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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Office buildings
901 Alma St Palo Alto, CA 94301-2405
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3235732
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
TILT-UP CONCRETE
Total area
9,700 SF
Lot
0.12 ac (5,251 SF)
Zoning code
CDS
APN
120-28-048
UPID
US09-3235732
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
James D Ross
James D Ross
since 2025
7 recorded transactions
Zoning & alternative use
CDS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$271 / 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
$24,485
Tax year 2024
Assessed value
$1,988,255
Assessed 2024
Previous assessed
$1,988,255
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$435,904
Assessed improvement
$1,552,351
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 Sale
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
4
Units
4
Total area
9,700 SF
Lot
0.12 ac (5,251 SF)
Zoning code
CDS
APN
120-28-048
UPID
US09-3235732
Jurisdiction
SANTA CLARA
Zoning & alternative use
CDS · Palo Alto, CA
Zoning CDS · permitted uses
CDS · 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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
4
Units
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
James D Ross
Individual
Mailing address
1172 REDWOOD HTS RD, APTOS, CA 95003-9587
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
James D Ross
James D Ross
Deed
related
$4,000,000 · West Coast Community Bank
Oct 6, 2021
—
First Republic Bank
James D Ross
Assignment Of Lease (leasehold Sale)
$1,000,000 · First Republic Bank
Jun 7, 2011
—
Ross Trust
Ross Trust
Quit Claim Deed
related
$1,500,000 · First Republic Bank
Nov 23, 1998
—
Ross Trust
Ross,james D & Jenny N
Quit Claim Deed
related
—
Sep 30, 1998
—
Tholta Bros INC
180 University Avenue Partners
Quit Claim Deed
related
—
Mar 14, 1997
—
James D Ross
—
Grant Deed
related
$1,600,000 · Mid Peninsula Bank
Sep 27, 1996
$544,000
Ross,james D & Jenny N
Kelley,david M
Trustees Deed
$264,000 · Individual
Sep 27, 1996
—
Kelley,david M
Branscomb,k C
Trustees Deed
related
—
Sep 4, 1992
—
David Kelley
San Jose Nationa
Grant Deed
related
—
Jul 29, 1991
—
Hj Rubinstein Co
Foreclosure Co
Trustees Deed
related
—
Dec 13, 1990
$1,950,000
Margaret Francis
Abgo Industries
Grant Deed
—
Dec 3, 1990
$1,950,000
Samuel Frances
Abgo Industries
Grant Deed
$100,000 · Individual
Jan 17, 1990
—
James Rueter
Rueter,j.
Quit Claim Deed
related
$1,717,000 · San Jose National Bank
Mar 31, 1989
$942,000
James Rueter
Kelley,w.&r./kel
Grant Deed
$539,000 · Security Pacific National Bank
—
—
James Rueter
—
Deed Of Trust
related
$200,000 · Individual
—
—
James Rueter
—
Deed Of Trust
related
$100,000 · Individual
—
—
Ross 1998 Trust
—
Deed Of Trust
related
$1,545,133 · Rjs & Assocs INC
—
—
Ross 1998 Trust
—
Deed Of Trust
related
$1,247,473 · Conxtech INC
—
—
Ross Trust
—
Deed Of Trust
related
$3,800,000 · First Republic Bk
—
—
James D Ross
—
Deed Of Trust
related
$2,000,000 · Union Bank Of California
—
—
Ross Trust
—
Deed Of Trust
related
$280,000 · Union Bank Of California
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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