Menlo Park Mixed-Use
For Sale
$6,700,000
1800 El Camino Real, Menlo Park, CA 94027
Mixed-use property with office and live/work suites in Menlo Park.
Property Size9,187 SF
Price / SF$729.29
Days on Market156
Property Features for 1800 El Camino Real
General Information
Standard status
Active
Size
9,187 SF
Taxes and HOA fees
Annual Taxes
$77,558
Listing Agency:
Corcoran Icon Properties
(650) 207-5253
Listed By:
Steve Belluomini · License #0204779
(650) 207-5253
Source:
Exprealty
Added: Mar 21
Changed: Aug 23
Last Checked: Aug 23 at 4:56AM
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.
Located along El Camino Real, this mixed-use property offers visibility and access to Menlo Park, Atherton, Stanford University, and Sand Hill Road. The building has an area of approximately 9,187 square feet and is leased to two commercial tenants on triple net (NNN) leases. The second floor includes a 1,731 square foot office suite with a conference room and restroom, and a 2,500 square foot live/work suite with a kitchen and multiple restrooms. The live/work suite offers flexible workspace for approximately 11 to 34 occupants. The property is positioned along the El Camino Real corridor, which sees approximately 35,000 to 40,000 vehicles per day.
Key Highlights
- Located on El Camino Real with high traffic volume (35,000–40,000 vehicles per day), offering excellent visibility and access.
- Mixed‑use property with both office and live/work suites.
- Leased to two commercial tenants on NNN leases, providing stable income with minimal landlord responsibilities.
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
$296,774
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
4.43%
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%
$5,935,480
$5.9M
Cap Rate 7%
$4,239,629
$4.2M
Cap Rate 9%
$3,297,489
$3.3M
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
−$155.8K −$16.95/SF
EGI
$474.8K $51.69/SF
− OpEx
−$178.1K −$19.38/SF
NOI
$296.8K $32.30/SF
Area
San Mateo County, CA
Vacancy
24.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
37.50%
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%
$5,935,480
Cap Rate 7%
$4,239,629
Cap Rate 9%
$3,297,489
Alternative Uses
Best Use
Mixed Use
$4.24M
$3.71M – $4.95M
NOI $296,774 @ 7.0% cap · market cap 4.43%
Second Best
Office B
$4.20M
$3.68M – $4.90M
NOI $294,241 @ 7.0% cap · market cap 4.39%
Theoretical Best
Warehouse
$7.30M
$6.39M – $8.51M
NOI $510,814 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with office and live/work suites in Menlo Park.
Where is this mixed-use property 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 $6,700,000.
What are key features of this property?
This property features: Located on El Camino Real with high traffic volume (35,000–40,000 vehicles per day), offering excellent visibility and access.; Mixed‑use property with both office and live/work suites.; Leased to two commercial tenants on NNN leases, providing stable income with minimal landlord responsibilities.
