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Property profile & analytics
FOR LEASE
Office buildings
155 Jefferson Dr, Menlo Park, CA 94025
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1692104
For Lease
1 / 2
$10,850,000
155 Jefferson Dr, Menlo Park, CA 94025
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1966
Total area
30,485 SF
Lot
1.38 ac (60,075 SF)
Zoning code
MH00M2
APN
055-242-100
UPID
US09-1692104
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
-
Fritz Chin Photography Photography Service (Bike/Boat/Book/etc) Store
-
Tusker Medical Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.85M
Owner & transaction history
155 Jefferson Ground Lessor LLC · 1 yrs held
155 Jefferson Ground Lessor LLC
since 2025
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
MH00M2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,960,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$16,450,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.85M
Range $9.77M – $11.94M · ±10% · vs last sale $11.00M (Jan 2 2025)
Last sale anchor
$11.00M
Jan 2 2025
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
$356 / 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
$294,403
Tax year 2024
Assessed value
$25,591,314
Assessed 2024
Previous assessed
$25,591,314
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$25,044,494
Assessed improvement
$546,820
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
1966
Heating
NONE
Stories
1
Total area
30,485 SF
Lot
1.38 ac (60,075 SF)
Zoning code
MH00M2
APN
055-242-100
UPID
US09-1692104
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · Menlo Park, CA
Zoning MH00M2 · permitted uses
MH00M2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.5M
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
155 Jefferson Ground Lessor LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3715 HVN AVE STE #210, MENLO PARK, CA 94025-1048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
$11,000,000
155 Jefferson Ground Lessor LLC
North Mary LLC
Grant Deed
—
Dec 30, 2024
—
North Mary LLC
David D Bohannon Organization
Deed
related
—
Jun 12, 2019
$23,400,000
North Mary LLC
Hamilton Investors LLC
Grant Deed
$9,280,000 · Wells Fargo Bank NA
Jul 28, 2016
—
Hamilton Investors LLC
Hamilton Investors LLC
Quit Claim Deed
related
$10,000,000 · Miscellaneous Ins Co
May 6, 2016
—
Hamilton Investors LLC
—
Deed
related
$3,225,000 · Avidbank
Jan 20, 2016
$10,600,000
Hamilton Investors LLC
Sobrato 1979 Trust
Grant Deed
$5,915,000 · Avidbank
Oct 1, 2015
$10,600,000
Sobrato 1979 Trust
1031 Ep4 INC
Grant Deed
—
Mar 19, 2015
$10,600,000
1031 Ep4 INC
Fields Roger
Grant Deed
$10,615,046 · Sobrato Organization LLC
Mar 10, 2015
—
Katherine Fields
Fields Roger
Quit Claim Deed
related
—
May 27, 1999
—
Roger Fields
Faaa Realty Corp
Grant Deed
$2,300,000 · Wells Fargo Bank
Dec 28, 1989
$2,250,000
Faaa Realty Corp
Raychem Corporat
Grant Deed
$1,830,000 · Raychem Corporat
—
—
Hamilton Investors LLC
—
Deed Of Trust
related
$10,000,000 · Miscellaneous Ins Co
—
—
Hamilton Investors LLC
—
Loan Modification
related
$3,225,000 · Avidbank
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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