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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Retail space
135 Main Ave Morgan Hill, CA 95037-4527
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-1666375
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
WOOD
Total area
1,420 SF
Lot
0.19 ac (8,181 SF)
Zoning code
CC
APN
764-16-022
UPID
US09-1666375
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
-
Trans Aortic Medical Inc Production Facility
-
Toney's Barber Shop Barber Shop
-
Homebridge Loan Service Bank
-
Jessica Deniz | Homebridge | Mortgage Loan Originator Loan Service Bank
-
North Coast Medical Inc Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$890k
Owner & transaction history
Nadira Turgunbekova · 3 yrs held
Nadira Turgunbekova
since 2023
Last sale
$905,000
5 recorded transactions
Zoning & alternative use
CC · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+106.7%
Office building
$845,000
+19.4%
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
$870,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,460,000
Change: +107% · Conversion: Moderate
OFFICE BUILDING
$845,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $905k (Mar 3 2023)
Last sale anchor
$905k
Mar 3 2023
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
$627 / 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
$923,100
Assessed 2023
Previous assessed
$76,359
+1,108.9% YoY
Assessed land
$408,000
Assessed improvement
$515,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
1,420 SF
Lot
0.19 ac (8,181 SF)
Zoning code
CC
APN
764-16-022
UPID
US09-1666375
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Morgan Hill, CA
Zoning CC · permitted uses
CC · 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
RETAIL STORES Current
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$845,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1964
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Nadira Turgunbekova
Individual
Free & Clear · 3 yrs held
Mailing address
135 W MAIN AVE, MORGAN HILL, CA 95037-4527
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 3, 2023
—
Nadira Turgunbekova
Nurzat Berdaliev
Quit Claim Deed
related
—
Apr 12, 2022
$905,000
Turgunbek Odrakaev
Carla Barnello Van Riper
Grant Deed
$812,700 · United Wholesale Mortgage
Apr 12, 2022
—
Nadira Turgunbekova
Nuzat Berdaliev
Intrafamily Transfer
related
—
Mar 29, 2017
—
Louie,joseph & D Trust
Louie,joseph & Diana
Quitclaim Deed
related
—
Mar 22, 2017
$10,205,000
Joseph Louie
Ranch LLC
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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