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    Property profile & analytics

    1281 Mls St Menlo Park, CA 94025-3264

    • Apartment buildings
    • 2,904 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0332444
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1281 Mls St

    Year built
    1946
    Lot size
    0.20 lot acres
    Property size
    2,904 SF
    Property type
    Apartment buildings
    APN
    061-402-080
    APU
    61402080

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,315,000
      6.5%
      $1,215,000
      7%
      $1,130,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,565,000
      RETAIL STORES
      $1,475,000
      COMMERCIAL (GENERAL)
      $1,340,000
      AUTO REPAIR, GARAGE
      $1,320,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Menlo Park
    County
    San Mateo
    State
    California
    Longitude
    -122.185
    Latitude
    37.4567
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,842
    $1,086,244
    $181,031
    $1,267,275
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $20,040,000
      67,619 SF

      650 Live Oak Ave, Unit 658

      APARTMENT HOUSE (5+ UNITS) • 67,619 SF
      650 Live Oak Ave, Menlo Park, CA 94025-4885
      View Details
    • Value Estimation
      $1,660,000
      5,280 SF

      882 Middle Ave, Unit 888

      APARTMENT HOUSE (5+ UNITS) • 5,280 SF
      882 Middle Ave, Menlo Park, CA 94025-5184
      View Details
    • Value Estimation
      $2,360,000
      9,728 SF

      400 Ravenswood Ave

      APARTMENT HOUSE (5+ UNITS) • 9,728 SF
      400 Ravenswood Ave, Menlo Park, CA 94025-3461
      View Details
    • Value Estimation
      $2,360,000
      9,728 SF

      440 Ravenswood Ave

      APARTMENT HOUSE (5+ UNITS) • 9,728 SF
      440 Ravenswood Ave, Menlo Park, CA 94025-3462
      View Details
    • Value Estimation
      $12,025,000
      51,143 SF

      2225 Sharon Rd

      APARTMENT HOUSE (5+ UNITS) • 51,143 SF
      2225 Sharon Rd, Menlo Park, CA 94025-6761
      View Details
    • Value Estimation
      $6,050,000
      20,000 SF

      260 Van Buren Rd

      APARTMENT HOUSE (5+ UNITS) • 20,000 SF
      260 Van Buren Rd, Menlo Park, CA 94025-1745
      View Details

    Similar Nearby for Sale

    • New
      $3,850,000
      14,630 SF

      Menlo Park Apartment Building Investment

      Rare 1990 construction apartment building in Menlo Park.
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      View Details
    • $2,388,000
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      Menlo Park Multifamily Opportunity

      Multifamily property with three separate units on a large lot.
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    • $4,490,000
      3,640 SF

      High Visibility Retail Space Available

      Retail space in high-traffic, high-growth area near Caltrain.
      1077 El Camino Real, Menlo Park, CA 94025
      View Details
    • $1,680,000

      Retail Space in Downtown Menlo

      Retail space in downtown Menlo Park, near Caltrain and amenities.
      695 Oak Grove Ave, Menlo Park, CA 94025
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    • $4,495,000

      Menlo Park Restaurant with Rooftop

      Prime location restaurant with unique rooftop terrace in Menlo Park.
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      11,866 SF

      Menlo Park Retail Showroom Space

      Downtown Menlo Park retail space near Caltrain and Highway 101.
      695 Oak Grove Ave, Menlo Park, CA 94025
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    Similar Nearby for Lease

    • Contact for pricing
      5,608 SF

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      Class A+ office space in Menlo Park for lease.
      200 Middlefield Rd, Menlo Park, CA 94025
      View Details
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      3,216 SF

      Prime Menlo Park Retail Space

      Retail space in downtown Menlo Park with high visibility.
      610 Santa Cruz Ave, Menlo Park, CA 94025
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    • Contact for pricing
      5,691 SF

      Furnished Office Space on Sand Hill

      Plug & play office space in Menlo Park for rent.
      2440 Sand Hill Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      885 SF

      Menlo Park Office Space Available

      Office space with open area, offices, and kitchenette near downtown.
      801-813 El Camino Real, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      4,188 SF

      Menlo Park Office Space Available

      Office space featuring a fitness center and EV charging stations.
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    • Contact for pricing
      4,669 SF

      Class A+ Office Space

      Fully furnished, Class A+ office space available now for rent.
      1149 Chestnut St, Menlo Park, CA 94025
      View Details
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    1281 Mls St
    Menlo Park, CA 94025-3264
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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