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Property profile & analytics
OFF-MARKET
Estimated value
$4,935,000
Industrial properties
15400 Concord Cir Morgan Hill, CA 95037-5428
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-1197477
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Construction
TILT-UP CONCRETE
Total area
37,486 SF
Lot
2.55 ac (111,078 SF)
Zoning code
PND
APN
817-06-023
UPID
US09-1197477
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
-
US Technical Ceramics Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$4.94M
Owner & transaction history
Tannant Venture LLC · 22 yrs held
Tannant Venture LLC
since 2003
7 recorded transactions
Zoning & alternative use
PND · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.94M
Range $4.44M – $5.43M · ±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
$132 / 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
$56,992
Tax year 2024
Assessed value
$4,831,758
Assessed 2024
Previous assessed
$4,831,758
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,217,141
Assessed improvement
$3,614,617
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
37,486 SF
Lot
2.55 ac (111,078 SF)
Zoning code
PND
APN
817-06-023
UPID
US09-1197477
Jurisdiction
SANTA CLARA
Zoning & alternative use
PND · Morgan Hill, CA
Zoning PND · permitted uses
PND · 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.
Building & site characteristics
From public records
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.55 ac
Current owner
From public records · entity-resolved
Tannant Venture LLC
Entity
Mailing address
15400 CONCORD CIR, MORGAN HILL, CA 95037-5428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2003
$214,500
Tannant Venture LLC
Carbonell,walter D
Grant Deed
—
Nov 6, 2003
—
Tennant Venture LLC
—
Trustees Deed
related
$3,237,000 · Wells Fargo Bank
Mar 3, 2003
—
Escobedo,tr
Escobedo,joseph M
Quit Claim Deed
related
—
Apr 20, 1998
$778,000
Walt D Carbonell
Wehner Trust
Grant Deed
—
—
—
Tennant Venture LLC
—
Deed Of Trust
related
$1,534,681 · Pinnacle Bank
—
—
Tennant Venture LLC
—
Deed Of Trust
related
$1,480,000 · Pinnacle Bank
—
—
Tennant Venture LLC
—
Deed Of Trust
related
$1,522,000 · Cdc Small Business Finance Co
—
—
William Aviles
—
Deed Of Trust
related
$615,000 · United Financial Mortgage Corp
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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