Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1134 Crane St Menlo Park, CA 94025

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $8,500,000

    Two-story office building in downtown Menlo Park for sale.

    Property size:
    9,100 SF
    Lot size:
    5,000.00 Acres

    Property Features for 1134 Crane St

    General Information

    Standard status
    Active
    Zoning
    Commercial Office
    Size
    9,100 SF
    Lot size
    5,000.00 Acres

    We can help!

    Listing Contact
    Patrick Stafford
    Patrick Stafford
    Source: Crexi

    Listing Agency: Mahoney & Associates Listing Agent: Patrick Stafford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Menlo Park Two-Story Office Building

    Located one block from Santa Cruz Avenue, 1134 Crane St. in Menlo Park, CA, is a two-story office building with approximately 9,100 square feet of space. Situated on a lot of approximately 5,000 square feet in downtown Menlo Park, the property is suitable for an owner/user or investor. The second floor, encompassing approximately 4,850 square feet, is currently vacant and features three private offices, a large conference room, and an open work area, allowing for immediate occupancy or lease-up. The ground floor is leased to Lindamood-Bell Learning Process through September 30, 2029, with an option to extend for 1–5 years. The current rent is $21,097 per month, which equates to $4.35 per square foot, modified gross, with annual increases of 3%. The tenant is responsible for utilities and janitorial services.
    Location Intelligence

    Current Use by Public Records

    Santa Clara Valley ... Historical Society Peter Feldenheimer & Associates Insurance Agency Eta Law Firm Burke Law Group Law Firm Silicon Valley Historical ... Association / Organization

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Menlo Park
    County
    San Mateo
    State
    California
    Longitude
    -122.1854595
    Latitude
    37.4515737

    Nearby Similar for Sale

    • $4,495,000

      Menlo Park Restaurant with Rooftop

      Prime location restaurant with unique rooftop terrace in Menlo Park.
      1075/1077 El Camino Real, Menlo Park, CA 94025
      View Details
    • $4,795,000
      3,640 SF

      Prime Retail Space Near Caltrain

      High-visibility retail space in high-growth area near Caltrain.
      1075 El Camino Real, Menlo Park, CA 94025
      View Details
    • $4,490,000
      3,640 SF

      High Visibility Retail Space Available

      Retail space in high-traffic, high-growth area near Caltrain.
      1077 El Camino Real, Menlo Park, CA 94025
      View Details
    • $1,680,000

      Menlo Park Retail Space Available

      Commercial retail space in downtown Menlo Park near Caltrain.
      695 Oak Grove Ave, Menlo Park, CA 94025
      View Details
    • New
      $3,850,000
      14,630 SF

      Menlo Park Apartment Building Investment

      Rare 1990 construction apartment building in Menlo Park.
      211 Semicircular Rd, Menlo Park, CA 94025
      View Details
    • $1,680,000
      11,866 SF

      Menlo Park Retail Showroom Space

      Downtown Menlo Park retail space near Caltrain and Highway 101.
      695 Oak Grove Ave, Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Menlo Park Office Space Available

      Versatile office space in a prime Menlo Park location.
      659 Oak Grove Ave, Menlo Park, CA 94025
      View Details
    • $1,680,000

      Retail Space in Downtown Menlo

      Retail space in downtown Menlo Park, near Caltrain and amenities.
      695 Oak Grove Ave, Menlo Park, CA 94025
      View Details
    • $2,388,000
      Pending

      Menlo Park Multifamily Opportunity

      Multifamily property with three separate units on a large lot.
      2513 Alpine Rd, Menlo Park, CA 94025
      View Details
    • $6,700,000
      9,187 SF

      Menlo Park Mixed-Use Investment

      Mixed-use property with office and live/work suites in Menlo Park.
      1800 El Camino Real, Menlo Park, CA 94025
      View Details
    • $2,388,000
      Pending

      Menlo Park Specialty Property

      Specialty property available for sale in Menlo Park, CA.
      2513 Alpine Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      1,499 SF

      Medical/Dental Condo in Menlo Park

      1,499 SF medical/dental condo in downtown Menlo Park.
      695 Oak Grove Ave, Menlo Park, CA 94026
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building in downtown Menlo Park for sale.
    Where is this office building located?
    The property is located at 1134 Crane St Menlo Park, CA.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: - Prime Menlo Park location, one block from Santa Cruz Avenue, in the heart of downtown.; - Significant income potential with a long-term lease in place on the ground floor (Lindamood-Bell Learning Process through September 2029 with extension option).; - **Vacant ±4,850 SF second floor allows for immediate owner/user occupancy or lease-up opportunity.**
    (831) 238-3592
    Request Owner's contact information
    1134 Crane St Menlo Park, CA 94025
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1134 Crane St
    Menlo Park, CA 94025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1134 Crane St Menlo Park, CA 94025
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick Stafford
    Patrick Stafford
    Real Estate License ID: 01857243
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!