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

    1165 - 1195 Merrill St Menlo Park, CA 94025

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space available in Menlo Park, California.

    Type:Retail
    Property size:
    7,463 SF
    Added:
    Mar 8, 2026
    Days on Market:
    45
    Last Refresh:
    Mar 8 at 1:16 am

    Property Features for 1165 - 1195 Merrill St

    General Information

    Standard status
    Active
    Size
    7,463 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Brett Weber
    Brett Weber

    Listing agent Brett Weber License #00901454

    Listing office Kidder Mathews - San Jose

    Listing date Mar 8, 2026

    Source Kidder

    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 Kidder Mathews - San Jose

    Overview

    Menlo Park Retail Space Available

    This commercial real estate property offers 7,463 square feet of retail space. Located in Menlo Park, California, the property is suitable for retail businesses.
    Location Intelligence

    Current Use by Public Records

    Farmhouse Kitchen Thai ... Restaurant iMenuToGo Restaurant

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -122.183392
    Latitude
    37.454695

    Nearby Similar for Sale

    • $4,495,000
      3,640 SF

      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
    • $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
    • $8,500,000
      9,100 SF

      Menlo Park Two-Story Office Building

      Two-story office building in downtown Menlo Park for sale.
      1134 Crane St, Menlo Park, CA 94025
      View Details
    • $6
      6,000 SF

      Menlo Park Office Space Available

      Versatile office space in a prime Menlo Park location.
      659 Oak Grove Ave, 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
    • $3,850,000
      14,630 SF

      Menlo Park Apartment Building Investment

      Rare 1990 construction apartment building in Menlo Park.
      211 Semicircular Road, 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
    • $3,375,000
      3,000 SF

      Menlo Park Retail Investment Opportunity

      Fully leased, three-tenant retail property in Menlo Park, California.
      403 El Camino Real, Menlo Park, CA
      View Details
    • Contact for pricing
      4,000 SF

      Menlo Park Retail Redevelopment Opportunity

      Prime downtown location with redevelopment potential near Caltrain.
      1137-1141 Chestnut St, Menlo Park, CA
      View Details
    • $4,795,000
      3,640 SF

      Restaurant/Retail Opportunity Near Caltrain

      Two-story restaurant/bar with outdoor dining in high-growth area.
      1075-1077 El Camino Real, Menlo Park, CA
      View Details
    • Contact for pricing
      20,000 SF

      Menlo Park Flexible Building

      Flexible building suitable for industrial, lab, R&D, or office.
      1020 O'Brien Dr, Menlo Park, CA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Menlo Park, California.
    Where is this retail space located?
    The property is located at 1165 - 1195 Merrill St Menlo Park, CA.
    What are key features of this property?
    This property features: Retail space available.; Located in Menlo Park, California.; Built in 2002.
    (650) 771-3000
    We can help!
    Listing Contact
    Brett Weber
    Brett Weber
    Real Estate License ID: 00901454
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!