Property profile

10868 Dougherty Ave Morgan Hill, CA 95037

FOR SALE
Residential land & home lots
Property ID
US09-1513939
Entity Owned 2-yr Hold
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Property summary

AI-generated overview

Discover the immense potential of this beautiful, scenic parcel of agricultural land, perfectly positioned for your vision. Whether you are looking to build your dream home or capitalize on the growing demand for agricultural workforce rental housing, this property offers a prime foundation. The land is already equipped with essential infrastructure, including PGE power, a functional well, and a new storage shed. Strategically located to benefit from recent legislative support, including the California Employee Housing Act and AB 3035, which streamline the approval process for farmworker housing in Santa Clara and Santa Cruz counties, this site presents an exceptional opportunity for development. Bring your plans and conduct your due diligence regarding permitted uses, zoning, and current housing development regulations to unlock the full value of this remarkable location. Sale is for the land only.

Property profile

Verified
Property type Residential land & home lots
UPID US09-1513939

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10868 Dougherty Ave Morgan Hill, CA 95037
Morgan Hill metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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