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    1440 Obrien Dr Menlo Park, CA 94025-1671
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    Property profile & analytics

    1440 Obrien Dr, Menlo Park, CA 94025-1671

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    • Manufacturing properties
    • 48,130 SF
    • 2.20 lot acres
    Off-Market
    Property ID
    US09-0856186
    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.
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1440 Obrien Dr

    Year built
    1987
    Lot size
    2.20 lot acres
    Zone code
    M20000
    Property type
    Manufacturing properties
    APN
    055-473-160
    APU
    55473160

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 16, 2020 — Menlo Prepi I LLC — Deed · related $199.5M · Miscellaneous Ins Co
    Jan 16, 2018 — Menlo Prepi I LLC — Loan Modification · related $115M · Miscellaneous Ins Co
    Nov 13, 2017 — Menlo Prepi I LLC Menlo Prehc I LLC Quit Claim Deed —
    Jun 1, 2016 — Menlo Prehc I LLC — Deed · related $62.2M · Miscellaneous Ins Co
    Jan 13, 2014 $118,350,000 Menlo Prehc I LLC Sst LLC Grant Deed $65M · Miscellaneous Ins Co
    Nov 26, 2013 — Menlo Business Park LLC Menlo Business Park LLC Quit Claim Deed · related —
    May 13, 1999 — Menlo Business Park LLC Menlo Business Park Quit Claim Deed · related —
    — — Business P Menlo — Deed Of Trust · related $5.3M · Principal Mutual Life Ins
    — — Menlo Prehc I LLC — Loan Modification · related $62.2M · Miscellaneous Ins Co
    — — Menlo Prepi I LLC — Deed Of Trust · related $199.5M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,276,000
      Market price range: $672k - $1.28M

    • Alternative Use

      Use
      Estimation
      FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY)
      $910,000
      Current use
      WAREHOUSE, STORAGE
      $1,445,000
      Change: +59% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Menlo Park
    County
    San Mateo
    State
    California
    Longitude
    -122.144
    Latitude
    37.476
    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
    $458,876
    $7,668,470
    $31,661,707
    $39,330,177
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $650,000
      36,000 SF

      1035 Obrien Dr

      FOOD PACKING, PACKING PLANT
      1035 Obrien Dr, Menlo Park, CA 94025-1408
      View Details
    • Value Estimation
      $535,000
      27,495 SF

      1530 Obrien Dr Ste C

      FOOD PACKING, PACKING PLANT
      1530 Obrien Dr Ste C, Menlo Park, CA 94025-1454
      View Details
    • Value Estimation
      $11,395,000
      38,844 SF

      1455 Adams Dr

      MANUFACTURING (LIGHT)
      1455 Adams Dr, Menlo Park, CA 94025-1438
      View Details
    • Value Estimation
      $2,265,000
      26,345 SF

      162 Constitution Dr

      MANUFACTURING (LIGHT)
      162 Constitution Dr, Menlo Park, CA 94025-1117
      View Details
    • Value Estimation
      $1,040,000
      51,638 SF

      940 Hamilton Ave, Unit 960

      FOOD PACKING, PACKING PLANT
      940 Hamilton Ave, Menlo Park, CA 94025-1430
      View Details
    • Value Estimation
      $1,140,000
      54,586 SF

      1003 Hamilton Ct

      FOOD PACKING, PACKING PLANT
      1003 Hamilton Ct, Menlo Park, CA 94025
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Menlo Park Flexible Building

      Flexible building suitable for industrial, lab, R&D, or office.
      1020 O'brien Dr, Menlo Park, CA 94025
      View Details
    • $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
    • Contact for pricing
      9,187 SF

      Menlo Park Mixed-Use Investment

      Mixed-use property with office and live/work suites in Menlo Park.
      1800 El Camino Real, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      7,175 SF

      Menlo Park Office Space Available

      Ideally located office space between Menlo Park and Palo Alto.
      120 Santa Margarita Ave, Menlo Park, CA 94025
      View Details
    • $700,000
      4,400 SF

      Specialty Commercial Property For Sale

      Specialty commercial property offered for sale, with 4,400 SF available at a Menlo Park address in San Mateo County.
      1368 El Camino Real, Menlo Park, CA 94025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,061 SF

      Menlo Park Flex/Industrial Space

      Flex/industrial space featuring labs, machine shop, and backup generator.
      1530 O'brien Dr, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      27,868 SF

      Menlo Park Warehouse and Office

      Warehouse and office space available for lease in Menlo Park.
      150 Constitution Dr, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      340,000 SF

      Menlo Park Warehouse Space

      340,000 sqft warehouse space in Menlo Park available for rent.
      O'brien Dr & Adams Dr, Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Life Science Campus For Rent

      1.4M SF life science campus near Stanford University.
      1530 O'brien Dr, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      18,000 SF

      Menlo Park Warehouse Space Available

      Industrial warehouse space for lease in Menlo Park, California.
      1030-1050 O'brien Dr, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      31,000 SF

      Class A Life Science Building

      Class A Life Science building in Menlo Park, divisible to 3,000SF.
      1330/1360 O'brien Dr, Menlo Park, CA 94025
      View Details
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    Menlo Park, CA 94025-1671
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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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