435 Tasso StPalo Alto, CA 94301

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 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.

• 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

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

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