Building Details

Year built 1950

Roof type Composition

Listing Agency: Compass S***@Compass.com Show Phone

Listed By: Juan De Leon · License #01383120 Show Phone

Added: Jul 21 Changed: Oct 21 Last Checked: Oct 22 at 6:06AM

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MLS# ML82054956

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Investment Insights

Based on property information with market context.

This mixed-use property comprises 6,395 square feet on a 0.1562-acre site. Approved redevelopment plans are part of the offering, and the zoning is RMU/DR - High Density. The building dates to 1950 and has central air conditioning, forced-air heating, and natural gas service. Public water and sewer serve the property.

The site is at the corner of Middlefield Road and is identified by the address 3201-3205 Middlefield Road in Menlo Park, California.

Key Highlights

• 6,395‑square‑foot property on a 0.1562‑acre site
• RMU/DR - High Density zoning
• Approved redevelopment plans

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$163,306

Cap Rate

7.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,266,120 $3.3M

Cap Rate 7%

$2,332,943 $2.3M

Cap Rate 9%

$1,814,511 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,395 SF

Gross rent

$244.8K $38.28/SF

− Vacancy

−$11.5K −$1.80/SF

EGI

$233.3K $36.48/SF

− OpEx

−$70.0K −$10.94/SF

NOI

$163.3K $25.54/SF

Area

San Mateo County, CA

Vacancy

4.70%

Lease Rate

$38.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,266,120

Cap Rate 7%

$2,332,943

Cap Rate 9%

$1,814,511

Alternative Uses

Best Use

Mixed Use

$2.95M

$2.58M – $3.44M (±1% cap)

NOI $206,582 @ 7.0% cap · market cap 9.84%

Second Best

Retail

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $163,306 @ 7.0% cap · market cap 7.78%

Theoretical Best

Warehouse

$5.08M

$4.44M – $5.93M (±1% cap)

NOI $355,574 @ 7.0% cap · market cap 16.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Locksmith Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,405

Businesses Nearby

28k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 63% Shops & Services 17% Electronics 12% Hotels & Casinos 8%

Jack in the Box Dining

11,711 visits/mo 0.5 miles

Pizza Hut Dining

3,937 visits/mo 0.2 miles

QuikStop Shops & Services

2,861 visits/mo 0.2 miles

Best Western Plus Executive Suites Hotels & Casinos

2,388 visits/mo 0.5 miles

Metro by T-Mobile Electronics

2,352 visits/mo 0.1 miles

Demographics for 94025, CA

42,354

Population

16,259

Households

2.6

Avg Household Size

39

Median Age

73%

College-Educated

94%

High-School Grad

8.4 sq mi

ZIP Area

5,042

Density / Sq Mi

$215,871

Median Household Income

$98,160

Median Earnings

$3,169

Median Rent

$2,000,001

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - RMU/DR high-density zoning supports the property's approved redevelopment plans.

Where is this mixed-use property located?

The property is located at 3201-3205 Middlefield Road Menlo Park, CA.

What is the asking price?

The asking price for this property is $2,099,000.

What are key features of this property?

This property features: 6,395‑square‑foot property on a 0.1562‑acre site; RMU/DR - High Density zoning; Approved redevelopment plans