| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 82nd | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Sharon Park Dr, Menlo Park, CA, 94025, US |
| Region / Metro | Menlo Park |
| Year of Construction | 1974 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
600 Sharon Park Dr Menlo Park Multifamily Investment
High-income households and a high-cost ownership market underpin durable renter demand in this suburban Menlo Park location, according to WDSuite’s CRE market data. Neighborhood-level occupancy metrics reflect area dynamics rather than the property and suggest focus on leasing strategy and retention.
Menlo Park’s suburban pocket around 600 Sharon Park Dr offers daily needs within a short drive, with restaurants, groceries, parks, childcare, and pharmacies testing above national averages for density. School quality is a local standout (average ratings at the top of metro peers and nationally), a factor that supports long-term neighborhood stability and attracts higher-income renters.
At the neighborhood level, the renter-occupied share is modest, signaling a smaller immediate tenant base; however, within a 3-mile radius, renters account for a substantial portion of housing units, broadening the pool for leasing. Median contract rents are among the highest in the region and nationally, which supports revenue potential but requires careful affordability management and renewal strategy.
Home values in the neighborhood rank at the top of the metro and nation, indicating a high-cost ownership market that tends to reinforce reliance on multifamily housing and can aid pricing power and retention. Neighborhood occupancy data shows softness and recent declines; this is measured for the neighborhood and not the property, and it points to the importance of asset-level operations, targeted marketing, and product differentiation to sustain occupancy.
Within a 3-mile radius, demographics skew highly educated with strong incomes and a meaningful concentration of working-age residents. While population has edged down and is projected to decline further, household counts are projected to increase as average household size trends smaller, which can translate to a larger number of households competing for available rental units and support occupancy stability. These trends align with investor priorities surfaced in multifamily property research, based on CRE market data from WDSuite.
Safety indicators compare favorably in the San Francisco–San Mateo–Redwood City metro. The neighborhood’s crime rank sits near the stronger end of the spectrum (25th out of 193 metro neighborhoods), and national positioning is solid, with violent offenses in the top decile for safety nationally and property offenses above average. Recent data also shows a sharp year-over-year decline in estimated property offenses, reinforcing a constructive trend. These comparisons are neighborhood-level and provide context for investor underwriting and resident retention.
Proximity to major corporate campuses anchors a deep white-collar employment base, supporting leasing velocity and retention for workforce and executive renters. Notable nearby employers include professional services and leading technology firms listed below.
- Robert Half International — professional services (0.8 miles) — HQ
- HP — technology hardware (3.1 miles) — HQ
- Hewlett Packard Enterprise — enterprise IT (3.1 miles) — HQ
- Tesla — electric vehicles (3.4 miles) — HQ
- Facebook — social media (4.9 miles) — HQ
Built in 1974, the asset is slightly newer than the neighborhood’s average vintage, offering a platform that can remain competitive versus older stock while still benefiting from targeted modernization or systems upgrades. The submarket’s high-cost ownership environment, top-tier schools, and proximity to large employers bolster renter demand and support pricing power, while neighborhood-level occupancy softness underscores the need for disciplined operations.
According to CRE market data from WDSuite, the area combines elevated household incomes with nationally high rents and strong amenity access, which can support revenue stability for well-positioned units. Within a 3-mile radius, forecasts point to smaller household sizes and a net increase in households even as population trends ease, a dynamic that can expand the renter pool and aid lease-up and renewal performance.
- High-cost ownership market and strong schools reinforce renter reliance and retention
- Dense employment base (tech and professional services) supports demand and leasing stability
- 1974 vintage offers value-add and modernization pathways to enhance competitiveness
- Household growth within 3 miles, despite slower population trends, broadens the tenant pool
- Risk: neighborhood-level occupancy has softened; investor focus on product-market fit and renewals is key