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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office buildings
1335 1st St Gilroy, CA 95020-4738
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3094723
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
WOOD
Total area
6,265 SF
Lot
0.53 ac (23,086 SF)
Zoning code
C1
APN
790-39-029
UPID
US09-3094723
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
-
Gilroy Dental Care Dental Office
-
Laveroni Jeffrey R DDS Dental Office
-
Ramsey Clor DDS Dental Office
-
Clor Susan DDS Dental Office
-
Aiderus Group, LLC Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.08M
Owner & transaction history
Kb Realty Investments INC · 5 yrs held
Kb Realty Investments INC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
C1 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighborhood commercial district is to provide areas in the city suitable for commercial uses of a low intensity and of a neighborhood character, wh…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
21.72 ac
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
$1,065,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,750,000
Current use
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.06M (Feb 1 2021)
Last sale anchor
$1.06M
Feb 1 2021
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
$172 / 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
$14,296
Tax year 2024
Assessed value
$1,124,879
Assessed 2024
Previous assessed
$1,124,879
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$742,845
Assessed improvement
$382,034
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
6,265 SF
Lot
0.53 ac (23,086 SF)
Zoning code
C1
APN
790-39-029
UPID
US09-3094723
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1 · Gilroy, CAZoning C1 · permitted uses
C1 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighborhood commercial district is to provide areas in the city suitable for commercial uses of a low intensity and of a neighborhood character, which cater directly to residents of the immediate neighborhood only, rather than to the entire city. The uses in this district are intended to be of low intensity in order to be compatible with residential living. Ample landscaping and creative design are encouraged in the C1 neighborhood commercial district. The following regulations, except to the extent that they may be modified by a combining district, shall apply to every lot and building in a C1 neighborhood commercial district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 )
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
21.72 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
OFFICE BUILDING Current
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
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Kb Realty Investments INC
Entity
Mailing address
5759 TROWBRIDGE WAY, SAN JOSE, CA 95138-2359
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Feb 1, 2021
$1,060,000
Kb Realty Investments INC
Shannon Mckendry
Grant Deed
$742,000 · Heritage Bank Of Commerce
Sep 9, 2019
—
Marital Trust
Mckendry Living Trust
Quit Claim Deed
related
—
Mar 28, 2019
—
Mckendry Living Trust
Mckendry,lorne T
Affidavit Of Death
related
—
Jan 9, 1990
—
Biafore,jim/biaf
Gilroy Professio
Trustees Deed
related
—
Aug 4, 1988
$515,000
Carol Mckendry
Parker,j.
Grant Deed
related
—
Aug 2, 1988
$264,000
Jim Biafore
Gilroy Professio
Grant Deed
—
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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