299 California AvePalo Alto, CA 94306

  • Office properties
  • 20,660 SF
For Lease
$66/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
299 California Ave, Palo Alto, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$79,977
$1,607,741
$5,105,940
$6,713,681
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].