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Property profile & analytics
OFF-MARKET
Estimated value
$9,045,000
Warehouses
923 Hamilton Ave 927, Menlo Park, CA 94025-1431
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2081359
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
24,000 SF
Lot
1.65 ac (71,770 SF)
Zoning code
M20000
APN
055-440-190
UPID
US09-2081359
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
-
Facebook Building 49 Corporate Office
-
MPK 49 Corporate Office
-
facebook mpk 48 clinic (aida) Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.05M
Owner & transaction history
Peninsula Innovation Partners · 11 yrs held
Peninsula Innovation Partners
since 2015
6 recorded transactions
Zoning & alternative use
M20000 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.4M
+45.4%
Neighborhood: shopping center
$13.0M
+41.0%
Retail stores
$12.2M
+32.9%
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
WAREHOUSE, STORAGE
$9,185,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,355,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,950,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$12,205,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,090,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,905,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$9.05M
Range $8.14M – $9.95M · ±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
$211,544
Tax year 2024
Assessed value
$18,584,831
Assessed 2024
Previous assessed
$18,584,831
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$11,417,577
Assessed improvement
$7,167,254
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
24,000 SF
Lot
1.65 ac (71,770 SF)
Zoning code
M20000
APN
055-440-190
UPID
US09-2081359
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M20000 · Menlo Park, CA
Zoning M20000 · permitted uses
M20000 · 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
WAREHOUSE, STORAGE Current
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
RETAIL STORES
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1989
Heating
NONE
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Peninsula Innovation Partners
Entity
Mailing address
1 HACKER WAY, MENLO PARK, CA 94025-1456
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2015
$395,000,000
Peninsula Innovation Partners
Prologis LP
Grant Deed
$197,500,000 · Prologis LP
Sep 24, 1998
—
Park Holdings Co I LLC
Lincoln Menlo Vi
Trustees Deed
related
$3,400,000 · General American Life Ins
May 1, 1997
—
Lincoln Menlo Vii
—
Deed Of Trust
related
$3,400,000 · General American Life Ins
May 13, 1988
—
Linco
Linco
Quit Claim Deed
related
$4,600,000 · Bank Of Montreal
May 9, 1988
$90,000
Menlo Vi Lincoln
Linco
Grant Deed
related
—
—
—
Linco
—
Deed Of Trust
related
$3,575,000 · Principal Mutual Life Ins
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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