Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    615 Partridge Ave Menlo Park, CA 94025-5259

    • Apartment buildings
    • 2,534 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1434587
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 615 Partridge Ave

    Year built
    1945
    Lot size
    0.22 lot acres
    Property size
    2,534 SF
    Property type
    Apartment buildings
    APN
    071-413-160
    APU
    71413160

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,150,000
      6.5%
      $1,060,000
      7%
      $985,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,410,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,365,000
      Change: -3% Conversion: Difficult
      RETAIL STORES
      $1,290,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,170,000
      Change: -17% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,150,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Menlo Park
    County
    San Mateo
    State
    California
    Longitude
    -122.175
    Latitude
    37.4484
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,776
    $1,367,057
    $2,388,521
    $3,755,578
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $815,000
      1.38 Acres

      141 Jefferson Dr

      APARTMENT HOUSE (5+ UNITS) • 1.38 Acres
      141 Jefferson Dr, Menlo Park, CA 94025-1157
      View Details
    • Value Estimation
      $9,620,000
      31,809 SF

      825 Menlo Ave

      APARTMENT HOUSE (5+ UNITS) • 31,809 SF
      825 Menlo Ave, Menlo Park, CA 94025-4733
      View Details
    • Value Estimation
      $3,785,000
      14,535 SF

      744 Coleman Ave

      APARTMENT HOUSE (5+ UNITS) • 14,535 SF
      744 Coleman Ave, Menlo Park, CA 94025-2459
      View Details
    • Value Estimation
      $17,815,000
      75,946 SF

      806 Coleman Ave

      APARTMENT HOUSE (5+ UNITS) • 75,946 SF
      806 Coleman Ave, Menlo Park, CA 94025-2400
      View Details
    • Value Estimation
      $4,350,000
      18,394 SF

      22 Coleman Pl

      APARTMENT HOUSE (5+ UNITS) • 18,394 SF
      22 Coleman Pl, Menlo Park, CA 94025-2469
      View Details
    • Value Estimation
      $3,885,000
      14,562 SF

      445 Encinal Ave

      APARTMENT HOUSE (5+ UNITS) • 14,562 SF
      445 Encinal Ave, Menlo Park, CA 94025-3159
      View Details

    Similar Nearby for Sale

    • New
      $3,850,000
      14,630 SF

      Menlo Park Apartment Building Investment

      Rare 1990 construction apartment building in Menlo Park.
      211 Semicircular Rd, Menlo Park, CA 94025
      View Details
    • $2,388,000
      Pending

      Menlo Park Multifamily Opportunity

      Multifamily property with three separate units on a large lot.
      2513 Alpine Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Residential Land in Menlo Park

      Residential land with development potential in Menlo Park, California.
      301 6Th Ave, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      3,000 SF

      Menlo Park Retail Investment Opportunity

      Fully leased, three-tenant retail property in Menlo Park, California.
      403 El Camino Real, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      4,000 SF

      Menlo Park Retail Redevelopment Opportunity

      Prime downtown location with redevelopment potential near Caltrain.
      1137-1141 Chestnut St, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      7,175 SF

      Menlo Park Office Space Available

      Ideally located office space between Menlo Park and Palo Alto.
      120 Santa Margarita Ave, Menlo Park, CA 94025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Menlo Park Office Space Available

      Office space for rent in downtown Menlo Park, California.
      707 Menlo Ave, Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      101 Jefferson Dr, West Menlo Park, CA 94025
      View Details
    • Contact for pricing

      Class A Retail Space Available

      High-visibility retail space in an exclusive, high-income neighborhood.
      3500 Alameda De Las Pulgas, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      15,963 SF

      Menlo Park Office Complex

      Office complex in Menlo Park with multiple buildings for rent.
      2700 Sand Hill Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      4,041 SF

      Class A Garden Office Park

      Class A office space with secured courtyard and modern amenities.
      545 Middlefield Rd, Menlo Park, CA 94025
      View Details
    • Contact for pricing
      5,425 SF

      Menlo Park Flex / R&D Space

      Flex / R&D space available for lease in Menlo Park.
      155 Linfield Dr, Menlo Park, CA 94025
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 Partridge Ave
    Menlo Park, CA 94025-5259
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!