Zoning & alternative use
RP · Palo Alto, CA
Zoning RP · permitted uses
RP · 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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
Meridan 1651 North First St. Ll
Individual
Mailing address
3282 LA ROCHELLE WAY, SAN JOSE, CA 95135-2384
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2013
—
777 California LLC
—
Deed Of Trust
related
$10,499,920 · Comerica Bank
Dec 5, 2002
$3,175,000
Meridan 1651 North First St. Ll
Commonwealth Central Cu
Grant Deed
related
$2,381,250 · Luther Burbank Savings & Loan
Jun 13, 1994
—
Essex Portfolio LP
—
Deed Of Trust
related
$24,175,000 · Bank Of America
—
—
777 California LLC
—
Deed Of Trust
related
$13,000,000 · Comerica Bank California
—
—
Oaks Summerhill
—
Deed Of Trust
related
$8,200,000 · Sumitomo Bank
—
—
777 California LLC
—
Loan Modification
related
$24,474,000 · Comerica Bk
—
—
Chaparral Anahei
—
Deed Of Trust
related
$10,500,000 · Security Pacific National Bank
—
—
777 California LLC
—
Loan Modification
related
$24,474,000 · Comerica Bk
—
—
777 California LLC
—
Deed Of Trust
related
$10,499,920 · Comerica Bank
—
—
777 California LLC
—
Deed Of Trust
related
$10,740,676 · Comerica Bank
—
—
777 California LLC
—
Deed Of Trust
related
$13,000,000 · Western-highridge Investors LP
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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