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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
704 Oak Grv Ave, Menlo Park, CA 94025-4320
Trust Owned
7-yr Hold
Free & Clear
Property ID
US09-1183266
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1941
Total area
1,100 SF
Lot
0.08 ac (3,700 SF)
Zoning code
RC0000
APN
114-040-010
UPID
US09-1183266
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
-
Parc Agency Corporation Real Estate Agency
-
Brenzel James R CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$560k
Owner & transaction history
Miller Family Trust · 7 yrs held
Miller Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
RC0000 · 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%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$509 / 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
$11,792
Tax year 2024
Assessed value
$805,784
Assessed 2024
Previous assessed
$805,784
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$402,892
Assessed improvement
$402,892
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1941
Heating
CENTRAL
Rooms
5
Bathrooms
2
Total area
1,100 SF
Lot
0.08 ac (3,700 SF)
Zoning code
RC0000
APN
114-040-010
UPID
US09-1183266
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
RC0000 · Menlo Park, CA
Zoning RC0000 · permitted uses
RC0000 · 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
OFFICE BUILDING Current
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1941
Heating
CENTRAL
Rooms
5
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Miller Family Trust
Trust
Free & Clear · 7 yrs held
Mailing address
PO BOX 7333, MENLO PARK, CA 94026-7333
Ownership since
2018
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
Sep 20, 2018
—
Miller Family Trust
Richard H Lambie
Affidavit Of Death
related
—
Sep 5, 2017
—
Miller,betty J Living Trust
Miller Family Trust
Quit Claim Deed
related
—
Feb 18, 1998
$1,028,000
Miller Trust
Graham-underwood Inv LP
Grant Deed
—
Dec 6, 1991
$405,000
June Underwood
Collins,c.
Grant Deed
—
Oct 31, 1991
$405,000
June Underwood
Collins,c.
Grant Deed
$304,000 · Citibank Fsb
Dec 13, 1988
$385,000
Craig Collins
Zannis,v.
Grant Deed
$289,000 · Bank Of America
Jun 27, 1988
$300,000
Van Zannis
Equit
Grant Deed
$203,000 · Burlingame Bank & Trust Co
—
—
Miller Trust
—
Deed Of Trust
related
$390,000 · Washington Mutual Fsb
—
—
Graham Underwood Investments
—
Deed Of Trust
related
—
—
—
Graham Investments
—
Deed Of Trust
related
$420,000 · Imperial Bank
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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