299 California AvePalo Alto, CA 94306
- Office properties
- 20,660 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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