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Investment Highlights

  • Boutique Office Building in the California Avenue District
  • Close to restaurants and amenities
  • Walking Distance to Caltrain

Executive Summary

Prime Owner / User or Value Add Investment Opportunity in the Heart of California Avenue District of Palo Alto. Walking distance to the Caltrain Station as well as numerous restaurants, amenities and parking.

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,874 SF
Building Class
B
Year Built
1986
Price
$10,000,000
Price Per SF
$842.18
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,958 SF
Slab To Slab
9’
Building FAR
2.73
Lot Size
0.10 AC
Zoning
CC - CC (2) Zoning

Amenities

  • Skylights
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 3,958 SF
  • Office
  • Full Build-Out
  • Now

11,874 SF free standing office building for lease. This building is an an ideal opportunity for a creative technology company. It has an open layout with numerous conference rooms throughout the layout. There is an outdoor patio & 3rd floor balcony, with operable windows and doors that bring in lots of fresh air. Skylights available on the 3rd floor.

  • 2nd Floor
  • 3,958 SF
  • Office
  • Full Build-Out
  • Now

11,874 SF free standing office building for lease. This building is an ideal opportunity for a creative technology company. It has an open layout with numerous conference rooms throughout the layout. There is an outdoor patio & 3rd floor balcony, with operable windows and doors that bring in lots of fresh air. Skylights available on the 3rd floor.

Space Size Space Use Build-Out Available
1st Floor 3,958 SF Office Full Build-Out Now
2nd Floor 3,958 SF Office Full Build-Out Now

1st Floor

Size
3,958 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Floor

Size
3,958 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Floor

Size 3,958 SF
Space Use Office
Build-Out Full Build-Out
Available Now

11,874 SF free standing office building for lease. This building is an an ideal opportunity for a creative technology company. It has an open layout with numerous conference rooms throughout the layout. There is an outdoor patio & 3rd floor balcony, with operable windows and doors that bring in lots of fresh air. Skylights available on the 3rd floor.

2nd Floor

Size 3,958 SF
Space Use Office
Build-Out Full Build-Out
Available Now

11,874 SF free standing office building for lease. This building is an ideal opportunity for a creative technology company. It has an open layout with numerous conference rooms throughout the layout. There is an outdoor patio & 3rd floor balcony, with operable windows and doors that bring in lots of fresh air. Skylights available on the 3rd floor.

Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
124-33-046
Land Assessment
$3,148,504
Improvements Assessment
$4,361,820
Total Assessment
$7,510,324
  • Listing ID: 39645578

  • Date on Market: 3/3/2026

  • Last Updated:

  • Address: 409 Sherman Ave, Palo Alto, CA 94306

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