Office for Sale in Palo Alto, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Palo Alto, CA 94303

Description

PALO ALTO OFFICE BUILDING WITH VARIOUS BUSINESS PLANS - Owner User | School | Townhomes ±25,303 square foot multi-tenant office building in Palo Alto. The property is currently 35% occupied with a weighted average remaining lease term (WALT) of 1.43 years. This low occupancy and WALT give an investor or owner-user the ability to reposition or redevelop the asset. A school or townhouse use is possible with a conditional use permit and/or entitlement. The site presents an opportunity to be repositioned as a school, capitalizing on the growing demand for this specialized market. Additionally, redevelopment into townhomes could be viable strategy, aligning with emerging trends in the SF Peninsula.

Market Context

This office in Palo Alto, CA is listed for sale. It has been on the market for 148 days. Compare it against other office listings for sale in Palo Alto, CA — <a href="/search/sale/office/california/palo-alto">view the full market</a>.

As of Q1 2026, the San Francisco Peninsula office market showed a 16.5% vacancy rate. Source: Colliers Q1 2026 market report.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the San Francisco Peninsula office market tightening or softening?
Vacancy is around 16.5% (Q1 2026).

Unified Estimate

Medium Confidence

$4.23/SF – $5.73/SF

Mid: $4.98/SF

Rate estimator only; cost-of-business estimate unavailable.

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