FOR LEASE
Industrial properties
Property ID
US09-5364303
Entity Owned Owner of record is a legal entity (LLC / corporation).
4-yr Hold Held for 4 years.
Absentee Owner Owner mailing address differs from the property address.
Free & Clear No active or open recorded mortgage detected.
Entity Owned 
For Lease
1 / 3
Contact for pricing
18125 Sutter Blvd, Morgan Hill, CA 95037
View Listing
Ownership intelligence
Who controls the opportunity?
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2024
What does the county charge?
$324k
Tax billed · 2024
Assessed value$28.26M
Assessed land$4.08M
Assessed improvement$24.18M
Effective rate1.15%
Value estimate
· Nov 2026$25.65M
$23.08M – $28.21M
CAP approach$23.59M
Submarket $/SF estimate$30.00M
NOI build-up
Gross scheduled income$2.37M
Vacancy & credit loss−$179k
Operating expenses−$656k
NOI · 102,080,266.67% cap applied$1.53M
Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
What actually traded nearby?
$245/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$171 – $327
Qualifying comparables6
Cap rate analysis
How does the asset earn?
102,080,266.67%
$1.53M estimated NOI · market benchmarks for this use type
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
What can be built here?
M
JurisdictionSANTA CLARA
Location intelligence
Which uses thrive at this corner?
Best fit: Pharmacy
Demand index
Pharmacy16.1
Auto Repair Shop15.1
Auto Parts Store15.0
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 2 transfers
✓ 6 qualifying comp sales
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyRecent sales nearby
6 recorded sales in this ZIP, last 8 years
Address
Sale price
Sold
Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Comparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
from $199/month
from $199/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$25.65M
Value range
$23.08M – $28.21M
±10% around blend
Estimated value / SF
$279 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable sales
60
Income certainty
100
$23.08M
blend $25.65M
$28.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
- GBA
- 91,853 SF
- Lot area
- 5.3 ac
- Year built
- 2022
- Stories
- 1
- APN
- 726-25-104
- Zoning
- M
- Assessed value · 2024
- $28,260,700
- Annual tax · 2024
- $324,412
3
Income approach: direct capitalization
Partial preview
Income approach indication
$23.59M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$25.55M
@ 6.5% CAP return
$23.59M
@ 7% CAP return
$21.90M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $324,412
- Selected cap rate
4
Comparable sales
Partial preview
Comparables picked and weighted for this valuation. The Overview tab lists recorded sales nearby as our records hold them, unweighted and unselected, so the two do not have to agree.
Sales approach indication
$23.45M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale date
Sale price
$ / SF
10.4 mi away · 109,800 SF
17.4 mi away · 80,192 SF
21.8 mi away · 118,774 SF
23.5 mi away · 88,704 SF
23.7 mi away · 90,958 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$25.65M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
ZIP 46 sales
$245
+14%
Submarket 46 sales
$245
+14%
County 655 sales
$328
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $279/SF.
Delta below average reads as headroom.
Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+71%
vs current use, $22.50M
- Warehouse, Storage
- Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
How Realmo checks its estimates
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable sales, saved work and exports.
9-scenario matrix
Comparable sales · 6
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $199/month
from $199/month
Overview
Selected market yield
6.00%
Selected cap rate for this industrial properties
Derived from the Morgan Hill market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.00%
9.0%
NOI (est.)
$1.53M
Last sale · Jun 2022
$26.75M
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$25.55M
Move the market yield to see immediate price impact.
Value / SF
$278
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the modeled NOI — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.50%6.00%6.50%
$1.38M
$25.09M
$23.00M
$21.23M
$1.53M
$27.87M
$25.55M
$23.59M
$1.69M
$30.66M
$28.11M
$25.95M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable sales
Partial preview
Qualifying comparables
6 found
High confidence · county-verified
Closest comparable
$19.59M
0.1 mi · Jul 2026 · $238/SF
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2022
Construction
TILT-UP CONCRETE
Stories
1
Units
1
Total area
91,853 SF
Lot
5.3 ac (230,868 SF)
Zoning code
M
APN
726-25-104
UPID
US09-5364303
Jurisdiction
SANTA CLARA
Property tax & assessments
Tax year 2024
Tax billed
$324,412
Assessed value
$28,260,700
Assessed 2024
Previous assessed
$28,260,700
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$4,083,570
Assessed improvement
$24,177,130
Applied tax rate
4.0000
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Jurisdiction
Morgan Hill, CA
Zoning code
M
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
What opens after registration
Ownership intelligence
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties we can resolve, with estimated value
Deal signalsSell-side activity where we detect it
Debt & historyRecorded loans and transaction history
Included with every plan
See the ownership record for this address.
Registration is required before any owner information is shown.
Every paid plan opens ownership intelligence on every property.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Debts · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership intelligence
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Included with every plan
See the ownership record for this address.
Registration is required before any owner information is shown.
Every paid plan opens ownership intelligence on every property.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Research This Page with AI
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
Ask Rey →
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Claude
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