New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Office buildings
1040 Noel Dr, Menlo Park, CA 94025-3358
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0703745
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1906
Total area
6,800 SF
Lot
0.8 ac (34,693 SF)
Zoning code
XX000H
APN
061-411-090
UPID
US09-0703745
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
-
The Perfect Workout Gym & Fitness Center
-
EBS Psychology - Elena Spector, Psy.D. Physician Medical Clinic
-
Sirius Wealth Management Strategies Financial Advisor
-
Kait Philbin, Ph.D., BCC, Life and Executive Coaching Life Coach
-
Poised Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Camelot Properties LLC · 24 yrs held
Camelot Properties LLC
since 2001
7 recorded transactions
Zoning & alternative use
XX000H · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$279 / 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
$42,837
Tax year 2024
Assessed value
$3,616,424
Assessed 2024
Previous assessed
$3,616,424
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,164,383
Assessed improvement
$452,041
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1906
Heating
NONE
Total area
6,800 SF
Lot
0.8 ac (34,693 SF)
Zoning code
XX000H
APN
061-411-090
UPID
US09-0703745
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
XX000H · Menlo Park, CA
Zoning XX000H · permitted uses
XX000H · 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.
Building & site characteristics
From public records
Year built
1906
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
Camelot Properties LLC
Entity
Mailing address
975 HIGH ST, PALO ALTO, CA 94301-2423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2001
—
Camelot Properties LLC
Lovett,delores A
Grant Deed
related
—
May 5, 2000
—
Delores A Lovett
Benton,w E & Lorraine
Grant Deed
$100,000 · Cala Trust
Sep 15, 1994
$48,481
Bright Eagle Associates
Vaca Valley Trucking INC
Trustees Deed
—
Sep 15, 1994
$36,363
Bright Eagle Associates
Vaca Valley Trucking INC
Trustees Deed
—
Sep 15, 1994
$37,881
Bright Eagle Associates
Vaca Valley Trucking INC
Trustees Deed
related
—
Sep 15, 1994
$90,909
Bright Eagle Associates
Vaca Valley Trucking INC
Trustees Deed
related
—
Sep 15, 1994
$60,609
Bright Eagle Associates
Vaca Valley Trucking INC
Trustees Deed
related
—
Sep 15, 1994
$68,181
Bright Eagle Associates
Vaca Valley Trucking INC
Trustees Deed
related
—
Jul 31, 1992
—
Vaca Valley Trucking Corp
Bec Trust Deed S
Trustees Deed
related
—
Dec 28, 1990
—
Lakeview Realty
Obead,n.
Grant Deed
related
—
Nov 4, 1988
—
Lakeview Realty
—
Quit Claim Deed
related
$750,000 · Individual
—
—
Lakeview Realty
—
Deed Of Trust
related
$15,000 · Individual
—
—
Delores A Lovett
—
Deed Of Trust
related
$800,000 · Borel Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1040 Noel Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
