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    Medical/Dental Condo in Menlo Park Title is generated by Realmo AI

    695 Oak Grove Ave, Menlo Park, CA 94026

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    1,499 SF medical/dental condo in downtown Menlo Park.

    Type:Office
    Property size:
    1,499 SF
    Added:
    Feb 2, 2026
    Days on Market:
    99
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 695 Oak Grove Ave

    General Information

    Standard status
    Active
    Size
    1,499 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Alex Caruso
    Alex Caruso

    Listing agent Alex Caruso License #CA 02136271

    Listing office Global Commercial

    Listing date Feb 2, 2026

    Source Crexi

    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 Global Commercial

    HighLights

    • Prime Menlo Park location: Heart of downtown, walking distance to amenities and Caltrain.
    • Professionally finished 1,499 SF medical/dental condo.
    • Flexible layout: Private office/exam room and large open clinical area.
    • Water hookups for approximately 6 operatories.
    • Ample parking for patients and staff.
    • Monument signage opportunities for strong visibility.

    Overview

    Located at 695 Oak Grove Avenue, Suites 310 & 320, this 1,499 SF condo presents an opportunity for medical, dental, or professional office use in downtown Menlo Park. The unit features one private office/exam room and a large open clinical area. Water hookups are located under the floor for approximately 6 operatories. Previously occupied by a dental practice, the layout provides flexibility for various medical specialties or professional services. The elevator-served condo is located in the heart of downtown Menlo Park, offering walking access to restaurants, shops, and services along Santa Cruz Avenue. The property features monument signage opportunities for visibility and ample parking. The location is three blocks from the Menlo Park Caltrain station, providing access to San Francisco and the South Bay. The building's professional atmosphere and central location make this an ideal location for practices or established providers looking to relocate to Menlo Park.
    Location Intelligence

    Current Use by Public Records

    Silicon Valley Orthopaedics Medical Clinic TRUNK FLOOR Construction Company Good Points Acupuncture Medical Clinic Institute for Joint Restoration- ... Physician Gary Eggers Dental Office

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Peninsula Pet Hospital — 548 Glenwood Ave, Menlo Park, CA 94025
    • Peninsula Pet Hospital: Cortesi Charles DVM — 548 Glenwood Ave, Menlo Park, CA 94025
    • Bradford Robert F DVM — 1125 Merrill St, Menlo Park, CA 94025
    • Animal Eye Doctor: Szymanski Carol DVM — 1444 El Camino Real, Menlo Park, CA 94025
    • West Coast Veterinary Surgical — 500 Santa Cruz Ave, Menlo Park, CA 94025

    Location Insight

    • Map
    • Local Demand
    City
    Menlo Park
    County
    San Mateo
    State
    California
    Longitude
    -122.18505
    Latitude
    37.453001

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    FAQs

    What type of property is this?
    Medical Office Space - 1,499 SF medical/dental condo in downtown Menlo Park.
    Where is this medical office space located?
    The property is located at 695 Oak Grove Ave Menlo Park, CA.
    What are key features of this property?
    This property features: Prime Menlo Park location: Heart of downtown, walking distance to amenities and Caltrain.; Professionally finished 1,499 SF medical/dental condo.; Flexible layout: Private office/exam room and large open clinical area.
    (408) 464-8388 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Caruso
    Alex Caruso
    Real Estate License ID: CA 02136271
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    695 Oak Grove Ave, Menlo Park, CA 94026
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