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Property profile & analytics
OFF-MARKET
Estimated value
$8,825,000
Manufacturing properties
1 Casey Ct Menlo Park, CA 94025-1405
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2243727
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Total area
15,960 SF
Lot
1.68 ac (73,021 SF)
Zoning code
MH00M2
APN
055-433-180
UPID
US09-2243727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ReadyRefresh Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.40M
CAP Approach
CAP
$11.25M
Comparable Approach
Comparable
$7.74M
Blend (final)
Blend
$8.83M
Owner & transaction history
Obrien Drive Portfolio II LLC · 3 yrs held
Obrien Drive Portfolio II LLC
since 2023
Last sale
$8.7M
7 recorded transactions
Zoning & alternative use
MH00M2 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.8M
+106.6%
Office building
$10.2M
+96.0%
Apartment house (5+ units)
$8.9M
+70.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Menlo Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menlo Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,560,000
ML approach
$9,395,000
CAP Approach
CAP Return
Estimation
6%
$12,180,000
6.5%
$11,245,000
7%
$10,440,000
Alternative Use
Use
Estimation
RESTAURANT
$10,790,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$10,240,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,880,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,615,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$8,115,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,375,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,250,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$8.83M
Range $7.94M – $9.71M · ±10% · vs last sale $8.71M (Apr 20 2023)
Last sale anchor
$8.71M
Apr 20 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$553 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$104,275
Tax year 2024
Assessed value
$9,064,485
Assessed 2024
Previous assessed
$9,064,485
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$9,054,081
Assessed improvement
$10,404
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Heating
NONE
Total area
15,960 SF
Lot
1.68 ac (73,021 SF)
Zoning code
MH00M2
APN
055-433-180
UPID
US09-2243727
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · Menlo Park, CA
Zoning MH00M2 · permitted uses
MH00M2 · Menlo Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menlo Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
RETAIL STORES
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Lot
1.68 ac
Current owner
From public records · entity-resolved
Obrien Drive Portfolio II LLC
Entity
Mailing address
1530 OBRIEN DR STE C, MENLO PARK, CA 94025-1454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
—
Obrien Drive Portfolio II LLC
Obrien Drive Portfolio LLC
Intrafamily Transfer
related
—
Nov 10, 2022
—
Obrien Drive Portfolio LLC
Sahyoun Menlo Limited Partnership L
Quit Claim Deed
related
—
Mar 29, 2022
$8,712,500
Obrien Drive Portfolio LLC
Clayton Patterson
Grant Deed
—
Jan 6, 2021
—
Decedents,grek Trust
Grek 1998 Family Trust
Quit Claim Deed
related
—
Mar 1, 2019
—
Grek Family Trust
Wilma M Grek
Affidavit Of Death
related
—
Apr 3, 2018
—
Grek Family I998 Trust
—
Deed
related
$400,000 · Spina II Trust (pt)
Jun 20, 2012
—
Grek Family 1998 Trust
Grek Family 1998 Trust
Quit Claim Deed
related
—
Oct 26, 1998
—
Grek Trust
Grek,gunther & Wilma M
Quit Claim Deed
related
—
—
—
Grek Family 1998 Trust
—
Deed Of Trust
related
$200,000 · Bank Of The West
—
—
Grek Family I998 Trust
—
Deed Of Trust
related
$400,000 · Spina II Trust (pt)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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