Menlo Park, CA
Commercial Real Estate Market Trends & Data

$779 Avg asking sale price
$63 Avg asking lease rate
17,526 SF Avg unit lease size
12,535 SF Avg building size for sale
4.40% 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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Menlo Park $1,002 8,581 SF 6.00%
Atherton $949 7,062 SF 3.50%
Stanford $954 9,007 SF 6.00%
Palo Alto $1,053 9,525 SF 6.00%
San Carlos $900 6,348 SF 6.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Menlo Park $820 7,074 SF
Atherton $448 9,734 SF
Stanford $1,163 7,676 SF
Palo Alto $1,114 12,772 SF
San Carlos $736 9,851 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Menlo Park $765 14,264 SF 4.78%
Atherton $572 5,407 SF 6.06%
Stanford $1,376 4,571 SF 3.51%
East Palo Alto $373 36,226 SF 4.78%
Palo Alto $918 10,299 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

Open house 7/17/26 2-3 PM

Menlo Park, CA 94025

  • 5,220 SF Multifamily
  • 3.69% Cap Rate
  • $4,788,888
For Sale

3106 Rolison Rd

Redwood City, CA 94063

  • 1,856 SF Retail Building
  • $1,450,000
For Sale

1024 10th Ave

Redwood City, CA 94063

  • 7,600 SF Multifamily
  • 4.56% Cap Rate
  • $4,000,000
For Sale

837 Cowper St

Palo Alto, CA 94301

  • 12,830 SF Multifamily
  • 4.56% Cap Rate
  • $11,000,000
For Sale

510 Waverley St

Palo Alto, CA 94301

  • 2,570 SF Office Building
  • $3,950,000
For Sale

3301 Middlefield Rd

Menlo Park, CA 94025

  • 16,124 SF Retail Building
  • 6.58% Cap Rate
  • $4,800,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Where Multifamily Asking Prices Are Rising and Falling in 2026
Where Multifamily Asking Prices Are Rising and Falling in 2026
LoopNet listing data from November 2025 through March 2026 reveals a supply-driven split in multifamily asking prices across U.S. markets, and what it means for investors deciding where to buy.
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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What Are Leasehold Improvements?
A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
Straight-Line Depreciation in Commercial Real Estate
Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
Small vs. Large Multifamily Real Estate Investing
Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
How to Buy a Duplex
How to Buy a Duplex
Breaking down every stage of buying a duplex, from budgeting and financing to agent selection and market analysis, ensuring you make an informed investment decision.
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

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 $779 12,535 SF
Atherton $656 6,768 SF
Stanford $1,203 7,717 SF
East Palo Alto $373 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.

Nearby Market Trends