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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Apartment buildings
3248 Middlefield Rd, Menlo Park, CA 94025-1828
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2197528
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Total area
6,088 SF
Lot
0.13 ac (5,804 SF)
Zoning code
C10000
APN
060-091-260
UPID
US09-2197528
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
$3.00M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$3.00M
Owner & transaction history
St Francis Center Of Redwood City · 1 yrs held
St Francis Center Of Redwood City
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
C10000 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+21.5%
Office building
$3.9M
+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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$2,760,000
6.5%
$2,550,000
7%
$2,365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,385,000
Current use
RESTAURANT
$4,115,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$3,905,000
Change: +15% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,285,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$3,095,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,815,000
Change: -17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,765,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Jul 1 2024)
Last sale anchor
$3.00M
Jul 1 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
$493 / 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
$14,621
Tax year 2024
Assessed value
$2,799,007
Assessed 2024
Previous assessed
$2,799,007
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$1,341,054
Assessed improvement
$1,457,953
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
1985
Heating
FORCED AIR
Stories
2
Total area
6,088 SF
Lot
0.13 ac (5,804 SF)
Zoning code
C10000
APN
060-091-260
UPID
US09-2197528
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.4M
RESTAURANT
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.8M
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
1985
Heating
FORCED AIR
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
St Francis Center Of Redwood City
Entity
Mailing address
151 BUCKINGHAM AVE, REDWOOD CITY, CA 94063-5317
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$3,000,000
St Francis Center Of Redwood City
Daughters Of St Paul Religious Trus
Grant Deed
—
Oct 23, 2018
—
St Paul Religious Trust
Daughters Of St Paul INC
Quit Claim Deed
—
Nov 28, 2017
—
Daughters Of St Paul INC
—
Deed
related
$1,000,000 · Mary Kathleen Lynch 2017 Trust
Apr 1, 2016
$1,500,500
Daughters Of St Paul INC
Laurel Ents LLC
Grant Deed
—
Dec 20, 2011
—
Laurel Ents LLC
Newlands Ents LLC
Grant Deed
—
Sep 23, 2011
—
Arias Alvaro R Trust
Arias 1992 Family Trust
Quit Claim Deed
related
—
Sep 23, 2011
$915,000
Newlands Ents LLC
Arias Alvaro R Trust
Grant Deed
$800,000 · Arias Alvaro R Trust
Dec 10, 1992
—
Arias Trust
Arias,alvaro & M
Quit Claim Deed
related
—
—
—
Arias Trust
—
Deed Of Trust
related
$300,000 · At&t Small Business Lending Co
—
—
Arias Trust
—
Deed Of Trust
related
$365,000 · Individual
—
—
Daughters Of St Paul INC
—
Deed Of Trust
related
$1,000,000 · Mary Kathleen Lynch 2017 Trust
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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