Office Building Steps From
For Sale
Contact for pricing
1134 Crane St, Menlo Park, CA 94025
Office building near downtown Menlo Park with steps access to two city parking lots.
Property Size9,100 SF
Price / SF$857.14
Days on Market234
Property Features for 1134 Crane St
General Information
Standard status
Active
Size
9,100 SF
Property subtype
OFFICE
Listing Agency:
Mahoney & Associates Commercial Real Estate
(831) 646-1919
Listed By:
Josh Jones · License #01352818
(831) 655-9206
Source:
Moodyscre
Added: Mar 9
Changed: Oct 26
Last Checked: Oct 26 at 7:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mahoney & Associates Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building at 1134 Crane St is positioned for both an owner/user and an investor. The property is located in the heart of downtown Menlo Park and is described as being steps from two city parking lots, supporting convenient day-to-day access.
The offering is also noted as being one block from Santa Cruz Avenue, placing it within close proximity to the area’s commercial activity.
The property presents as an office-focused asset and is available for sale.
The offering is also noted as being one block from Santa Cruz Avenue, placing it within close proximity to the area’s commercial activity.
The property presents as an office-focused asset and is available for sale.
Key Highlights
- Office building with steps access to two city parking lots
- Located in the heart of downtown Menlo Park
- One block from Santa Cruz Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$291,454
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,829,080
$5.8M
Cap Rate 7%
$4,163,629
$4.2M
Cap Rate 9%
$3,238,378
$3.2M
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$500.1K $54.96/SF
− Vacancy
−$111.5K −$12.26/SF
EGI
$388.6K $42.70/SF
− OpEx
−$97.2K −$10.68/SF
NOI
$291.5K $32.03/SF
Area
San Mateo County, CA
Vacancy
22.30%
Lease Rate
$54.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,829,080
Cap Rate 7%
$4,163,629
Cap Rate 9%
$3,238,378
Alternative Uses
Best Use
Office B
$4.16M
$3.64M – $4.86M
NOI $291,454 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.23M
$6.32M – $8.43M
NOI $505,977 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,977
Businesses Nearby
Explore this area
Business Placement
Demographics for 94025, CA
42,354
Population
16,259
Households
2.6
Avg Household Size
39
Median Age
73%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
5,042
Density / Sq Mi
$215,871
Median Household Income
$98,160
Median Earnings
$3,169
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building near downtown Menlo Park with steps access to two city parking lots.
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 $7,800,000.
What are key features of this property?
This property features: Office building with steps access to two city parking lots; Located in the heart of downtown Menlo Park; One block from Santa Cruz Avenue
