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Property profile & analytics
OFF-MARKET
Estimated value
$6,665,000
Manufacturing properties
3603 Hvn Ave Menlo Park, CA 94025-1010
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1842956
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
21,161 SF
Lot
0.5 ac (21,700 SF)
Zoning code
MZ0000
APN
112-571-020
UPID
US09-1842956
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
$6.67M
Owner & transaction history
3603 Haven LLC · 7 yrs held
3603 Haven LLC
since 2018
7 recorded transactions
Zoning & alternative use
MZ0000 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.8M
+55.4%
Commercial (general)
$9.8M
+41.2%
Auto repair, garage
$9.6M
+38.8%
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
INDUSTRIAL (GENERAL)
$6,925,000
Current use
RETAIL STORES
$10,760,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,780,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,615,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$6.67M
Range $6.00M – $7.33M · ±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
$315 / 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
$116,671
Tax year 2024
Assessed value
$10,374,324
Assessed 2024
Previous assessed
$10,374,324
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$9,225,341
Assessed improvement
$1,148,983
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
1987
Heating
NONE
Stories
1
Total area
21,161 SF
Lot
0.5 ac (21,700 SF)
Zoning code
MZ0000
APN
112-571-020
UPID
US09-1842956
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MZ0000 · Menlo Park, CA
Zoning MZ0000 · permitted uses
MZ0000 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
RETAIL STORES
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$9.6M
INDUSTRIAL (GENERAL) Current
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
1987
Heating
NONE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
3603 Haven LLC
Entity
Mailing address
664 GILMAN ST, PALO ALTO, CA 94301-2528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2018
—
3603 Haven LLC
3603 Haven LLC
Quit Claim Deed
$10,600,000 · Deutsche Bk Ag/ny Branch
Sep 14, 2017
—
3603 Haven LLC
Mbn Menlo LLC
Grant Deed
$7,800,000 · Rait Ptshp
Dec 31, 2015
—
Mbn Menlo LLC
Big Sunny-park LLC
Grant Deed
—
Sep 24, 1997
—
Gordon S Brown
Brown,elizabeth A
Quit Claim Deed
related
—
Jul 10, 1990
$2,450,000
Wayne R Brown
Unknown
Grant Deed
—
—
—
3603 Haven Owner LLC
—
Deed Of Trust
related
$10,600,000 · Deutsche Bk Ag/ny Branch
—
—
Brown Trust
—
Deed Of Trust
related
$1,950,000 · Union Bank Of California
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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