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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Apartment buildings
3232 Middlefield Rd, Menlo Park, CA 94025-1855
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0644434
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Total area
4,888 SF
Lot
0.18 ac (7,810 SF)
Zoning code
C10000
APN
060-091-280
UPID
US09-0644434
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
William J Johnson · 3 yrs held
William J Johnson
since 2023
7 recorded transactions
Zoning & alternative use
C10000 · 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
COMMERCIAL (GENERAL)
$2,260,000
Change: -17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,220,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10%
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
$279 / 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
$27,895
Tax year 2024
Assessed value
$1,448,322
Assessed 2024
Previous assessed
$1,448,322
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$854,511
Assessed improvement
$593,811
Applied tax rate
73.0000
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
1948
Heating
NONE
Stories
2
Units
8
Rooms
32
Bathrooms
8
Total area
4,888 SF
Lot
0.18 ac (7,810 SF)
Zoning code
C10000
APN
060-091-280
UPID
US09-0644434
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C10000 · Menlo Park, CA
Zoning C10000 · permitted uses
C10000 · 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
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
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
1948
Heating
NONE
Stories
2
Units
8
Rooms
32
Bathrooms
8
Lot
0.18 ac
Current owner
From public records · entity-resolved
William J Johnson
Individual
Mailing address
829 EDGEWOOD RD, REDWOOD CITY, CA 94062-1815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
—
William J Johnson
William John Johnson
Intrafamily Transfer
related
—
Dec 16, 2022
—
George Cosio
Demiguel & Johnson LLC
Grant Deed
—
May 1, 2015
—
De Miguel & Johnson LLC
De Miguel & Johnson II LLC
Quit Claim Deed
—
Feb 13, 2002
$1,000,000
Demiguel & Johnson LLC
Al-tahan,zaid D & Maha
Grant Deed
$728,900 · Affinity Bank
Sep 30, 1999
$702,000
Zaid F Al-tahan
Lasaga,frank & Mary
Grant Deed
$525,000 · Bay View Bank
Sep 10, 1998
$590,000
Frank Lasaga
Stratigos,alexandra
Grant Deed
$418,000 · Bay View Bank
Apr 12, 1996
—
James Stratigos
Stratigos,fabiola
Quit Claim Deed
$260,000 · World Savings Bank
—
—
Demiguel & Johnson LLC
—
Deed Of Trust
related
$100,000 · Ashley Trust
—
—
Demiguel & Johnson LLC
—
Deed Of Trust
related
$90,000 · Verne H Brown
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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