Neighborhood Retail
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For Sale
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3301 Middlefield Rd, Menlo Park, CA 94025
Fully occupied center with Neighborhood Mixed Use zoning and access to major transportation routes.
Property Size16,124 SF
Price / SF$297.69
Days on Market5
Property Features for 3301 Middlefield Rd
General Information
Standard status
Active
Size
16,124 SF
Property subtype
RETAIL
Zoning
Neighborhood Mixed Use
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Newmark | San Francisco
(650) 473-4761
Listed By:
Carter Norton
(650) 208-0068
Source:
Moodyscre
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 21 at 1:00PM
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 Newmark | San Francisco
Investment Insights
Based on property information with market context.
This 16,124-square-foot neighborhood retail center at 3301 Middlefield Rd is fully leased to twelve tenants, providing a multi-tenant commercial configuration. The property is located along the established Middlefield Road commercial corridor and carries Neighborhood Mixed Use zoning, which supports both residential and commercial uses.
Access is available to Highway 101, El Camino Real, and Caltrain service. The property is positioned between Palo Alto and Redwood City within Silicon Valley, placing it in an established regional commercial setting.
Access is available to Highway 101, El Camino Real, and Caltrain service. The property is positioned between Palo Alto and Redwood City within Silicon Valley, placing it in an established regional commercial setting.
Key Highlights
- 16,124‑square‑foot neighborhood retail center
- Fully leased to twelve tenants
- Neighborhood Mixed Use zoning supports residential and commercial uses
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
$411,752
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
8.58%
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%
$8,235,040
$8.2M
Cap Rate 7%
$5,882,171
$5.9M
Cap Rate 9%
$4,575,022
$4.6M
Market Conditions
NOI Build-Up for 16,124 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
$617.2K $38.28/SF
− Vacancy
−$29.0K −$1.80/SF
EGI
$588.2K $36.48/SF
− OpEx
−$176.5K −$10.94/SF
NOI
$411.8K $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 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%
$8,235,040
Cap Rate 7%
$5,882,171
Cap Rate 9%
$4,575,022
Alternative Uses
Best Use
Retail
$5.88M
$5.15M – $6.86M
NOI $411,752 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.81M
$11.21M – $14.94M
NOI $896,524 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 37%
Electronics 9%
Hotels & Casinos 6%
Jack in the Box
Dining
11,711 visits/mo
0.4 miles
Shell
Shops & Services
10,859 visits/mo
0.4 miles
Pizza Hut
Dining
3,937 visits/mo
0.1 miles
QuikStop
Shops & Services
2,861 visits/mo
0.1 miles
Best Western Plus Executive Suites
Hotels & Casinos
2,388 visits/mo
0.3 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied center with Neighborhood Mixed Use zoning and access to major transportation routes.
Where is this shopping center located?
The property is located at 3301 Middlefield Rd Menlo Park, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 16,124‑square‑foot neighborhood retail center; Fully leased to twelve tenants; Neighborhood Mixed Use zoning supports residential and commercial uses
