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Property profile & analytics
OFF-MARKET
Estimated value
$23,185,000
Manufacturing properties
3575 Hvn Ave Menlo Park, CA 94025-1009
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1397370
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Total area
36,855 SF
Lot
1.77 ac (77,267 SF)
Zoning code
M20000
APN
055-130-340
UPID
US09-1397370
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
-
Artistic Stone Gallery Inc Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.97M
Comparable Approach
Comparable
$17.88M
Blend (final)
Blend
$23.19M
Owner & transaction history
Lift III Haven LLC · 3 yrs held
Lift III Haven LLC
since 2022
Last sale
$24.8M
5 recorded transactions
Zoning & alternative use
M20000 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.9M
+106.6%
Office building
$23.6M
+96.0%
Apartment house (5+ units)
$20.5M
+70.0%
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
$22,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,125,000
6.5%
$25,965,000
7%
$24,110,000
Alternative Use
Use
Estimation
RESTAURANT
$24,920,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$23,640,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,505,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,890,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$18,740,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,030,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,740,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$23.19M
Range $20.87M – $25.50M · ±10% · vs last sale $24.79M (Sep 14 2022)
Last sale anchor
$24.79M
Sep 14 2022
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
$629 / 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
$230,175
Tax year 2024
Assessed value
$20,590,740
Assessed 2024
Previous assessed
$20,590,740
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$15,759,000
Assessed improvement
$4,831,740
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Heating
NONE
Total area
36,855 SF
Lot
1.77 ac (77,267 SF)
Zoning code
M20000
APN
055-130-340
UPID
US09-1397370
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M20000 · Menlo Park, CA
Zoning M20000 · permitted uses
M20000 · 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
RESTAURANT
Est. value
$24.9M
OFFICE BUILDING
Est. value
$23.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.9M
RETAIL STORES
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$17.0M
AUTO REPAIR, GARAGE
Est. value
$16.7M
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1981
Heating
NONE
Lot
1.77 ac
Current owner
From public records · entity-resolved
Lift III Haven LLC
Entity
Mailing address
180 SUTTER ST #400, SAN FRANCISCO, CA 94104-4007
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
—
Lift III Haven LLC
—
Deed
related
$17,940,000 · East West Bank
Sep 14, 2022
$24,787,500
Lift III Haven LLC
3575 Haven Avenue LLC
Grant Deed
—
Apr 17, 1998
—
3575 Haven Avenue LLC
Shluker Trust
Deed Of Trust
related
$1,593,750 · Bank Of America
May 7, 1993
—
Shluker,jerrry Trustee
Shluker,jerry Et
Quit Claim Deed
related
—
Mar 29, 1988
$190,000
Jerry&je Shluker
Hutch
Grant Deed
$1,235,000 · Bay View Federal Bank
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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