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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Apartment buildings
1341 Mls St, Menlo Park, CA 94025-3263
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2759700
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Total area
3,920 SF
Lot
0.19 ac (8,060 SF)
APN
061-402-030
UPID
US10-2759700
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
$2.94M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.52M
Owner & transaction history
1341 Mills Street LLC · 4 yrs held
1341 Mills Street LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+15.3%
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
$2,950,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,180,000
Current use
OFFICE BUILDING
$2,515,000
Change: +15% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,115,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$1,995,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,810,000
Change: -17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,780,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±10% · vs last sale $2.50M (Nov 19 2021)
Last sale anchor
$2.50M
Nov 19 2021
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
$643 / 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
$37,203
Tax year 2024
Assessed value
$2,601,000
Assessed 2024
Previous assessed
$2,601,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$1,976,760
Assessed improvement
$624,240
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1946
Heating
NONE
Stories
1
Units
5
Rooms
15
Bathrooms
5
Total area
3,920 SF
Lot
0.19 ac (8,060 SF)
APN
061-402-030
UPID
US10-2759700
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1946
Heating
NONE
Stories
1
Units
5
Rooms
15
Bathrooms
5
Lot
0.19 ac
Current owner
From public records · entity-resolved
1341 Mills Street LLC
Entity
Mailing address
1328 W EL CAMINO REAL 2ND STE #2, MOUNTAIN VIEW, CA 94040-2499
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
$2,500,000
1341 Mills Street LLC
David P Hausler
Grant Deed
$900,000 · First Republic Bank
Apr 22, 2020
—
Hausler,mark Living Trust
Mark Hausler
Quit Claim Deed
related
—
Dec 31, 2019
—
Hausler,david P Living Trust
David Hausler
Quit Claim Deed
related
—
Nov 13, 2019
—
Mark Hausler
Hausler Colleen J Trust B
Quit Claim Deed
related
—
Jun 4, 2019
$592,000
Hausler,colleen J Trust B
Konno,thomas H & June
Grant Deed
—
Mar 6, 2018
—
Hausler,colleen J Trust
Hausler Kenneth A
Affidavit Of Death
related
—
Nov 9, 2010
—
Hausler Colleen J Trust B
Hausler K A & C J 1994 Trust
Quit Claim Deed
related
—
Dec 14, 2009
—
Kenneth A Hausler
Hausler,colleen J
Affidavit Of Death
related
—
Jun 17, 2008
$250,000
Kenneth A Hausler
Howell D M Living Trust
Grant Deed
—
Jun 17, 2008
—
Hausler K A & C J 1994 Trust
Hausler,kenneth A & Colleen J
Quit Claim Deed
related
—
Jan 29, 2008
—
Howell Donna M Living Trust
Mid-peninsula Investors
Grant Deed
—
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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