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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Retail space
1125 Merrill St Menlo Park, CA 94025-4379
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-2431630
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
10,094 SF
Lot
0.15 ac (6,481 SF)
Zoning code
CH00C4
APN
061-441-030
UPID
US09-2431630
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
-
Gwen Luce Realtor®, Coldwell Banker Realty, License #00879652 Real Estate Agency
-
Carrie Davis, Coldwell Banker Realty Real Estate Agency
-
Hugh Cornish Real Estate Agency
-
Coldwell Banker Realty - Menlo Park Real Estate Agency
-
Sally Wood Williams - Realtor/Coldwell Banker Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
Merrill Street Investors LLC · 9 yrs held
Merrill Street Investors LLC
since 2017
7 recorded transactions
Zoning & alternative use
CH00C4 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,135,000
Current use
COMMERCIAL (GENERAL)
$4,665,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,585,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10%
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
$320 / 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
$192,034
Tax year 2024
Assessed value
$17,378,160
Assessed 2024
Previous assessed
$17,378,160
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,414,776
Assessed improvement
$12,963,384
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Heating
NONE
Stories
4
Total area
10,094 SF
Lot
0.15 ac (6,481 SF)
Zoning code
CH00C4
APN
061-441-030
UPID
US09-2431630
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C4 · Menlo Park, CA
Zoning CH00C4 · permitted uses
CH00C4 · 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
RETAIL STORES Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RETAIL STORES Current
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
2021
Heating
NONE
Stories
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Merrill Street Investors LLC
Entity
Mailing address
PO BOX 1672, PALO ALTO, CA 94302-1672
Ownership since
2017
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
Jun 30, 2022
—
Merrill Street Investors LLC
—
Deed
related
—
Mar 30, 2022
—
Merrill Street Investors LLC
—
Deed
related
$54,000,000 · City National Bank
Dec 28, 2018
—
Merrill Street Investors LLC
—
Grant Deed
related
$45,000,000 · City Nat'l Bk
Feb 14, 2017
$4,000,000
Merrill Street Investors LLC
1125 Merrill Street Associates LLC
Grant Deed
—
Feb 6, 2001
—
1125 Merill Street Associates
Mid-peninsula Animal Hospital
Grant Deed
related
—
Apr 1, 1996
$540,000
Mid-peninsula Animal Hospital
Bradford,robert F & Janice A
Trustees Deed
$472,500 · Seller
Apr 1, 1996
—
Robert F Bradford
Bradford Trust
Quit Claim Deed
related
—
Dec 31, 1993
—
Robert&janice,bradford Trust
Bradford,r.&j.
Quit Claim Deed
related
—
Nov 29, 1990
$56,000
Robert Bradford
Schulte,j.
Quit Claim Deed
related
—
—
—
Robert F Bradford
—
Deed Of Trust
related
$150,000 · Individual
—
—
1125 Merrill Street Assocs LLC
—
Deed Of Trust
related
$500,000 · Comerica Bank
—
—
1125 Merrill Street Assocs LLC
—
Deed Of Trust
related
$1,100,000 · California Bank & Trust
—
—
Robert Bradford
—
Deed Of Trust
related
$200,000 · Individual
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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