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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Community centers
102 Cochrane Plz Morgan Hill, CA 95037-2812
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2971238
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
TILT-UP CONCRETE
Total area
16,847 SF
Lot
6.56 ac (285,753 SF)
Zoning code
PUD
APN
726-32-009
UPID
US09-2971238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Harry & Son Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Grocery Outlet INC · 1 yrs held
Grocery Outlet INC
since 2024
7 recorded transactions
Zoning & alternative use
PUD · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morgan Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morgan Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$135,543
Tax year 2024
Assessed value
$11,557,000
Assessed 2024
Previous assessed
$11,557,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,715,000
Assessed improvement
$7,842,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
5
Stories
1
Units
3
Total area
16,847 SF
Lot
6.56 ac (285,753 SF)
Zoning code
PUD
APN
726-32-009
UPID
US09-2971238
Jurisdiction
SANTA CLARA
Zoning & alternative use
PUD · Morgan Hill, CA
Zoning PUD · permitted uses
PUD · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morgan Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
3
Lot
6.56 ac
Current owner
From public records · entity-resolved
Grocery Outlet INC
Entity
Free & Clear · 1 yrs held
Mailing address
5650 S HOLLIS ST STE #205, EMERYVILLE, CA 94608-2597
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Grocery Outlet INC
The Mac Morris Revocable Marital Tr
Deed
—
Oct 19, 2022
—
Peggy J Morris
Peggy J Morris
Intrafamily Transfer
related
—
Jun 12, 2020
—
Morris Trust
Mildred E Morris
Affidavit Of Death
related
—
Jun 30, 2004
—
Robert B Facchino
Facchino,deborah
Quit Claim Deed
related
—
Jul 12, 2002
—
Michael T Labarbera
Labarbera,jennifer
Quit Claim Deed
related
—
Jul 27, 2001
—
Fhs Morgan Hill 2 LLP
Fhs Assoc-morgan Hill LP
Quit Claim Deed
related
—
Dec 29, 2000
—
Fhs Associates-morgan Hill LP
—
Deed Of Trust
related
$8,266,000 · Greenwich Capital Fin'l Produc
Dec 30, 1994
—
Fhs Assn-morgan Hill LP
Parkland Properties Co
Grant Deed
$550,000 · Parkland Equities INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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