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Property profile & analytics
OFF-MARKET
Estimated value
$55,785,000
Apartment buildings
1100 Vintage Ln Morgan Hill, CA 95037-9759
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5412937
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
WOOD
Total area
223,897 SF
Lot
8.25 ac (359,239 SF)
Zoning code
A-20A
APN
817-12-023
UPID
US09-5412937
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$65.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$55.79M
Owner & transaction history
Morgan Ranch Apartment Homes 182 Ll · 7 yrs held
Morgan Ranch Apartment Homes 182 Ll
since 2018
5 recorded transactions
Zoning & alternative use
A-20A · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$70,930,000
6.5%
$65,475,000
7%
$60,800,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$79,595,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$55.79M
Range $50.21M – $61.36M · ±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
$249 / 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
$800,279
Tax year 2024
Assessed value
$70,147,188
Assessed 2024
Previous assessed
$70,147,188
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$14,217,398
Assessed improvement
$55,929,790
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Stories
3
Units
182
Total area
223,897 SF
Lot
8.25 ac (359,239 SF)
Zoning code
A-20A
APN
817-12-023
UPID
US09-5412937
Jurisdiction
SANTA CLARA
Zoning & alternative use
A-20A · Morgan Hill, CA
Zoning A-20A · permitted uses
A-20A · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$79.6M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
NONE
Stories
3
Units
182
Lot
8.25 ac
Current owner
From public records · entity-resolved
Morgan Ranch Apartment Homes 182 Ll
Individual
Mailing address
23622 CALABASAS RD STE #200, CALABASAS, CA 91302-1509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2020
—
Morgan Ranch Apt Hms 182 LLC
—
Deed
related
$53,980,000 · City Nat'l Bk
Oct 30, 2018
$13,000,000
Morgan Ranch Apartment Homes 182 Ll
M3 Evergreen Development LLC
Grant Deed
$53,980,000 · City National Bank
Dec 28, 2017
$12,700,000
M3 Evergreen Dev LLC
Mh Evergreen Multi LLC
Grant Deed
—
Nov 14, 2017
$12,700,000
Mh Evergreen Multi LLC
Evergreen Investment Group II
Grant Deed
related
$12,700,000 · M3 Evergreen Dev LLC
—
—
Morgan Ranch Apt Hms 182 LLC
—
Loan Modification
related
$53,980,000 · City Nat'l Bk
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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