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Property profile & analytics
OFF-MARKET
Office buildings
3520 Alameda De Las Pulgas, Menlo Park, CA 94025-6510
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2386555
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Lot
0.08 ac (3,677 SF)
Zoning code
C10000
APN
074-074-290
UPID
US09-2386555
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
-
Jennifer Wang MD and Associates Medical Clinic Ophthalmologist
-
Jeremy Cheung Physician
-
Mackenzie Financial Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John R Oettinger · 4 yrs held
John R Oettinger
since 2022
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,754
Tax year 2024
Assessed value
$361,722
Assessed 2024
Previous assessed
$361,722
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$270,715
Assessed improvement
$91,007
Applied tax rate
61.0000
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
Off-Market
Heating
NONE
Lot
0.08 ac (3,677 SF)
Zoning code
C10000
APN
074-074-290
UPID
US09-2386555
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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
John R Oettinger
Individual
Free & Clear · 4 yrs held
Mailing address
3182 CAMPUS DR #502, SAN MATEO, CA 94403-3123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
—
John R Oettinger
John R Oettinger
Intrafamily Transfer
related
—
Dec 2, 2021
—
Spinelli Burns LLC
Debra Ann Spinelli
Intrafamily Transfer
related
—
Oct 14, 2021
—
Debra Ann Spinelli
Debra A Spinelli
Intrafamily Transfer
related
—
Sep 29, 2017
—
Oettinger 1979 Trust
—
Loan Modification
related
$6,875,000 · Community Bk/the Bay
Feb 9, 2010
—
Spinelli 1994 Trust
Spinelli Raymond Trust
Quit Claim Deed
related
—
Jun 15, 2009
—
Spinelli Raymond Trust
Spinelli 1994 Trust
Quit Claim Deed
related
—
Jul 1, 2003
—
Spinelli,tr
Tevis Family Partnership
Deed Of Trust
related
$2,042,170 · Oettinger Trust
Jun 6, 2003
—
Tevis Family Partnership
Tevis,tr
Quit Claim Deed
related
—
Jun 27, 2000
—
Oettinger Trust
—
Grant Deed
related
$4,060,200 · Cupertino National Bank
Mar 3, 1994
—
Spinelli Trust
Spinelli,raymond
Quit Claim Deed
related
—
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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