435 Tasso StPalo Alto, CA 94301

  • Office properties
  • 31,317 SF
For Lease
$75/SF/YR View listing

Property Details for 435 Tasso St

Year built
1984
Construction
STEEL FRAME
Lot size
0.32 AC
Property size (Sq ft)
31,317 SF
Zone code
CDC
Property type
Office properties
Property subtype
Office buildings
APN
120-03-025
APU
12003025

Description

This exceptional Class A office building, located at 435 Tasso Street in the heart of Downtown Palo Alto, California, offers a unique opportunity for businesses seeking premium workspace. The three-story building boasts a total of 31,317 square feet, with 27,196 square feet currently available for lease. Multiple tenancy options are available, ranging from a minimum of 1,291 square feet to a maximum contiguous space of 4,765 square feet, accommodating a variety of business needs and sizes. The building is professionally managed and features convenient on-site underground parking (one space total). Its prime location provides easy access to public transportation, with Caltrain just 0.6 miles away. Energy efficiency is a key feature, as the building holds an Energy Star qualification. High-speed internet access is readily available through multiple providers including Comcast Business, Cogent, AT&T, and City of Palo Alto Dark Fiber. This boutique building in Santa Clara County, zip code 94301, offers a sophisticated and productive work environment in a highly desirable location, near University Avenue. The property is categorized as Executive Office, Traditional, and Professional, making it suitable for a range of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,884,738
    6.5%
    $14,662,835
    7%
    $13,615,490
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,011,817
    Geo Method
    $8,734,624
  • Alternative Use

    Use
    Valuation
    Residential
    $18,181,916
    Hospitality
    $16,654,537
    Educational
    $13,856,379
    Medical
    $14,332,921
    Retail
    $21,554,368
435 Tasso St, Palo Alto, California

Location Insight

City
Palo Alto
County
Santa Clara
State
California
Latitude
37.4494
Longitude
-122.159
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
$280,853
$8,453,455
$12,998,546
$21,452,001
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