Financial
Distress signals
Property profile

870 E Charleston Rd Palo Alto, CA 94303

FOR LEASE
Office buildings
Property ID
US09-3049163
9,950 SF 0.46 ac lot Built 2005
Last sale Jan 2004 · $1,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Class A executive office space, located at 870 East Charleston Road in Palo Alto, California, offers a rare opportunity to lease a prestigious workspace in a highly desirable location. The building, constructed in 2005, boasts a total of 4,735 square feet and is currently fully vacant, presenting a unique chance for a single tenant to occupy the entire space or for two tenants to occupy separate suites. The minimum divisible space is 1,630 square feet, while the maximum

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$3.92M
Assessed land$2.21M
Assessed improvement$1.71M

Value estimate

· Sep 2026
$3.81M
$3.42M – $4.19M
NOI build-up
Gross scheduled income$265k
Vacancy & credit loss−$43k
Operating expenses−$56k
NOI · 303,080.42% cap applied$167k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,087/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$575 – $1,558
Qualifying comparables9

Cap rate analysis

How does the asset earn?
303,080.42%
$167k 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?
GM
The GM general manufacturing district provides for light manufacturing, research, and commercial service uses. Office uses are very limit...
General categoryINDUSTRIAL
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.0
Law Firm14.0
Dental Office13.9

Location

870 E Charleston Rd Palo Alto, CA 94303
County assessor Recorded deeds · 5 transfers 9 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
720 San Antonio, Palo Alto, CA 94303-4613 $18,000,000 Dec 2025 6,400 SF
1717 Embarcadero, Palo Alto, CA 94303-3357 $5,400,000 May 2025 16,065 SF
950 Industrial, Palo Alto, CA 94303-4911 $5,795,000 Oct 2023 6,133 SF
801 Charleston, Palo Alto, CA 94303-4610 $5,400,000 May 2021 8,568 SF
2600 Bayshore, Palo Alto, CA 94303-3241 $55,500 Feb 2021 9,947 SF
2440 Embarcadero, Palo Alto, CA 94303-3313 $47,955,000 Dec 2020 11,300 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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