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Property profile & analytics
FOR LEASE
Apartment buildings
650 Live Oak Ave, Menlo Park, CA 94025
Trust Owned
33-yr Hold
~
Est. High Equity
Property ID
US09-1994092
For Lease
1 / 5
$20,040,000
650 Live Oak Ave, Menlo Park, CA 94025
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
67,619 SF
Lot
0.51 ac (22,426 SF)
Zoning code
CH00C4
APN
071-288-550
UPID
US09-1994092
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
-
Six50Live Apartment Complex Service Establishment
-
Ajax Health Venture Capital Company
-
Alladapt Immunotherapeutics Corporate Office
-
Powerflex Charging Station Electric Vehicle Charging Station
-
Mc Dermott Will & Emery Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.04M
Owner & transaction history
Carol Ann Johnston Trust · 33 yrs held
Carol Ann Johnston Trust
since 1992
5 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$31,250,000
Change: -17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$30,720,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$20.04M
Range $18.04M – $22.04M · ±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
$296 / 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
$310,128
Tax year 2024
Assessed value
$28,214,757
Assessed 2024
Previous assessed
$28,214,757
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$11,935,827
Assessed improvement
$16,278,930
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
2020
Heating
NONE
Stories
3
Units
15
Rooms
31
Total area
67,619 SF
Lot
0.51 ac (22,426 SF)
Zoning code
CH00C4
APN
071-288-550
UPID
US09-1994092
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
COMMERCIAL (GENERAL)
Est. value
$31.3M
AUTO REPAIR, GARAGE
Est. value
$30.7M
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
2020
Heating
NONE
Stories
3
Units
15
Rooms
31
Lot
0.51 ac
Current owner
From public records · entity-resolved
Carol Ann Johnston Trust
Trust
Mailing address
PO BOX 1707, LOS ALTOS, CA 94023-1707
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2017
—
Live Oak Lytton LLC
—
Trustees Deed
related
$23,200,000 · Miscellaneous Ins Co
Dec 29, 1992
—
Carol Ann Johnston Trust
Howard V Johnsto
Grant Deed
related
—
—
—
Live Oak Property Invs LLC
—
Deed Of Trust
related
$500,000 · Lyman Family Trust
—
—
650 Live Oak LLC
—
Deed Of Trust
related
$3,110,000 · Comerica Bk
—
—
Live Oak Property Invs LLC
—
Deed Of Trust
related
$400,000 · Lyman Family Trust
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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