490 California AvePalo Alto, CA 94306

Property Details for 490 California Ave

Year built

1984

Construction

STEEL FRAME

Lot size

0.33 AC

Property size (Sq ft)

24,738 SF

Zone code

CC2RP

Property type

Office properties

Property subtype

Office buildings

APN

124-32-046

APU

12432046

Description

This exceptional 52,949-square-foot office and R&D building in Palo Alto, California, presents a unique opportunity. Located at 490 California Avenue, near El Camino Real, this four-story, 1984-built property sits on a 0.25-acre lot and offers a flexible, multi-tenant layout with 52,949 square feet currently vacant. The building features 1 dock-high door, 2 drive-ins, and ample parking for 2.6 cars per space. Interior features include a 19'6" slab-to-slab height on the first floor and 13'6" floor-to-roof height on the second floor, with a floor loading capacity of 151 lbs/sf. The building boasts substantial power with 2,000 amps, 277/480V service. Conveniently located within a block of the Caltrain station, this property also benefits from proximity to Downtown Sunnyvale amenities. Modern building features include a new 6,400-square-foot indoor/outdoor fitness center, impressive lobbies with full-height glass, and extensive glass lines throughout. Additional amenities include EV charging stations and secure bike lockers. The property is situated in Santa Clara County, zip code 94306. This is a shell building, allowing for improvements to suit tenant needs. Operating expense estimates exclude management fees.

• CAP approach

  CAP return

  Valuation

  6%

  $15,366,432

  6.5%

  $14,184,399

  7%

  $13,171,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,980,811

  Geo Method

  $6,899,676

• Alternative Use

  Use

  Valuation

  Residential

  $17,588,654

  Hospitality

  $16,111,113

  Educational

  $13,404,257

  Medical

  $13,865,250

  Retail

  $20,851,066

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Latitude

37.4255

Longitude

-122.146

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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