Office for Sale in Menlo Park, CA

  • Price: $5.2M
  • Listing type: For sale
  • Asset type: Office
  • Location: Menlo Park, CA 94025
  • Size: 6,250 SF

Description

1021 Evelyn Street, Menlo Park, CA (the “Property”), an entitled mixed use development opportunity located in the heart of downtown Menlo Park. The property is comprised of two components – an office suite on the 2nd floor, and 3 residential luxury condominiums on the 3rd floor. The property has 13 street level parking spaces and 11 bicycle spaces. The 2nd floor is a Class A office unit totaling ±6,250 square feet, and 3 residential condominiums on the 3rd floor that are ±1,326 square feet, ±1,155 square feet, and ±1,144 square feet respectively, totaling ±3,625 square feet of residential units. All the residential units are 2 bedroom / 2 bathroom units. Exterior decks not included in the residential square footage.

Market Context

This office in Menlo Park, CA is listed for sale at $5,250,000 across 6,250 SF. It has been on the market for 6 days. Compare it against other office listings for sale in Menlo Park, CA — <a href="/search/sale/office/california/menlo-park">view the full market</a>.

As of Q1 2026, the San Francisco Peninsula office market showed a 16.5% vacancy rate. Source: Colliers Q1 2026 market report.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the San Francisco Peninsula office market tightening or softening?
Vacancy is around 16.5% (Q1 2026).

Unified Estimate

Medium Confidence

$6.14/SF – $8.30/SF

Mid: $7.22/SF

Total estimate for 6,250 SF: $45,125

Rate estimator only; cost-of-business estimate unavailable.

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