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Property profile & analytics
OFF-MARKET
Estimated value
$17,800,000
Apartment buildings
1459 San Antonio St, Menlo Park, CA 94025-3126
Trust Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3870167
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
32,137 SF
Lot
0.69 ac (29,905 SF)
APN
061-422-490
UPID
US09-3870167
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
$17.80M
CAP Approach
CAP
$13.46M
Comparable Approach
Comparable
$21.37M
Blend (final)
Blend
$17.80M
Owner & transaction history
First Mid Bank & Trust · 1 yrs held
First Mid Bank & Trust
since 2024
Last sale
$17.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.7M
+21.5%
Office building
$20.6M
+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
$17,800,000
ML approach
$17,800,000
CAP Approach
CAP Return
Estimation
6%
$14,580,000
6.5%
$13,455,000
7%
$12,495,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,880,000
Current use
RESTAURANT
$21,730,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$20,615,000
Change: +15% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,340,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$16,345,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,850,000
Change: -17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,600,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$17.80M
Range $16.02M – $19.58M · ±10% · vs last sale $17.80M (Nov 12 2024)
Last sale anchor
$17.80M
Nov 12 2024
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
$554 / 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
$237,440
Tax year 2024
Assessed value
$19,614,114
Assessed 2024
Previous assessed
$19,614,114
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$8,366,391
Assessed improvement
$11,247,723
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
2015
Heating
NONE
Stories
2
Units
16
Rooms
48
Bathrooms
5
Total area
32,137 SF
Lot
0.69 ac (29,905 SF)
APN
061-422-490
UPID
US09-3870167
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
$17.9M
RESTAURANT
Est. value
$21.7M
OFFICE BUILDING
Est. value
$20.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.3M
RETAIL STORES
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$14.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
2015
Heating
NONE
Stories
2
Units
16
Rooms
48
Bathrooms
5
Lot
0.69 ac
Current owner
From public records · entity-resolved
First Mid Bank & Trust
Trust
Free & Clear · 1 yrs held
Mailing address
1241 MLS ST, MENLO PARK, CA 94025-3207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$17,800,000
First Mid Bank & Trust
Glenwood Ventures INC
Grant Deed
—
Mar 2, 2018
$16,250,000
Glenwood Ventures INC
Ldh Mpllc
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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