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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Office buildings
1200 Chestnut St, Menlo Park, CA 94025-4367
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1262547
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1959
Total area
7,586 SF
Lot
0.17 ac (7,597 SF)
Zoning code
CL00C3
APN
071-102-320
UPID
US09-1262547
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
-
Zazzle HQ Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
Km-chestnut LLC · 6 yrs held
Km-chestnut LLC
since 2019
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,220,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,095,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±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
$341 / 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
$67,835
Tax year 2024
Assessed value
$5,948,136
Assessed 2024
Previous assessed
$5,948,136
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,830,166
Assessed improvement
$4,117,970
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
1959
Heating
NONE
Stories
1
Total area
7,586 SF
Lot
0.17 ac (7,597 SF)
Zoning code
CL00C3
APN
071-102-320
UPID
US09-1262547
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
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
1959
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Km-chestnut LLC
Entity
Free & Clear · 6 yrs held
Mailing address
401 FLORENCE ST #200, PALO ALTO, CA 94301-1706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
—
Km Chestnut LLC
—
Deed
related
$7,500,000 · Heritage Bank Of Commerce
Jan 3, 2020
—
Km-chestnut LLC
—
Deed Of Trust
related
$5,500,000 · Avidbank
Dec 27, 2019
—
Km-chestnut LLC
625-627 National Avenue LLC
Quit Claim Deed
—
Sep 17, 2019
—
Cunningham Family Trust
Ericson,arnold S
Correction Deed
related
—
Jul 10, 2018
—
Arne Ericson
Ericson Family Trust
Quit Claim Deed
—
May 31, 2013
—
625-627 National Avenue LLC
Devincenzi,lorenzo
Grant Deed
—
Jun 18, 1996
—
Olga M Devincenzi Family LP
Devincenzi Trust
Quit Claim Deed
related
—
Dec 29, 1995
—
Devincenzi Family LP
Heredia,laverne A
Grant Deed
related
—
Dec 18, 1995
—
Laverne A Heredia
Devincenzi Trust
Grant Deed
related
—
Sep 8, 1995
—
Olga M Devincenzi Family LP
Devincenzi Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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