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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Retail space
15850 Monterey St Morgan Hill, CA 95037-5475
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-1509253
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Construction
WOOD
Total area
9,855 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
817-06-043
UPID
US09-1509253
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Linda Kay Houston · 1 yrs held
Linda Kay Houston
since 2025
7 recorded transactions
Zoning & alternative use
M1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$206 / 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
$1,829,582
Assessed 2023
Previous assessed
$1,793,709
+2.0% YoY
Assessed land
$653,553
Assessed improvement
$1,176,029
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
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
8
Total area
9,855 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
817-06-043
UPID
US09-1509253
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Morgan Hill, CA
Zoning M1 · permitted uses
M1 · 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
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
8
Lot
1 ac
Current owner
From public records · entity-resolved
Linda Kay Houston
Individual
Free & Clear · 1 yrs held
Mailing address
9008 MOHAWK RD, LEAWOOD, KS 66206-1748
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Linda Kay Houston
Linda Kay Houston
Deed
related
—
Dec 18, 2024
—
Linda Kay Houston
Linda Kay Houston
Deed
related
—
Oct 17, 2024
—
Linda Kay Houston
—
Deed
related
$1,100,000 · Avid Bank
Aug 17, 2021
—
Linda Kay Houston
Linda Kay Houston
Intrafamily Transfer
related
—
Aug 5, 2021
—
Linda Kay Houston
Linda Kay Houston
Intrafamily Transfer
related
—
May 8, 2019
—
Houston,linda K Trust
Houston,linda K
Quit Claim Deed
related
—
May 1, 2019
—
Linda K Houston
Houston Linda K Living Trust
Quit Claim Deed
related
—
Apr 29, 2016
—
Houston,linda K Living Trust
Houston,linda K
Quit Claim Deed
related
—
Apr 27, 2016
—
Linda K Houston
Houston L K Living Trust
Quit Claim Deed
related
—
Nov 5, 2014
—
Houston,linda K Living Trust
Houston L K Living Trust
Quit Claim Deed
related
$1,300,000 · Miscellaneous Ins Co
Aug 7, 2013
—
Houston,linda K Living Trust
Houston,linda K
Quit Claim Deed
related
—
Sep 14, 2005
—
Linda K Houston
Stuckey 1988 Trust
Grant Deed
related
$1,100,000 · Standard Insurance Co
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.
Try Rey
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