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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Industrial properties
951 Commercial St Ste, Palo Alto, CA 94303-4908
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-3256120
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1957
Total area
10,000 SF
Lot
0.48 ac (20,986 SF)
Zoning code
GM
APN
147-01-095
UPID
US09-3256120
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
-
Deanza Tile Co Inc. General Contractor Renovation Specialist
-
palo alto Builders & Remodeling Construction Company
-
Calmar Laser Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Lct Commercial LLC · 11 yrs held
Lct Commercial LLC
since 2014
7 recorded transactions
Zoning & alternative use
GM · 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
$181 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$2,975,101
Assessed 2023
Previous assessed
$2,916,767
+2.0% YoY
Assessed land
$1,732,040
Assessed improvement
$1,243,061
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1957
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
10,000 SF
Lot
0.48 ac (20,986 SF)
Zoning code
GM
APN
147-01-095
UPID
US09-3256120
Jurisdiction
SANTA CLARA
Zoning & alternative use
GM · Palo Alto, CA
Zoning GM · permitted uses
GM · 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
1957
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Lct Commercial LLC
Entity
Mailing address
1751 EMERSON ST, PALO ALTO, CA 94301-3716
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2018
—
Lct Commercial LLC
—
Deed
related
$2,694,000 · Jpmorgan Chase Bank NA
Oct 1, 2014
—
Lct Commercial LLC
Lin,anthony H
Grant Deed
—
Dec 23, 2013
$2,525,000
Anthony Hong Lin
Richard A Papapietro JR
Grant Deed
$1,893,750 · Wells Fargo Bank NA
Jun 19, 2013
$111,500
Richard A Papapietro JR
Richard A Papapietro
Intrafamily Transfer
related
$1,115,000 · Citibank NA
Dec 28, 2012
$442,000
Papapietro R A & C M 1998 Trust
Papapietro R A & C M Trust
Grant Deed
related
—
Jun 10, 2003
—
Papapietro,tr
Papapietro,tr
Quit Claim Deed
related
$712,000 · Bay Area Emp Development
Mar 18, 2003
—
Papapietro,tr
Revx-245 INC
Grant Deed
related
—
Sep 20, 2002
—
Revi-245 INC
Nearon-doyas Properties LLC
Grant Deed
$862,500 · Bank Of Los Altos
Dec 31, 1997
$2,770,000
Nearon-doyas Properties LLC
Nearon,david A
Grant Deed
related
$385,000 · Union Bank Of California
Apr 28, 1994
—
David A Nearon
Nearon,linda C
Quit Claim Deed
related
—
Mar 22, 1994
—
David A Nearon
Nearon-doyas-hin
Quit Claim Deed
related
—
Mar 22, 1994
$168,227
Nearon,david A
Nearon,david A
Trustees Deed
related
—
May 27, 1992
—
Nearon,david Trustee+
Doyas,elaine Tru
Trustees Deed
related
—
—
—
Nearon-doyas Properties LLC
—
Deed Of Trust
related
$910,000 · 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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