Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3455 Alameda De Las Pulgas Menlo Park, CA 94025-6543

    • Apartment buildings
    • 4,584 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2021
    Value Estimations
    $1,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1284232
    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.

    Current Use by Public Records

    • Pines Apartments / Apartment Building
    • Bukachi Clays and Soaps / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 3455 Alameda De Las Pulgas

    Year built
    1958
    Lot size
    0.15 lot acres
    Property size
    4,584 SF
    Property type
    Apartment buildings
    APN
    074-065-170
    APU
    74065170

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,080,000
      6.5%
      $1,920,000
      7%
      $1,780,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,330,000
      COMMERCIAL (GENERAL)
      $2,120,000
      AUTO REPAIR, GARAGE
      $2,080,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Menlo Park
    County
    San Mateo
    State
    California
    Longitude
    -122.204
    Latitude
    37.4332
    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
    $30,940
    $725,958
    $1,298,505
    $2,024,463
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $20,040,000
      67,619 SF

      650 Live Oak Ave, Unit 658

      APARTMENT HOUSE (5+ UNITS) • 67,619 SF
      650 Live Oak Ave, Menlo Park, CA 94025-4885
      View Details
    • Value Estimation
      $1,660,000
      5,280 SF

      882 Middle Ave, Unit 888

      APARTMENT HOUSE (5+ UNITS) • 5,280 SF
      882 Middle Ave, Menlo Park, CA 94025-5184
      View Details
    • Value Estimation
      $2,360,000
      9,728 SF

      400 Ravenswood Ave

      APARTMENT HOUSE (5+ UNITS) • 9,728 SF
      400 Ravenswood Ave, Menlo Park, CA 94025-3461
      View Details
    • Value Estimation
      $2,360,000
      9,728 SF

      440 Ravenswood Ave

      APARTMENT HOUSE (5+ UNITS) • 9,728 SF
      440 Ravenswood Ave, Menlo Park, CA 94025-3462
      View Details
    • Value Estimation
      $12,025,000
      51,143 SF

      2225 Sharon Rd

      APARTMENT HOUSE (5+ UNITS) • 51,143 SF
      2225 Sharon Rd, Menlo Park, CA 94025-6761
      View Details
    • Value Estimation
      $6,050,000
      20,000 SF

      260 Van Buren Rd

      APARTMENT HOUSE (5+ UNITS) • 20,000 SF
      260 Van Buren Rd, Menlo Park, CA 94025-1745
      View Details

    Similar Nearby for Sale

    • New
      $1,198,000
      1,474 SF

      Menlo Park Duplex Opportunity

      Duplex in Menlo Park's Belle Haven neighborhood with rental potential.
      1104 Del Norte Ave, Menlo Park, CA 94025
      View Details
    • New
      $3,000,000
      3,440 SF

      Menlo Park Duplex Near Downtown

      3,440 sq ft duplex near downtown Menlo Park.
      831 University Dr, Menlo Park, CA 94025
      View Details
    • New
      $2,950,000
      1,748 SF

      Menlo Park Multi-Dwelling Investment Opportunity

      Rare investment opportunity near Stanford University and downtown Menlo Park.
      2066 Sterling Ave, Menlo Park, CA 94025
      View Details
    • $3,400,000
      1,354 SF

      Menlo Park Retail Investment Opportunity

      Prime Marsh Road retail space, high visibility.
      763 Marsh Rd, Menlo Park, CA 94025
      View Details
    • $1,650,000

      Residential Land in Menlo Park

      Residential land with development potential in Menlo Park, California.
      301 6Th Ave, Menlo Park, CA 94025
      View Details
    • $3,375,000
      3,000 SF

      Menlo Park Retail Investment Opportunity

      Fully leased, three-tenant retail property in Menlo Park, California.
      403 El Camino Real, Menlo Park, CA 94025
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      16,581 SF

      High-Quality Office Building For Rent

      Professional office building with high-end improvements and convenient parking.
      64 Willow Rd, Menlo Park, CA 94025
      View Details
    • $6 SF/Yr
      1,649 SF

      Menlo Park Office Space Available

      Office suites for lease in downtown Menlo Park location.
      725 Santa Cruz Ave, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      11,523 SF

      Remodeled Office Space Near Stanford

      Fully remodeled and furnished office space near Stanford University.
      2882 Sand Hill Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      42,383 SF

      Menlo Park Office and Gym Space

      Office and gym space with outdoor collaboration areas and amenities.
      80 Willow Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      29,400 SF

      Menlo Park Flex/Industrial Space

      29,400 SF flex/industrial space available for lease.
      135 Commonwealth Dr, Menlo Park, CA 94025
      View Details
    • $7 SF/Yr
      10,341 SF

      Menlo Park Office Space Available

      Office space with fitness center, conference rooms, and storage.
      100 Middlefield Rd, Menlo Park, CA 94025
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3455 Alameda De Las Pulgas
    Menlo Park, CA 94025-6543
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.