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Property profile & analytics
FOR LEASE
Life science properties
950 Page Mill Rd Palo Palo Alto, CA 94304
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3300960
For Lease
1 / 24
$1,735,000
950 Page Mill Rd,Unit Palo, Palo Alto, CA 94304
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1970
Construction
CONCRETE
Total area
72,005 SF
Lot
4.25 ac (185,130 SF)
Zoning code
LMS
APN
142-20-021
UPID
US09-3300960
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
-
angelsforum Financial Advisor
-
Pharma Capital Partners Financial Advisor
-
StrumSchool.com Vocational School Training Center
-
Simplicant (Bike/Boat/Book/etc) Store Corporate Office
-
ScoreData Corporation (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$1.74M
Owner & transaction history
Leland Stanford JR Univ Bd · 20 yrs held
Leland Stanford JR Univ Bd
since 2005
7 recorded transactions
Zoning & alternative use
LMS · 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
by Request
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10%
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
$24 / 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
$380,646
Tax year 2024
Assessed value
$32,024,794
Assessed 2024
Previous assessed
$32,024,794
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,438,582
Assessed improvement
$30,586,212
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
72,005 SF
Lot
4.25 ac (185,130 SF)
Zoning code
LMS
APN
142-20-021
UPID
US09-3300960
Jurisdiction
SANTA CLARA
Zoning & alternative use
LMS · Palo Alto, CAZoning LMS · permitted uses
LMS · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
4.25 ac
Current owner
From public records · entity-resolved
Leland Stanford JR Univ Bd
Individual
Free & Clear · 20 yrs held
Mailing address
2600 EL CAMINO REAL STE #410, PALO ALTO, CA 94306-1719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2016
—
950 Page Mill Property LLC
—
Deed
related
$27,000,000 · Deutsche Bk Ag/ny Branch
Sep 1, 2005
—
Leland Stanford JR Univ Bd
Owner,record
Grant Deed
related
—
Dec 30, 2004
—
Leland Stanford JR Univ Bo
Owner,record
Grant Deed
related
—
—
—
Drawbridge Realty Partners LP
—
Loan Modification
related
$18,000,000 · * Other Institutional Lenders
—
—
Drawbridge & 950 Page Mill LLC
—
Deed Of Trust
related
$117,825,000 · Wells Fargo Bk
—
—
950 Page Mill Property LLC
—
Deed Of Trust
related
$27,000,000 · Deutsche Bk Ag/ny Branch
—
—
Drawbridge & 950 Page Mill LLC
—
Deed Of Trust
related
$18,000,000 · Chase Bk/md
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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