Mixed-Use Corner with Approved
32013205 Middlefield Road Menlo Park, CA 94025
For Sale
$2,099,000
Corner mixed-use property with approved redevelopment plans for modern residential and retail layouts.
Property Size6,395 SF
Price / SF$328.23
Days on Market8
Property Features for 32013205 Middlefield Road
General Information
- Standard status
- Active
- Size
- 6,395 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing Agency:
(650) 462-1111
Listed By:
Compass
Source:
Xome
Added: Jul 18
Changed: Jul 24
Last Checked: Jul 24 at 4:29AM
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 Compass
Investment Insights
Based on property information with market context.
3201–3205 Middlefield Road is a mixed-use corner property offered for sale with approved redevelopment plans in place. The package includes elevation blueprints and an NMU/DR development concept engineered to optimize the site footprint under San Mateo County Neighborhood Mixed Use standards.
The redevelopment design contemplates modern residential and retail layouts within a cohesive structural and architectural approach. The current offering is positioned as a redevelopment-ready asset with approvals already addressed, supporting an updated residential-and-retail mix at this prominent corner location with frontage along Middlefield Road.
For buyers and brokers evaluating opportunities with approved plans, this property provides the entitlement direction and design framework for moving forward with the proposed modern residential and retail redevelopment.
The redevelopment design contemplates modern residential and retail layouts within a cohesive structural and architectural approach. The current offering is positioned as a redevelopment-ready asset with approvals already addressed, supporting an updated residential-and-retail mix at this prominent corner location with frontage along Middlefield Road.
For buyers and brokers evaluating opportunities with approved plans, this property provides the entitlement direction and design framework for moving forward with the proposed modern residential and retail redevelopment.
Key Highlights
- 3201–3205 Middlefield Road corner mixed‑use property with approved redevelopment plans for modern residential and retail layouts
- San Mateo County NMU/DR Neighborhood Mixed Use concept with engineered elevation blueprints to optimize the site footprint
- Central air and composition roof
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $333.8k | $52.20 |
| − Vacancy | −$17.4k | −$2.71 |
| EGI | $316.5k | $49.49 |
| − OpEx | −$142.4k | −$22.27 |
| NOI | $174.1k | $27.22 |
6,395 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$2.95M
$2.58M – $3.44M
NOI $206,582 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$2.49M
$2.18M – $2.90M
NOI $174,053 @ 7.0% cap · market cap 8.29%
Theoretical Best
Warehouse
$5.08M
$4.44M – $5.93M
NOI $355,574 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - Corner mixed-use property with approved redevelopment plans for modern residential and retail layouts.
Where is this mixed-use property located?
The property is located at 32013205 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: 3201–3205 Middlefield Road corner mixed‑use property with approved redevelopment plans for modern residential and retail layouts; San Mateo County NMU/DR Neighborhood Mixed Use concept with engineered elevation blueprints to optimize the site footprint; Central air and composition roof
