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Palo Alto, California

Commercial Real Estate in Palo Alto

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2626 Hanover Street,
Palo Alto, CA 94304
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Phone: (650) 391-1700
Fax: (650) 391-1710

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Connect With Our Team

In 1971, Marcus & Millichap was founded on a unique set of principles to maximize value for real estate investors and, in the process, revolutionized the brokerage industry.

Ramon Kochavi

Ramon Kochavi

Senior Managing Director, Market Leader- Northern California
Direct: (650) 391-1750
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The Palo Alto Office

The Palo Alto office of Marcus & Millichap delivers comprehensive investment services across the Bay Area, backed by national reach and local expertise. Palo Alto commercial real estate agents handle transactions involving multifamily, single-tenant net-lease, office, retail, hospitality, land, and special assets. Through our robust marketing platform, we connect clients to the industry’s largest database of real estate properties for sale and a wide network of buyers. Financing services are available through Marcus & Millichap Capital Corporation representatives located in the office.

CA Broker License No.: 00530854

Marcus & Millichap Capital Corporation License No.: 01204293

CURRENT NORTHERN CALIFORNIA LISTINGS

Your Property Search Starts Here

Finding the right investment opportunity is easy when choosing from the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start your search now.

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Apartments

697 Hamline St, San Jose

San Jose, CA

Cap Rate: 1.00%

Listing Price: $650,000

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Apartments

1451 N 1st St, San Jose, CA 95112

San Jose, CA

Cap Rate: 5.53%

Listing Price: $1,540,000

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Apartments

1526 Arch St

Berkeley, CA

Number of Units: 10

Cap Rate: 6.52%

Listing Price: $2,800,000

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Retail

7654 Greenback Ln

Citrus Heights, CA

Price/Gross SF: $150.00

Cap Rate: 6.01%

Listing Price: $1,050,000

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Apartments

Element Apartment Homes

Sunnyvale, CA

Number of Units: 26

Cap Rate: 5.68%

Listing Price: $11,200,000

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Retail

233 N Santa Cruz Ave

Los Gatos, CA

Price/Gross SF: $1,607.20

Listing Price: $5,000,000

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Office

Multi-Tenant Office/Flex Building

Mountain View, CA

Price/Gross SF: $419.14

Cap Rate: 5.58%

Listing Price: $4,922,000

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Net Lease

Del Taco

West Sacramento, CA

Years Remaining On Lease: 13.3

Cap Rate: 4.21%

Listing Price: $1,700,000

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Industrial

Vacant Institutional Facility | 76,650 SF Complex on 21.20 Acres | Fresno, CA MSA

Coalinga, CA

Price/Gross SF: $65.10

Listing Price: $4,990,000

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Hospitality/Golf

Fairfield Inn & Suites Selma Kingsburg

Kingsburg, CA

Price/Room: $104,070

Listing Price: $8,950,000

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Net Lease

NNN Animal Hospital | 9 Years Lease Term | 7.18% Cap

Sonora, CA

Years Remaining On Lease: 9.0

Cap Rate: 7.18%

Listing Price: $1,807,000

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Self-Storage

Hayward Pacific Mini Storage - Lot 1

Hayward, CA

Year Built: 1961

Cap Rate: 4.31%

Listing Price: $2,700,000

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Apartments

184-190 Valley St

San Francisco, CA

Number of Units: 7

Cap Rate: 5.82%

Listing Price: $2,425,000

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Apartments

4 Warren Rd

San Mateo, CA

Number of Units: 2

Cap Rate: 2.00%

Listing Price: $2,280,000

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Apartments

1156 Ayala Dr

Sunnyvale, CA

Number of Units: 4

Cap Rate: 4.51%

Listing Price: $1,880,000

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Properties

RECENT NORTHERN CALIFORNIA RESEARCH

Essential Market Insights

Marcus & Millichap’s research services division is dedicated to providing our clients with cutting-edge market research and innovative insights. Browse our recent reports and videos focused on your areas of interest.

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Research Video

Do Macro Trends Tell the Real Story?

October 23, 2026

Economy

Research Brief

Inflation

October 2026

Economy

Research Brief

Retail Sales

October 2026

Research Video

Slowing Development Key to CRE Outlook

October 16, 2026

Research Video

Job Creation Downshift Reshapes CRE Outlook

October 9, 2026

Housing

Research Brief

Housing

October 2026

Employment

Research Brief

Employment

October 2026

Research Video

Despite Headwinds, Economy Remains Durable

October 2, 2026

Research Video

Strong Retail Sales Reinforce CRE Outlook

September 23, 2026

Economy

Research Brief

Retail Sales

September 2026

Research Video

Fed Rate Hike: Challenge or Opportunity?

September 18, 2026

GDP

Research Brief

Financial Markets

September 2026

mm financial

Research Brief

Inflation

September 2026

Research Video

Three Forces Pushing Interest Rates Higher

September 11, 2026

Employment

Research Brief

Employment

September 2026

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Research

RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

Stay informed with the news and events impacting your investment strategy.

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WMA Convention & Expo 2026
Industry Events

WMA Convention & Expo

M Resort Spa Casino, Henderson, NV
October 26 – October 29, 2026
Defease With Ease PR Logo

Press Releases

Marcus & Millichap Names Defease With Ease | Thirty Capital a Preferred Partner for Debt Management Services

Marcus & Millichap announced that Defease With Ease | Thirty Capital has joined the firm’s Preferred Partner Program, providing clients with access to specialized expertise in defeasance, interest rate hedging and yield maintenance.

October 21, 2026

Caliber Collision

Press Releases

Marcus & Millichap Brokers $5M Sale of Triple-Net-Leased Caliber Collision Property in Berkeley, California

Marcus & Millichap announced today the sale of a 17,104-square-foot, triple-net-leased Caliber Collision property in Berkeley, California.

October 13, 2026

Bloomberg Features Hessam Nadji

Video

Bloomberg Features Marcus & Millichap CEO Hessam Nadji

How Will CRE Investors Adapt? Rising Interest Rates and The CRE Space Demand

October 09, 2026

CNBC Features Hessam Nadji

Video

CNBC Features Marcus & Millichap CEO Hessam Nadji

Will Elevated Interest Rates Force CRE Pricing Recalibration?

October 05, 2026

MSM THE Show 2026
Industry Events

MSM's THE Show

Georgia World Congress Center, Atlanta, GA
November 4 – November 6, 2026
2026 Restaurant Finance & Development Conference
Industry Events

Restaurant Finance & Development Conference

Wynn Las Vegas, Las Vegas, NV
November 9 – November 11, 2026
Yahoo Finance Features Hessam Nadji

Video

Yahoo! Finance Features Marcus & Millichap CEO Hessam Nadji

Calibrating To Higher Interest Rates – Opportunities and Challenges

September 25, 2026

Capitol Commercial Center

Press Releases

Marcus & Millichap Arranges $7.03 Million Sale of Retail Center in San Jose, California

Marcus & Millichap announced today the sale of Capital Commercial Center, a 14,479-square-foot retail center located at 175 S. Capitol Ave. in San Jose, California.

September 25, 2026

San Francisco Portfolio

Press Releases

Marcus & Millichap Brokers $6.25M Russian Hill Multifamily Portfolio Sale in San Francisco

Marcus & Millichap announced today the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood.

September 24, 2026

Charleston Grand Hotel

Press Releases

Marcus & Millichap Brokers $5.7M Sale of Charleston Grand Hotel in North Charleston, South Carolina

Marcus & Millichap announced today the $5.7 million sale of Charleston Grand Hotel, a 128-room hotel in North Charleston, South Carolina.

September 23, 2026

Mission Villas

Press Releases

Marcus & Millichap Facilitates $10.65M Sale of 34-Unit Assisted Living Property in Bay Area, California

Marcus & Millichap announced today the sale of a 34-unit assisted living property with more than 50 beds in Bay Area, California.

September 03, 2026

ICSC New York
Industry Events

ICSC New York

Jacob K. Javits Convention Center, New York, NY
December 9 – December 10, 2026
West Sussex Portfolio

Press Releases

Marcus & Millichap Brokers $6.9M Sale of 73,911-Square-Foot Industrial Property Portfolio in Fresno, California

Marcus & Millichap announced today the sale of the West Sussex Portfolio, comprised of five buildings in Fresno, California.

August 31, 2026

Green Street News

Awards

Marcus & Millichap Recognized in Green Street’s Real Estate Alert 2026 Mid-Year Rankings

Marcus & Millichap ranked as the top broker for multifamily and self-storage and earned 13 No. 1 market rankings in Green Street's Real Estate Alert 2026 Mid-Year Rankings.

August 28, 2026

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News & Events