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Property profile & analytics
FOR LEASE
Office buildings
135 Commonwealth Dr Menlo Park, CA 94025
Trust Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1750673
For Lease
1 / 2
$13,230,000
135 Commonwealth Dr, Menlo Park, CA 94025
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1998
Total area
60,000 SF
Lot
3 ac (130,585 SF)
Zoning code
MHM2
APN
055-243-260
UPID
US09-1750673
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
-
Goodwin Procter LLP Law Firm
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Goodwin Procter LLP: Talkington Jeffrey Law Firm
-
Facebook Building 64 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
$13.23M
Owner & transaction history
Carleton Alida Trust · 16 yrs held
Carleton Alida Trust
since 2009
4 recorded transactions
Zoning & alternative use
MHM2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$221 / 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
$235,637
Tax year 2024
Assessed value
$14,235,607
Assessed 2024
Previous assessed
$14,235,607
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$1,017,475
Assessed improvement
$13,218,132
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
For Lease
Year built
1998
Heating
NONE
Stories
2
Total area
60,000 SF
Lot
3 ac (130,585 SF)
Zoning code
MHM2
APN
055-243-260
UPID
US09-1750673
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MHM2 · Menlo Park, CA
Zoning MHM2 · permitted uses
MHM2 · 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.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
2
Lot
3 ac
Current owner
From public records · entity-resolved
Carleton Alida Trust
Trust
Mailing address
497 SEAPORT CT STE #102, REDWOOD CITY, CA 94063-5598
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2018
—
135 Cmnwlt Assocs LLC
—
Deed
related
$20,000,000 · Thrivent Fin'l For Lutherans
Dec 28, 2009
—
Carleton Alida Trust
Bohannon,barbara
Grant Deed
related
—
—
—
135 Commonwealth Assocs LLC
—
Deed Of Trust
related
$10,250,000 · Thrivent Financial For Luthera
—
—
135 Cmnwlt Assocs LLC
—
Deed Of Trust
related
$20,000,000 · Thrivent Fin'l For Lutherans
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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