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Property profile & analytics
FOR LEASE
Warehouses
1020 O’brien Dr Menlo Park, CA 94025
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2945912
For Lease
$10,785,000
1020 O’brien Dr, Menlo Park, CA 94025
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
20,000 SF
Lot
1.1 ac (48,000 SF)
Zoning code
MH00M2
APN
055-422-060
UPID
US10-2945912
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.52M
Blend (final)
Blend
$10.79M
Owner & transaction history
1030 Obrien LLC · 5 yrs held
1030 Obrien LLC
since 2021
Last sale
$9.2M
7 recorded transactions
Zoning & alternative use
MH00M2 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+76.7%
Office building
$12.8M
+67.6%
Apartment house (5+ units)
$11.1M
+45.4%
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
$12,100,000
ML approach
$11,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,655,000
Current use
RESTAURANT
$13,525,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$12,830,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,130,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,795,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$10,170,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,245,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,085,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$10.79M
Range $9.71M – $11.86M · ±10% · vs last sale $9.20M (Apr 1 2021)
Last sale anchor
$9.20M
Apr 1 2021
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
$539 / 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
$112,245
Tax year 2024
Assessed value
$9,763,113
Assessed 2024
Previous assessed
$9,763,113
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$9,752,501
Assessed improvement
$10,612
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Heating
NONE
Stories
1
Total area
20,000 SF
Lot
1.1 ac (48,000 SF)
Zoning code
MH00M2
APN
055-422-060
UPID
US10-2945912
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
WAREHOUSE, STORAGE Current
Est. value
$7.7M
RESTAURANT
Est. value
$13.5M
OFFICE BUILDING
Est. value
$12.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
RETAIL STORES
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$9.1M
WAREHOUSE, STORAGE Current
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
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
1030 Obrien LLC
Entity
Mailing address
664 GILMAN ST, PALO ALTO, CA 94301-2528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
$9,200,000
1030 Obrien LLC
Marcia L Waples
Grant Deed
$6,440,000 · Avidbank
Mar 9, 2021
—
Michael R Cabak
Michael R Cabak
Intrafamily Transfer
related
—
May 17, 2007
$600,000
Cabak Michael R & Marilyn M Tr
Waples,douglas W
Grant Deed
—
Jan 12, 2004
—
Douglas W Waples
Waples,tr
Quit Claim Deed
related
—
Aug 4, 1992
—
Duffy Roberta Trustee
James&roberta Br
Grant Deed
related
—
Jul 27, 1992
—
Roberta Duffy Trustee
James&roberta Bu
Grant Deed
related
—
May 5, 1992
—
Robert Waples Trustee
Waples Robert S
Quit Claim Deed
related
—
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.
Try Rey
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