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Property profile & analytics
OFF-MARKET
Estimated value
$13,890,000
Warehouses
4055 Bohannon Dr Menlo Park, CA 94025-1004
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2252033
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Total area
30,667 SF
Lot
1.7 ac (74,000 SF)
Zoning code
MH00M2
APN
055-253-030
UPID
US09-2252033
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
$17.66M
Blend (final)
Blend
$13.89M
Owner & transaction history
4055 Bohannon Owner LLC · 4 yrs held
4055 Bohannon Owner LLC
since 2022
Last sale
$16.0M
2 recorded transactions
Zoning & alternative use
MH00M2 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.7M
+76.7%
Office building
$19.7M
+67.6%
Apartment house (5+ units)
$17.1M
+45.4%
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
$11,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,735,000
Current use
RESTAURANT
$20,735,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$19,670,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,065,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,550,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$15,595,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,170,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,930,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$13.89M
Range $12.50M – $15.28M · ±10% · vs last sale $16.00M (Jul 8 2022)
Last sale anchor
$16.00M
Jul 8 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
$453 / 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
$183,365
Tax year 2024
Assessed value
$16,320,000
Assessed 2024
Previous assessed
$16,320,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$15,351,000
Assessed improvement
$969,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Heating
NONE
Total area
30,667 SF
Lot
1.7 ac (74,000 SF)
Zoning code
MH00M2
APN
055-253-030
UPID
US09-2252033
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · Menlo Park, CA
Zoning MH00M2 · permitted uses
MH00M2 · 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
WAREHOUSE, STORAGE Current
Est. value
$11.7M
RESTAURANT
Est. value
$20.7M
OFFICE BUILDING
Est. value
$19.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.6M
RETAIL STORES
Est. value
$15.6M
COMMERCIAL (GENERAL)
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$13.9M
WAREHOUSE, STORAGE Current
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
1957
Heating
NONE
Lot
1.7 ac
Current owner
From public records · entity-resolved
4055 Bohannon Owner LLC
Entity
Mailing address
PO BOX 150166, SAN RAFAEL, CA 94915-0166
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$16,000,000
4055 Bohannon Owner LLC
Knappkins
Grant Deed
$28,682,214 · Readycap Commercial LLC
Apr 18, 2022
—
Knappkins
Robert L Webster
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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