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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
885 Oak Grv Ave, Menlo Park, CA 94025-4433
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2245328
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1955
Total area
1,200 SF
Lot
0.13 ac (5,675 SF)
Zoning code
CL00C3
APN
071-092-040
UPID
US09-2245328
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
-
Plante Thomas G Physician Medical Clinic
-
Lori G. Plante, PhD Physician Medical Clinic
-
Dr. Eric M. Rothenberg, MD Physician
-
Cochran Michael MD Physician
-
Zwiebel Leslie PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Samuel L Wright JR · 2 yrs held
Samuel L Wright JR
since 2023
Last sale
$765,000
7 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
$840,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $765k (Dec 7 2023)
Last sale anchor
$765k
Dec 7 2023
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
$638 / 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
$45,237
Tax year 2024
Assessed value
$3,828,535
Assessed 2024
Previous assessed
$3,828,535
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$999,126
Assessed improvement
$2,829,409
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1955
Heating
NONE
Total area
1,200 SF
Lot
0.13 ac (5,675 SF)
Zoning code
CL00C3
APN
071-092-040
UPID
US09-2245328
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
OFFICE BUILDING Current
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
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
1955
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Samuel L Wright JR
Individual
Free & Clear · 2 yrs held
Mailing address
565 EDENVALE RD, WATSONVILLE, CA 95076-9773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
Samuel L Wright JR
Samuel L Wright JR
Intrafamily Transfer
related
—
Jan 16, 1991
$765,000
Wright,samuel Tr
Borel Bank & Tru
Grant Deed
—
—
—
Haig Ermoian
—
Deed Of Trust
related
$100,000 · Individual
—
—
Oak Grove Pa 885
—
Deed Of Trust
related
$1,400,000 · Bay View Federal Bank
—
—
Oak Grove Partne
—
Deed Of Trust
related
$200,000 · Silicon Valley Bank
—
—
Oak Grove Pa 885
—
Deed Of Trust
related
$100,000 · The Shamrock Gro
—
—
Oak Grove Pa 885
—
Deed Of Trust
related
$300,000 · Mayo Properties
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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