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Property profile & analytics
OFF-MARKET
Estimated value
$7,055,000
Office buildings
855 Oak Grv Ave, Menlo Park, CA 94025-4440
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2148839
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1965
Total area
18,700 SF
Lot
0.28 ac (11,995 SF)
Zoning code
CL00C3
APN
071-092-280
UPID
US09-2148839
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
-
Dr. Patti P. Lee, MD Physician Medical Clinic
-
Unique Zan Foundation Social Service Agency Charitable Organization
-
TurnKey (Bike/Boat/Book/etc) Store Corporate Office
-
Decker & Co Corporate Office
-
Tonic Health (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.06M
Owner & transaction history
Oak Grove LP · 9 yrs held
Oak Grove LP
since 2017
4 recorded transactions
Zoning & alternative use
CL00C3 · 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%
$10,650,000
6.5%
$9,830,000
7%
$9,125,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,405,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,090,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.06M
Range $6.35M – $7.76M · ±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
$377 / 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
$190,899
Tax year 2024
Assessed value
$17,636,350
Assessed 2024
Previous assessed
$17,636,350
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$12,060,988
Assessed improvement
$5,575,362
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
1965
Heating
NONE
Stories
2
Total area
18,700 SF
Lot
0.28 ac (11,995 SF)
Zoning code
CL00C3
APN
071-092-280
UPID
US09-2148839
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C3 · Menlo Park, CA
Zoning CL00C3 · permitted uses
CL00C3 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
NONE
Stories
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Oak Grove LP
Entity
Mailing address
755 PAGE ML RD STE BT100, PALO ALTO, CA 94304-1004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2019
—
Oak Grove LP
—
Deed
related
$17,000,000 · Exchange Bk
Jun 14, 2017
$15,500,000
Oak Grove LP
Oak Grove Associates LLC
Grant Deed
$14,500,000 · Wheatley Jack & Mary L Fa (pt)
Oct 10, 2001
—
Oak Grove Associates LLC
Oak Grove Associates Ltd
Quit Claim Deed
related
—
—
—
Oak Grove LP
—
Deed Of Trust
related
$17,000,000 · Exchange Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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