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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Industrial properties
110 Luchessa Ave Gilroy, CA 95020-6634
Individually Owned
14-yr Hold
Free & Clear
Property ID
US09-2978396
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
26,000 SF
Lot
2.19 ac (95,396 SF)
Zoning code
M2
APN
841-15-039
UPID
US09-2978396
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
-
KS Collision Center Auto Repair Shop
-
Jack's Overhead Doors Inc Building Supply General Contractor
-
Global Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Meridian West Specialties Marketing & Advertising
-
Abbott's Pro-Power (Bike/Boat/Book/etc) Store Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$790k
Blend (final)
Blend
$1.07M
Owner & transaction history
Charlotte M Lincoln · 14 yrs held
Charlotte M Lincoln
since 2012
6 recorded transactions
Zoning & alternative use
M2 · Gilroy, 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 Gilroy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilroy 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$21,095
Tax year 2024
Assessed value
$1,560,350
Assessed 2024
Previous assessed
$1,560,350
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$271,694
Assessed improvement
$1,288,656
Applied tax rate
2.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
NONE
Stories
1
Units
14
Total area
26,000 SF
Lot
2.19 ac (95,396 SF)
Zoning code
M2
APN
841-15-039
UPID
US09-2978396
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2 · Gilroy, CA
Zoning M2 · permitted uses
M2 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilroy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Cooling
Yes
Stories
1
Units
14
Lot
2.19 ac
Current owner
From public records · entity-resolved
Charlotte M Lincoln
Individual
Free & Clear · 14 yrs held
Mailing address
110 E LUCHESSA AVE, GILROY, CA 95020-6634
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2012
—
Charlotte M Lincoln
Hodges,ronald L
Quit Claim Deed
related
—
Oct 4, 2002
—
Michael A Spence
Spence,tr
Quit Claim Deed
related
—
Oct 23, 1995
—
Spence Trust
Spence,allen A & Evalane
Quit Claim Deed
related
—
Oct 16, 1995
—
J & E Trust
Spence,jack R & Evelyn J
Grant Deed
related
—
Apr 22, 1988
$100,000
Jack&evel Spence
Rottl
Grant Deed
—
—
—
Jack Spence
—
Deed Of Trust
related
$490,000 · South Valley Bank
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.
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