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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
605 Cambridge Ave Menlo Park, CA 94025-5366
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2252946
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Total area
4,050 SF
Lot
0.19 ac (8,100 SF)
Zoning code
CH00C4
APN
071-433-120
UPID
US09-2252946
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
-
Lovely Hair Hair Salon
-
Beta Group Consultant
-
Avantek Eyewear Ophthalmologist (Bike/Boat/Book/etc) Store
-
Fitness By Design Gym & Fitness Center
-
Opus Hair Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
605 Cambridge Avenue LLC · 1 yrs held
605 Cambridge Avenue LLC
since 2024
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%
$1,725,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,060,000
Current use
COMMERCIAL (GENERAL)
$1,870,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,840,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$321 / 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
$41,507
Tax year 2024
Assessed value
$3,537,360
Assessed 2024
Previous assessed
$3,537,360
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,949,534
Assessed improvement
$587,826
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
Off-Market
Year built
1966
Heating
NONE
Stories
1
Total area
4,050 SF
Lot
0.19 ac (8,100 SF)
Zoning code
CH00C4
APN
071-433-120
UPID
US09-2252946
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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
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
1966
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
605 Cambridge Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2784 HOMESTEAD RD #375, SANTA CLARA, CA 95051-5353
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 3, 2024
—
605 Cambridge Avenue LLC
David C Schwab
Grant Deed
—
Dec 2, 2024
—
David C Schwab
David C Schwab
Deed
related
—
Nov 25, 2024
—
605 Cambridge Avenue LLC
David C Schwab
Grant Deed
—
Sep 3, 2021
$3,400,000
David C Schwab
Stephanie Downey
Grant Deed
—
Aug 5, 2021
—
Stephanie Downey
Downey Family Holdings LLC
Intrafamily Transfer
related
—
Nov 16, 2017
—
Downey Family Holdings LLC
Downey,william C
Quit Claim Deed
related
—
Apr 20, 2017
—
Frederick Downey
Downey,william C
Quit Claim Deed
related
—
Feb 6, 2017
—
William C Downey
Downey Family Trust
Quit Claim Deed
related
—
Apr 14, 2016
—
William C Downey
Downey,elia S
Affidavit Of Death
related
—
May 6, 2002
—
Downey Trust
William C Downey Trustee
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.
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