| Primary address | 540 University Avenue, Palo Alto |
| Alternate address(es) | 542 University Ave |
| Zip code | 94301 |
| County | Santa Clara |
| Neighborhood | University South |
| Parcel ID | 120-03-032 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 06/05/2024 |
| Sale price | $12,800,000 |
| Arm's length | Register |
| Property tax | $156,842 |
| Building sqft | 15,452 |
| Building class | Offices, High-Rise Office Buildings, Banks and Clinics (Category Also Includes Parking for Existing Office Buildings) (59) |
| Acreage | 0.11 |
| Lot sqft | 5,001 |
| Year built | 1982 |
| Stories | 3 |
| Zoning district | Register |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
This Offices, High-Rise Office Buildings, Banks and Clinics (Category Also Includes Parking for Existing Office Buildings) (59) located at 540 University Avenue, Palo Alto, CA 94301 has a total of 15,452 square feet and a current price per square foot of $828.
What is the year built & the current market value of 540 University Avenue, Palo Alto, CA 94301?540 University Avenue, Palo Alto, CA 94301 was built in 1982 and has a current tax assessor's market value of $13,056,000.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
| Listing type | For Lease |
|---|---|
| Listing date | 10/30/2019 |
| Last updated | 04/29/2026 |
-Located in the Heart of Downtown Palo Alto
-Walk to Downtown Amenities
-Adjacent to Webster/Cowper Public Parking Garage
-Excellent Space for Start-Up Tech Companies, and
-Professional Service Firms
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| #250 | General Office | $39/Sqft/Year | 1,344 | Jon Cannon Carter Norton |
| #350 | General Office | $39/Sqft/Year | 1,344 | Jon Cannon Carter Norton |
| Listing type | For Lease |
|---|---|
| Listing date | 11/08/2025 |
| Last updated | 05/23/2026 |
Part of the 1st floor of this building is retail.
Lease Note
Available with 30 days' notice. Expenses exclude Palo Alto utilities and include janitorial. Ste 200 and 250 can be combined totaling 3,840 SF.
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Suite 250 | General Office | $39/Sqft/Year | 1,344 | Clayton Jones |
| Suite 350 | General Office | $39/Sqft/Year | 1,584 | Clayton Jones |
| Suite 50 | General Office | $39/Sqft/Year | 1,584 | Clayton Jones |
| Suite 200 | General Office | $39/Sqft/Year | 2,496 | Clayton Jones |
Create a free account to view the complete sales history for 540 University Avenue, Palo Alto, including title documents, transfer conditions, mortgages and liens.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 540 University Avenue, Palo Alto, CA 94301. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax | $156,842 |
| Market value | $13,056,000 |
Here's the assessment & property tax history for 540 University Avenue, Palo Alto, including the evolution of the total tax rate and corresponding property tax.
| Year | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|
| 2025-2026 | $13,056,000 | 1.2013 | $156,842 | -14.31% |
| 2024-2025 | $15,587,034 | 1.1743 | $183,039 | +1.47% |
| 2023-2024 | $15,281,407 | 1.1804 | $180,382 | +1.13% |
| 2022-2023 | $14,981,772 | 1.1905 | $178,358 | +2.01% |
| 2021-2022 | $14,688,013 | 1.1904 | $174,846 | +2.17% |
The complete history of permits filed for 540 University Avenue, Palo Alto, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
| Total population | 17,508 |
| Median age | 46.7 |
| Average household income | $342,324 |
| Family households | 61.6% |
| Occupied housing units | 7,167 |
| Owner occupied units | 53.0% |
| Average number of people per household | 2.4 |
| Median year structure built | 1957 |
| Median value for units with a mortgage | $2,000,001 |
| Median value for units without a mortgage | $2,000,001 |
Create a free account to unlock extended information for 540 University Avenue, Palo Alto, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| FEMA flood zone(s) | 0.2 (See more on map) |
| Fire hazard zone | See more on map |
| Faults and tsunami inundation zone map | Register |
| Landslides and liquefaction map | Register |
Access the detailed traffic volume map for 540 University Avenue, Palo Alto to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
Here are the neighbors for 540 University Avenue, Palo Alto.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 408 Webster St, Palo Alto | 5,971 | 03/19/2004 | |
| 688 Everett Ave, Palo Alto | 12/28/2006 | ||
| 335 Webster St, Palo Alto | 06/14/2019 | $3,905,000 | |
| 151 Tasso St, Palo Alto | 1,224 | 12/31/2015 | |
| 675 Lytton Ave, Palo Alto | 04/15/2025 | ||
| 555 University Ave, Palo Alto | 6,781 | ||
| 318 Middlefield Rd, Palo Alto | 09/29/2025 | ||
| 546 University Ave, Palo Alto | 4,275 | ||
| 336 Byron St, Palo Alto | 11/08/2004 | $1,099,000 | |
| 444 Webster St, Palo Alto | 3,842 | 04/05/2012 | $1,940,000 |
| 415 Tasso St, Palo Alto | 1,664 | 09/23/2024 | |
| 321 Byron St, Palo Alto | 03/18/2019 | ||
| 334 Byron St, Palo Alto | 07/28/2005 | $538,181 | |
| 400 Webster St, Palo Alto | 12/24/2024 | ||
| 649 Lytton Ave, Palo Alto | 4,572 | 11/17/2006 | $1,960,000 |
| 651 University Ave, Palo Alto | 44,100 | ||
| 550 Lytton Ave, Palo Alto | 3,295 | 12/10/2020 | |
| 435 Tasso St, Palo Alto | 27,452 | 10/19/1998 | |
| 419 Webster St, Palo Alto | 34,329 | 07/26/2024 | |
| 329 Webster St, Palo Alto | 10/14/2016 |