Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    149 Commonwealth Dr Menlo Park, CA 94025

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent in Menlo Park, California.

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Eric Sorensen
    Source: Cushmanwakefield

    Listing Agent: Eric Sorensen

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

    Learn more

    Overview

    Menlo Park Office Space Available

    Located in Menlo Park, California, this property offers office spaces for rent. The property is suitable for office buildings and office properties.
    Location Intelligence

    Current Use by Public Records

    Exponent Engineering Consultant American Standard Auto Insurance Agency Agility IP Law, ... Law Firm CleverInsight Software Company Cross a D Business Management Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -122.173869
    Latitude
    37.481053

    Nearby Similar for Lease

    • $7 SF/Yr
      5,608 SF

      Menlo Park Class A+ Office

      Class A+ office space in Menlo Park for lease.
      200 Middlefield Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      4,041 SF

      Class A Garden Office Park

      Class A office space with secured courtyard and modern amenities.
      545 Middlefield Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      1,513 SF

      Class A Garden Office Park

      Three-building office park with secured courtyard and extensive windowline.
      525 Middlefield Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Menlo Park Office Space Available

      Class A office space with medical use permitted, divisible.
      1080 Marsh Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      9,080 SF

      Class A Retail Space Available

      High-visibility retail space in an exclusive, high-income neighborhood.
      3500 Alameda De Las Pulgas, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      11,523 SF

      Remodeled Office Space Near Stanford

      Fully remodeled and furnished office space near Stanford University.
      2882 Sand Hill Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Menlo Park Office/Lab Sublease

      Available office and lab space in Menlo Park, California.
      1430 O'brien Dr, Menlo Park, CA 94025
      View Details
    • $105 SF/Yr
      9,239 SF

      Menlo Park Executive Office Suites

      Class A Office Space, Menlo Park, CA
      1010 El Camino Real, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      4,860 SF

      Menlo Park Executive Office Suite

      Prime Menlo Park Office Space Available
      707 Menlo Ave, Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Downtown Menlo Park Office Space

      Office space in downtown Menlo Park with flexible lease terms.
      Menlo Park, CA 94301
      View Details
    • Contact for pricing
      42,383 SF

      Menlo Park Office and Gym Space

      Office and gym space with outdoor collaboration areas and amenities.
      80 Willow Rd, 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 94025
      View Details

    FAQs

    What type of property is this?
    Office building - Office space for rent in Menlo Park, California.
    Where is this office building located?
    The property is located at 149 Commonwealth Dr Menlo Park, CA.
    What are key features of this property?
    This property features: - Office space for rent; - Located in Menlo Park, California; - Year Built: 1989
    (708) 752-2268
    Request Owner's contact information
    149 Commonwealth Dr 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.
    149 Commonwealth Dr
    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
    149 Commonwealth Dr 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
    Eric Sorensen
    (708) 752-2268
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.