299 California AvePalo Alto, CA 94306

Property Details for 299 California Ave

Year built

1973

Construction

TILT-UP CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

20,660 SF

Zone code

CC2RP

Property type

Office buildings

APN

124-29-005

APU

12429005

Description

This exceptional 7,140 square foot office suite is located at 299 California Avenue in Palo Alto, California, 94306. Situated in the desirable California Avenue Business District, this fully-furnished space boasts a brand new interior build-out, offering abundant natural light from excellent window lines and an atrium. The three-story building, constructed in 1973 and renovated in 2002, features a total of 21,000 square feet across six suites. This particular suite includes one conference room, three meeting rooms, two phone booths, an in-suite kitchenette, and restrooms. High-visibility signage opportunities are available. The property benefits from its convenient location, just one block from the CalTrain station and surrounded by numerous restaurants and amenities. The building features elevators and is zoned CC2RP. The land encompasses 0.19 acres, with a floor area ratio (FAR) of 2.54. This multi-tenant building offers a prime opportunity for a business seeking a prestigious and well-appointed office space in a vibrant location. The property's Santa Clara County Assessor's Parcel Number (APN) is 124-29-005. The cross street is Birch Street.

• CAP approach

  CAP return

  Valuation

  6%

  $12,833,312

  6.5%

  $11,846,134

  7%

  $10,999,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,005,803

  Geo Method

  $5,762,280

• Alternative Use

  Use

  Valuation

  Residential

  $14,689,207

  Hospitality

  $13,455,234

  Educational

  $11,194,597

  Medical

  $11,579,596

  Retail

  $17,413,818

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Latitude

37.4274

Longitude

-122.144

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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