| Primary address | 385 Sherman Avenue, Palo Alto |
| Alternate address(es) | 2501 Ash St |
| Zip code | 94306 |
| County | Santa Clara |
| Neighborhood | Mayfield |
| Parcel ID | 124-33-055 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 01/18/2018 |
| Sale price | $138,000,000 |
| Arm's length | Register |
| Property tax | $961,040 |
| Building sqft | 67,974 |
| Building class | Offices, High-Rise Office Buildings, Banks and Clinics (Category Also Includes Parking for Existing Office Buildings) (59) |
| Acreage | 0.63 |
| Lot sqft | 27,783 |
| Year built | 2017 |
| 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 385 Sherman Avenue, Palo Alto, CA 94306 has a total of 67,974 square feet and a current price per square foot of $2,030.
What is the year built & the current market value of 385 Sherman Avenue, Palo Alto, CA 94306?385 Sherman Avenue, Palo Alto, CA 94306 was built in 2017 and has a current tax assessor's market value of $80,000,000.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
| Listing type | For Lease |
|---|---|
| Listing date | 06/17/2025 |
| Last updated | 05/19/2026 |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Suite Entire | General Office | Listing price not available | 63,618 | David Hiebert Daniel Persyn |
| Listing type | For Lease |
|---|---|
| Listing date | 01/08/2023 |
| Last updated | 05/19/2026 |
63,618 SF office building with 4 residential units in the back totaling 4,356 SF. 1,593 SF of balcony space is leased for public art display.
Lease Note
Fully Plug and Play Opportunity. Available Immediately.
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Space Available | General Office | Listing price not available | 63,618 | Tucker Forbes Luke Wilson Phil Arnautou |
Create a free account to view the complete sales history for 385 Sherman 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 385 Sherman Avenue, Palo Alto, CA 94306. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax | $961,040 |
| Market value | $80,000,000 |
Here's the assessment & property tax history for 385 Sherman 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 | $80,000,000 | 1.2013 | $961,040 | -3.72% |
| 2024-2025 | $85,000,000 | 1.1743 | $998,155 | -25.17% |
| 2023-2024 | $113,000,000 | 1.1804 | $1,333,852 | -8.84% |
| 2022-2023 | $122,909,999 | 1.1905 | $1,463,244 | +2.01% |
| 2021-2022 | $120,500,000 | 1.1904 | $1,434,432 | -15.13% |
The complete history of permits filed for 385 Sherman 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 | 27,183 |
| Median age | 42.3 |
| Average household income | $287,065 |
| Family households | 66.6% |
| Occupied housing units | 10,640 |
| Owner occupied units | 52.6% |
| Average number of people per household | 2.55 |
| Median year structure built | 1963 |
| 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 385 Sherman 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 385 Sherman 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 385 Sherman Avenue, Palo Alto.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 442 California Ave, Palo Alto | 980 | 10/25/2021 | |
| 341 California Ave, Palo Alto | 10,258 | 01/07/2014 | $3,250,000 |
| 371 College Ave, Palo Alto | 06/15/2007 | ||
| 430 Stanford Ave, Palo Alto | 06/30/2005 | ||
| 475 California Ave, Palo Alto | 2,296 | 12/27/2012 | |
| 2209 El Camino Real, Palo Alto | 18,471 | 05/06/2008 | $1,460,000 |
| 408 Grant Ave, Palo Alto | 32,880 | 07/14/2008 | $10,200,000 |
| 365 College Ave, Palo Alto | 06/14/2006 | ||
| 375 Cambridge Ave, Palo Alto | 6,437 | 11/13/2003 | |
| 2455 El Camino Real, Palo Alto | 7,360 | 11/22/2004 | |
| 430 Sherman Ave, Palo Alto | 11,436 | ||
| 410 Sherman Ave, Palo Alto | 13,000 | 05/04/2023 | |
| 411 College Ave, Palo Alto | 4,510 | 07/14/2004 | |
| 439 College Ave, Palo Alto | 02/28/2019 | $1,375,000 | |
| 414 California Ave, Palo Alto | 6,180 | 01/31/2025 | $6,500,000 |
| 1749 Alma St, Palo Alto | 01/28/2013 | ||
| 434 Stanford Ave, Palo Alto | 04/12/2024 | $1,800,000 | |
| 407 Sherman Ave, Palo Alto | 5,388 | 02/10/2021 | |
| 421 California Ave, Palo Alto | 1,260 | 10/04/2001 | |
| 447 California Ave, Palo Alto | 2,760 | 02/03/2012 | $1,800,000 |