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Property profile & analytics
OFF-MARKET
Estimated value
$5,105,000
Retail space
16245 Condit Rd Morgan Hill, CA 95037-9585
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2926029
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
WOOD FRAME
Total area
26,900 SF
Lot
1.01 ac (43,960 SF)
Zoning code
CC
APN
817-13-030
UPID
US10-2926029
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
-
Vending Machine(Drink&Snacks) Grocery & Convenience Store
-
Microtel Inn & Suites by Wyndham Morgan Hill/San Jose Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.11M
Owner & transaction history
Emilio Mendoza · 28 yrs held
Emilio Mendoza
since 1997
7 recorded transactions
Zoning & alternative use
CC · 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
$190 / 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
$47,803
Tax year 2024
Assessed value
$4,156,615
Assessed 2024
Previous assessed
$4,156,615
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$500,933
Assessed improvement
$3,655,682
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
1999
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
3
Units
59
Total area
26,900 SF
Lot
1.01 ac (43,960 SF)
Zoning code
CC
APN
817-13-030
UPID
US10-2926029
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.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
3
Units
59
Lot
1.01 ac
Current owner
From public records · entity-resolved
Emilio Mendoza
Individual
Mailing address
1555 SEVILLE DR, MORGAN HILL, CA 95037-7047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Oct 3, 1997
—
Emilio Mendoza
Mendoza,gloria
Quit Claim Deed
related
—
Jul 31, 1995
$5,000
Emilio Mendoza
Alvarez,jose L
Grant Deed
related
—
Jul 15, 1994
—
Celso L Alvarez
Alvarez,donato
Quit Claim Deed
related
—
—
—
Morgan Hill Lodging LLC
—
Loan Modification
related
$2,350,000 · Cef Fndg LLC
—
—
Morgan Hill Lodging LLC
—
Deed Of Trust
related
$2,350,000 · Cef Fndg LLC
—
—
Morgan Hill Lodging LLC
—
Deed Of Trust
related
$1,644,000 · First Community Bank
—
—
Morgan Hill Lodging LLC
—
Deed Of Trust
related
$2,350,000 · Cef Fndg LLC
—
—
Morgan Hill Lodging LLC
—
Deed Of Trust
related
$2,267,000 · Imperial Thrift & Loan
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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