Menlo Park, CA
Commercial Real Estate Market Trends & Data

$791 Avg asking sale price
$61 Avg asking lease rate
18,398 SF Avg unit lease size
13,613 SF Avg building size for sale
4.18% Average cap rate

Menlo Park's Demographic Profile

Menlo Park has 12,722 households and a median income of $179,987, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 33,673
# Households 12,722
Median age 40
Median household income $179,987
Avg household size 3.0
Renter-occupied housing units 6,208
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Menlo Park, CA

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Menlo Park $1,057 9,591 SF 6.00%
Stanford $1,475 8,996 SF 6.00%
Palo Alto $888 10,709 SF 6.00%
San Carlos $865 5,550 SF 6.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Menlo Park $791 7,242 SF
Atherton $592 6,148 SF
Stanford $1,146 5,940 SF
Palo Alto $937 12,524 SF
San Carlos $739 7,722 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Menlo Park $772 15,978 SF 4.30%
Atherton $502 4,906 SF 6.06%
Stanford $1,411 4,557 SF 3.40%
East Palo Alto $549 36,226 SF 4.30%
Palo Alto $1,278 10,126 SF 5.80%

Commercial Properties For Sale in Menlo Park

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

3201 Middlefield Rd

Menlo Park, CA 94025

  • 6,395 SF Retail Building
  • $2,099,999
For Sale

530 Webster St

Palo Alto, CA 94301

  • 10,336 SF Multifamily
  • 4.26% Cap Rate
  • $10,500,000
For Sale

1129 Willow Rd, Menlo Park, CA 94025

Menlo Park, CA 94025

  • 3,852 SF Multifamily
  • 4.30% Cap Rate
  • $1,880,000
For Sale

1061 Alma St

Palo Alto, CA 94301

  • 2,577 SF Multifamily
  • 2.95% Cap Rate
  • $3,500,000
For Sale

990 Garden St

East Palo Alto, CA 94303

  • 1.17 AC Lot
  • 1 Residential Income Lot
  • $7,000,000
For Sale

1815 Woodland Ave

East Palo Alto, CA 94303

  • 2,073 SF Multifamily
  • $1,060,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Menlo Park pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Menlo Park $791 13,613 SF
Atherton $678 5,765 SF
Stanford $1,216 7,246 SF
East Palo Alto $389 33,091 SF

Multifamily Properties For Sale in Menlo Park

For Sale

1804 Bay Rd

East Palo Alto, CA 94303

  • 102,753 SF Multifamily
  • $7,950,000
For Sale

102 University Ave

Palo Alto, CA 94301

  • 17,000 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Menlo Park alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Menlo Park or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Menlo Park 33,673 12,722 40 $179,987 3 6,208 -3%
Atherton 7,044 2,193 49 $247,781 3 251 -3%
Stanford 21,361 4,929 29 $62,230 2 4,149 -2%
East Palo Alto 26,752 6,790 35 $92,891 4 4,355 -6%
Emerald Hills 24,803 9,249 47 $203,839 3 2,591 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Menlo Park, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Menlo Park

View All Commercial Real Estate For Sale in Menlo Park
Is Menlo Park a good market for a first-time commercial real estate investor?

Menlo Park offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Menlo Park?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Menlo Park. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Menlo Park?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Menlo Park. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Menlo Park compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Menlo Park. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Menlo Park acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Menlo Park, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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