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Property profile & analytics
FOR LEASE
Retail space
556 Santa Cruz Ave Menlo Park, CA 94025
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-1924653
For Lease
$5,995,000
556 Santa Cruz Ave, Menlo Park, CA 94025
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
18,826 SF
Lot
0.25 ac (10,926 SF)
Zoning code
CH00C4
APN
061-441-050
UPID
US09-1924653
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
-
Blue Apple Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.00M
Owner & transaction history
556 Sc Partners LLC · 9 yrs held
556 Sc Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
CH00C4 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,015,000
6.5%
$7,395,000
7%
$6,870,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,575,000
Current use
COMMERCIAL (GENERAL)
$8,700,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,550,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$6.00M
Range $5.40M – $6.59M · ±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
$318 / 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
$330,551
Tax year 2024
Assessed value
$30,096,266
Assessed 2024
Previous assessed
$30,096,266
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$5,802,926
Assessed improvement
$24,293,340
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2021
Heating
NONE
Stories
3
Total area
18,826 SF
Lot
0.25 ac (10,926 SF)
Zoning code
CH00C4
APN
061-441-050
UPID
US09-1924653
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C4 · Menlo Park, CA
Zoning CH00C4 · permitted uses
CH00C4 · 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
RETAIL STORES Current
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$8.6M
RETAIL STORES Current
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
2021
Heating
NONE
Stories
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
556 Sc Partners LLC
Entity
Mailing address
PO BOX 1672, PALO ALTO, CA 94302-1672
Ownership since
2017
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
Jun 30, 2022
—
556 Sc Partners LLC
—
Deed
related
—
Mar 30, 2022
—
556 Sc Partners LLC
—
Deed
related
$54,000,000 · City National Bank
Jun 15, 2020
—
556 Sc Partners LLC
—
Deed
related
$54,000,000 · City Nat'l Bk
Dec 28, 2018
—
556 Sc Partners LLC
—
Deed
related
$45,000,000 · City National Bank
Jan 25, 2017
—
556 Sc Partners LLC
—
Deed
related
$2,625,000 · City National Bank
Jan 19, 2017
$5,250,000
556 Sc Partners LLC
Western States Land Corp
Grant Deed
—
—
—
556 Sc Partners LLC
—
Loan Modification
related
$54,000,000 · City Nat'l Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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