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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Retail space
615 Menlo Ave Menlo Park, CA 94025-4701
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1811173
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Total area
1,460 SF
Lot
0.16 ac (6,983 SF)
Zoning code
EA0R3C
APN
071-288-180
UPID
US09-1811173
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
-
Harrell Rob Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$740k
Owner & transaction history
Robert W Harrell · 4 yrs held
Robert W Harrell
since 2022
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
EA0R3C · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$935,000
+26.1%
Neighborhood: shopping center
$790,000
+6.1%
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
$725,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
RETAIL STORES
$740,000
Current use
OFFICE BUILDING
$935,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$675,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $800k (Mar 8 2022)
Last sale anchor
$800k
Mar 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
$507 / 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
$11,454
Tax year 2024
Assessed value
$775,240
Assessed 2024
Previous assessed
$775,240
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$700,498
Assessed improvement
$74,742
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
1938
Heating
NONE
Stories
1
Total area
1,460 SF
Lot
0.16 ac (6,983 SF)
Zoning code
EA0R3C
APN
071-288-180
UPID
US09-1811173
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
EA0R3C · Menlo Park, CA
Zoning EA0R3C · permitted uses
EA0R3C · 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
$740,000
OFFICE BUILDING
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$665,000
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1938
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Robert W Harrell
Individual
Mailing address
PO BOX V V, MENLO PARK, CA 94026-6223
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
Robert William Harrell
—
Deed
related
$450,000 · Stanford FCU
Mar 8, 2022
—
Robert W Harrell
Patricia R Mcginnis
Quit Claim Deed
related
—
Jul 12, 2005
$325,000
Robert W Harrell
Mcginnis Frank & P Trust
Quit Claim Deed
related
$1,000,000 · Patricia R Mcginnis
Jun 20, 1997
$800,000
Harrell,robert W & Arleta C
Kingsford Jones Estates
Trustees Deed
—
Jun 20, 1997
—
J F Mcginnis
Mcginnis,patricia E
Quit Claim Deed
related
—
—
—
Jones Kingsford
—
Deed Of Trust
related
$200,000 · Eastridge Invest
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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