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Property profile & analytics
FOR LEASE
Office buildings
1149 Chestnut St, Menlo Park, CA 94025
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3280663
For Lease
1 / 2
$3,035,000
1149 Chestnut St, Menlo Park, CA 94025
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1960
Total area
7,517 SF
Lot
0.1 ac (4,151 SF)
Zoning code
CL00C3
APN
071-094-050
UPID
US10-3280663
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
-
Coffeebar Cafe & Coffee Shop
-
bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.04M
Owner & transaction history
Chestnut Mp LLC · 7 yrs held
Chestnut Mp LLC
since 2018
7 recorded transactions
Zoning & alternative use
CL00C3 · 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%
$4,280,000
6.5%
$3,950,000
7%
$3,670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,820,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,180,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,055,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.73M – $3.34M · ±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
$404 / 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
$86,242
Tax year 2024
Assessed value
$7,642,064
Assessed 2024
Previous assessed
$7,642,064
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,668,144
Assessed improvement
$5,973,920
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
1960
Heating
NONE
Stories
2
Total area
7,517 SF
Lot
0.1 ac (4,151 SF)
Zoning code
CL00C3
APN
071-094-050
UPID
US10-3280663
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C3 · Menlo Park, CA
Zoning CL00C3 · permitted uses
CL00C3 · 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
OFFICE BUILDING Current
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Heating
NONE
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Chestnut Mp LLC
Entity
Mailing address
7888 WREN AVE STE D143, GILROY, CA 95020-4966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Chestnut Mp LLC
—
Deed
related
$4,500,000 · First Republic Bank
Nov 26, 2018
—
Chestnut Mp LLC
Filice Family Trust
Quit Claim Deed
related
—
Oct 7, 2016
—
Filice Family Trust
Filice Family Trust
Quit Claim Deed
related
$2,700,000 · Wells Fargo Bk
May 16, 2016
—
Rango,michele Trust
Rango Family Trust
Quit Claim Deed
related
—
Sep 24, 2015
—
Kevin G Cunningham
Filice Family Trust
Quit Claim Deed
—
Nov 26, 2014
—
Filice Family Trust|cunningham,joanne F Trust 73 E
Hacienda Homes LLC
Grant Deed
—
Oct 21, 2014
—
Hacienda Homes LLC
Pathmark Group LP
Grant Deed
$4,545,000 · Filice Family Trust
Apr 1, 2011
$2,275,000
Parthmark Group LP
Gl Realty Chestnut LLC
Grant Deed
$1,500,000 · Sparkle Power INC
Feb 15, 2011
—
1149 Chestnut Street L Mathews
1149 Chestnut Street LP
Quit Claim Deed
related
—
Feb 15, 2011
$600,000
Gl Realty Chestnut LLC
Robert Belli
Grant Deed
$1,400,000 · Sequoia Mortgage Capital INC
Jul 19, 2010
—
Robert Belli
479 Buena Vista East
Grant Deed
—
Jun 25, 2009
—
Chestnut Street 1149
P & L Mathews Invs INC
Grant Deed
—
Jan 3, 2008
$581,000
Paul Kong
Choe,won & Chunghee
Grant Deed
—
Apr 14, 2006
$1,137,500
Buena Vista East 479
Mathews P G & L A D Trust
Grant Deed
related
—
Feb 24, 2006
$973,000
479 Buena Vista East LLP
1149 Chestnut Street LLC
Grant Deed
—
Mar 31, 2005
$581,000
Won Choe
1149 Chestnut Street LLC
Grant Deed
—
Dec 20, 2004
$3,374,000
Mathews Peter G & Leslie Trust
1149 Chestnut St LLC
Grant Deed
$2,150,000 · 1149 Chestnut Street LLC
Jun 20, 2001
$3,150,000
1149 Chestnut St LLC
Dj Trust
Grant Deed
$2,520,000 · First Bank & Trust
Mar 31, 1993
—
Daniel Vanetti
Johansen,john T
Grant Deed
related
—
—
—
Filice Family Trust
—
Deed Of Trust
related
$2,700,000 · Wells Fargo Bk
—
—
Pathmark Group LP
—
Deed Of Trust
related
$1,550,000 · Bank Of Alameda
—
—
Gl Realty Chestnut LLC
—
Deed Of Trust
related
$1,500,000 · Ramiro Marini-neyra
—
—
Dj Trust
—
Deed Of Trust
related
$50,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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