Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Flex Space Available Title is generated by Realmo AI

    1215 Chrysler Dr, Menlo Park, CA 94025

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Adaptable flex space suitable for various commercial uses.

    Type:OFFICE
    Property size:
    2,400 SF
    Added:
    May 22, 2026
    Days on Market:
    9
    Last Refresh:
    May 27 at 7:47 am

    Property Features for 1215 Chrysler Dr

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    OFFICE

    Spaces For Lease

    at 1215 Chrysler Dr Contact us

    We can help!

    Listing Contact
    John Weatherby
    John Weatherby

    Listing agent John Weatherby License #00640295

    Listing office Newmark | Palo Alto

    Listing date May 22, 2026

    Source Moodyscre

    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 Newmark | Palo Alto

    HighLights

    • Versatile Zoning (R‑MU 13) allows for various uses.
    • High Power Capacity: 800 Amps; 480 Volts, 3‑Phase.
    • Includes 9 Private Offices and Furniture.
    • Warehouse features 20’ Insulated Ceiling, Skylights, Fire Sprinkler System, and Epoxy Floor.
    • Two Grade Level Doors (12’ x 14’) with Electric Drive Motors.
    • Fenced Rear Yard with Covered Work Area.

    Overview

    This 2,400-square-foot flex space includes nine private offices and two conference rooms. It features a lunch room, a kitchen/coffee bar, and multiple restrooms, including two ADA-compliant restrooms, a second-floor restroom, and a warehouse restroom with a shower. The property also offers a fenced rear yard with a covered work area and parking at a ratio of 2/1000 on the side and front. Two grade-level doors, each measuring 12’ x 14’ and equipped with electric drive motors, provide access to the warehouse area. The power supply is 800 amps at 480 volts, 3-phase, 4-wire, with stepdown capabilities to 110, 220, and 240 volts. The warehouse has a 20’ insulated ceiling height, skylights, a fire sprinkler system, and an epoxy floor. The zoning is R-MU 13 (Residential Mixed Use), which also allows for retail services, office, industrial, and R&D uses. Furniture is included.
    Location Intelligence

    Current Use by Public Records

    RIOS Intelligent Machines, ... Production Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Htc catering — 765 Marsh Rd apt 1, Menlo Park, CA 94025

    Location Insight

    • Map
    • Local Demand
    City
    Menlo Park
    County
    San Mateo
    State
    California
    Longitude
    -122.1753544
    Latitude
    37.4837385

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      CA, Menlo Park - Commonwealth Dr

      149 Commonwealth Dr, Menlo Park, CA 94025
      View Details
    • $129-$13,854/Mo
      11-1,292 SF

      Spaces Menlo Park

      101 Jefferson Dr, Menlo Park, CA 94025
      View Details
    • $3 SF/Yr
      2,538 SF

      Menlo Park Office Space Available

      Office space with private entrances, server room, and kitchenette.
      3905 Bohannon Drive, Menlo Park, CA, 94025
      View Details
    • $1.00 SF/Yr
      30,044 SF

      Menlo Park Flex/Industrial/Office/Retail Space

      Flex, industrial, office, and retail spaces in Menlo Park.
      1320 Willow Road, Menlo Park, CA, 94025
      View Details
    • $2 SF/Yr
      12,015 SF

      Menlo Park Industrial/Flex Building

      12,015 SF industrial/flex building available for lease.
      4080 Campbell Avenue, Menlo Park, CA 94025
      View Details
    • $78 SF/Yr
      1,002 SF

      Menlo Park Office Space Available

      New construction office space with open floor plan for rent.
      1285 El Camino Real, Menlo Park, CA 94025
      View Details
    • $6 SF/Yr
      437 SF

      Downtown Menlo Park Office Space

      Office space for rent in downtown Menlo Park.
      657-659 Oak Grove Ave, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      34,350 SF

      Menlo Park Office Space Available

      Class A office space with medical use permitted, divisible.
      1080 Marsh Road, Menlo Park, CA 94025
      View Details
    • $1.85 SF/Yr
      18,963 SF

      Menlo Park Warehouse and Office

      Warehouse and office space available for lease in Menlo Park.
      150 Constitution Dr, Menlo Park, CA
      View Details
    • Contact for pricing
      8,611 SF

      Silicon Valley Office Space Available

      Office suites available in the heart of Silicon Valley.
      2700-2770 Sand Hill Road, Menlo Park, CA 94025
      View Details
    • $3 SF/Yr
      1,858 SF

      Menlo Park Office Space Available

      Office space near Caltrain and downtown amenities for lease.
      611 Santa Cruz Ave, Menlo Park, CA
      View Details
    • Contact for pricing
      1,924 SF

      Flex R&D Space Available

      Flex R&D space available for lease in Menlo Park.
      3477-3499 Edison Way, Menlo Park, CA 94025
      View Details

    FAQs

    What type of property is this?
    Flex space - Adaptable flex space suitable for various commercial uses.
    Where is this flex space located?
    The property is located at 1215 Chrysler Dr Menlo Park, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Versatile Zoning (R‑MU 13) allows for various uses.; High Power Capacity: 800 Amps; 480 Volts, 3‑Phase.; Includes 9 Private Offices and Furniture.
    (650) 322-2600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Weatherby
    John Weatherby
    Real Estate License ID: 00640295
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1215 Chrysler Dr, Marlo Park, CA 94025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!