Flex
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 Market50
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: Oct 25
Last Checked: Oct 26 at 10:27PM
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
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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 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 / Yr
$420,670
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in West region
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
