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Property profile & analytics
OFF-MARKET
Estimated value
$5,080,000
Warehouses
1190 Obrien Dr Menlo Park, CA 94025-1411
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2199583
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1961
Total area
12,000 SF
Lot
0.63 ac (27,602 SF)
Zoning code
MH00M2
APN
055-434-080
UPID
US09-2199583
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
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.91M
Blend (final)
Blend
$5.08M
Owner & transaction history
250 Cambridge Associates LLC · 3 yrs held
250 Cambridge Associates LLC
since 2022
Last sale
$5.4M
2 recorded transactions
Zoning & alternative use
MH00M2 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+76.7%
Office building
$7.7M
+67.6%
Apartment house (5+ units)
$6.7M
+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
$3,985,000
ML approach
$3,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,590,000
Current use
RESTAURANT
$8,115,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$7,700,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,675,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,475,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$6,100,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,545,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,450,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±10% · vs last sale $5.40M (Aug 26 2022)
Last sale anchor
$5.40M
Aug 26 2022
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
$423 / 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
$63,945
Tax year 2024
Assessed value
$5,508,000
Assessed 2024
Previous assessed
$5,508,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,896,000
Assessed improvement
$612,000
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
Off-Market
Year built
1961
Heating
NONE
Total area
12,000 SF
Lot
0.63 ac (27,602 SF)
Zoning code
MH00M2
APN
055-434-080
UPID
US09-2199583
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
$4.6M
RESTAURANT
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
RETAIL STORES
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.5M
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
Year built
1961
Heating
NONE
Lot
0.63 ac
Current owner
From public records · entity-resolved
250 Cambridge Associates 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
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
—
250 Cambridge Associates LLC
—
Deed
related
$9,240,000 · Avidbank
Aug 26, 2022
$5,400,000
250 Cambridge Associates LLC
George J Schmitt
Grant Deed
$1,526,722 · George Schmitt
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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