Flex
New
For Sale
$5,800,000
1800 El Camino Real, Menlo Park, CA 94027
Established flex space at a Menlo Park address with strong bicycle, pedestrian, and transit scores.
Property Size9,187 SF
Days on Market4
Property Features for 1800 El Camino Real
General Information
Standard status
Active
Size
9,187 SF
Property subtype
CommercialProperty
Building Details
Building Size
9,187 SF
Year Built
1951
Listing Agency:
Corcoran Icon Properties
Listed By:
Steve Belluomini · License #01095848
(650) 281-8877
Source:
Lynnnorth
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 9:04AM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
This flex space property was built in 1951 and is located at 1800 El Camino Real in Menlo Park, California. The surrounding area has a bike score of 100, a walk score of 76, and a transit score of 53, reflecting strong bicycle access, walkability, and transit connectivity.
Key Highlights
- 1800 El Camino Real, Menlo Park, CA 94027
- Built in 1951
- Bike score of 100
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$420,670
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,413,400
$8.4M
Cap Rate 7%
$6,009,571
$6.0M
Cap Rate 9%
$4,674,111
$4.7M
Market Conditions
NOI Build-Up for 9,187 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$630.6K $68.64/SF
− Vacancy
−$29.6K −$3.23/SF
EGI
$601.0K $65.41/SF
− OpEx
−$180.3K −$19.62/SF
NOI
$420.7K $45.79/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,413,400
Cap Rate 7%
$6,009,571
Cap Rate 9%
$4,674,111
Alternative Uses
Best Use
Industrial
$6.01M
$5.26M – $7.01M
NOI $420,670 @ 7.0% cap · market cap 7.25%
Second Best
Flex RnD
$5.21M
$4.55M – $6.07M
NOI $364,390 @ 7.0% cap · market cap 6.28%
Theoretical Best
Warehouse
$7.30M
$6.39M – $8.51M
NOI $510,814 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94027, CA
7,270
Population
2,682
Households
2.7
Avg Household Size
48
Median Age
86%
College-Educated
99%
High-School Grad
5.0 sq mi
ZIP Area
1,454
Density / Sq Mi
$250,001
Median Household Income
$107,500
Median Earnings
$3,501
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Be Your Own Guest — 1047 El Camino Real, Menlo Park, CA 94025
Frequently Asked Questions
What type of property is this?
Flex space - Established flex space at a Menlo Park address with strong bicycle, pedestrian, and transit scores.
Where is this flex space located?
The property is located at 1800 El Camino Real Menlo Park, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 1800 El Camino Real, Menlo Park, CA 94027; Built in 1951; Bike score of 100
