Four-Unit Multifamily
For Sale
Contact for pricing
830 UNIVERSITY DR, Menlo Park, CA 94025
Multifamily property with R3000 zoning and a four-unit configuration.
Property Size4,168 SF
Price / SF$862.52
Days on Market15
Property Features for 830 UNIVERSITY DR
General Information
Standard status
Active
Size
4,168 SF
Class
B
Property subtype
Multifamily
Zoning
R3000
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$83,839
Additional Details
Multifamily Units
4
Building Details
Year Built
1924
Buildings
3
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Borelli Investment Company
Listed By:
Steve Bouret · License #CA 00587046
Source:
Crexi
Added: Aug 8
Changed: Aug 16
Last Checked: Aug 21 at 10:56AM
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 Borelli Investment Company
Investment Insights
Based on property information with market context.
This multifamily property at 830 University Dr in Menlo Park contains four units within 4,168 square feet. Built in 1924, the property carries R3000 zoning and is classified as a quadplex.
Key Highlights
- Four‑unit multifamily property
- 4,168 SF of total property size
- R3000 zoning
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
$121,121
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
3.37%
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%
$2,422,420
$2.4M
Cap Rate 7%
$1,730,300
$1.7M
Cap Rate 9%
$1,345,789
$1.3M
Market Conditions
NOI Build-Up for 4,168 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
$185.1K $44.40/SF
− Vacancy
−$12.0K −$2.89/SF
EGI
$173.0K $41.51/SF
− OpEx
−$51.9K −$12.45/SF
NOI
$121.1K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /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%
$2,422,420
Cap Rate 7%
$1,730,300
Cap Rate 9%
$1,345,789
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.02M
NOI $121,121 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,441 @ 7.0% cap · market cap 3.16%
Theoretical Best
Warehouse
$3.31M
$2.90M – $3.86M
NOI $231,748 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,862
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with R3000 zoning and a four-unit configuration.
Where is this quadplex located?
The property is located at 830 UNIVERSITY DR Menlo Park, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 4,168 SF of total property size; R3000 zoning
