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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Warehouses
12705 Monterey Hwy San Martin, CA 95046-9503
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-2981093
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1983
Construction
WOOD
Total area
7,404 SF
Lot
9.64 ac (419,918 SF)
Zoning code
A1-5A
APN
779-13-003
UPID
US10-2981093
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
$3.69M
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
Bacigalu 1996 Fam Living Trust · 6 yrs held
Bacigalu 1996 Fam Living Trust
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
A1-5A · San Martin, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+67.0%
Retail stores
$4.0M
+50.4%
Apartment house (5+ units)
$3.1M
+17.6%
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 San Martin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Martin 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
$3,280,000
ML approach
$3,685,000
CAP Approach
CAP Return
Estimation
6%
$2,500,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,630,000
Current use
OFFICE BUILDING
$4,395,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$3,960,000
Change: +50% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,095,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,430,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±10% · vs last sale $2.90M (Feb 19 2020)
Last sale anchor
$2.90M
Feb 19 2020
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
$407 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$3,885,379
Assessed 2023
Previous assessed
$3,570,000
+8.8% YoY
Assessed land
$3,483,450
Assessed improvement
$401,929
Applied tax rate
87.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
7,404 SF
Lot
9.64 ac (419,918 SF)
Zoning code
A1-5A
APN
779-13-003
UPID
US10-2981093
Jurisdiction
SANTA CLARA
Zoning & alternative use
A1-5A · San Martin, CA
Zoning A1-5A · permitted uses
A1-5A · San Martin, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Martin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$4.4M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1983
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
9.64 ac
Current owner
From public records · entity-resolved
Bacigalu 1996 Fam Living Trust
Trust
Mailing address
333 BUSH STA, SAN FRANCISCO, CA 94104-2806
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
Bacigalu 1996 Fam Living Trust
Bacigalupi 1996 Fam L/tr
Quit Claim Deed
related
—
Apr 18, 2005
$2,900,000
Bacigalupi 1996 Trust
Sermone,richard
Grant Deed
$1,510,000 · First Bank & Trust
Nov 14, 2001
—
Richard Sermone
Sermone,diane
Quit Claim Deed
related
$492,916 · Heritage Bank Of Commerce
Jun 4, 1999
$375,000
Polytron Corp
Vea,cary & Karen
Trustees Deed
related
$81,000 · Seller
Jun 16, 1995
$750,000
Cary Vea
Atlas Trust
Grant Deed
$600,000 · Seller
Jul 9, 1992
—
Mark&miriam Atlas Trust
Atlas,mark And M
Quit Claim Deed
related
—
May 24, 1988
—
Mark&miria Atlas
Atlas
Quit Claim Deed
related
—
May 16, 1988
$487,500
Mark&donal Atlas
Mussa
Grant Deed
$250,000 · Individual
—
—
Cary Vea
—
Deed Of Trust
related
$16,000 · Ivan M Zubow & Associates INC
—
—
N. Mussallem
—
Deed Of Trust
related
$200,000 · South Valley Bank
—
—
Richard Sermone
—
Deed Of Trust
related
$375,000 · Aspromonte Investments LLC
—
—
Richard Sermone
—
Deed Of Trust
related
$950,000 · Heritage Bank Of Commerce
—
—
Richard Sermone
—
Deed Of Trust
related
$1,750,000 · Bridge Bank Of Silicon Valley
—
—
Richard Sermone
—
Deed Of Trust
related
$375,000 · Rose Trust
—
—
Bacigalupi 1996 Trust
—
Deed Of Trust
related
$290,000 · First Bank & Trust
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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