Individually Owned Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2020
Total area
17,712 SF
Lot
1.34 ac (58,370 SF)
Zoning code
MH
APN
817-05-065
UPID
US09-0518970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.55M
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$4.41M
Owner & transaction history
since 2025
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
MH · Morgan Hill, CA
Top alternative use upside
Warehouse, storage
$6.3M
+45.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.41M
Value range
$3.96M – $4.85M
±10% around blend
Estimated value / SF
$249 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
$3.96M
blend $4.41M
$4.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,712 SF
Lot area
1.34 ac
Year built
2020
Stories
2
APN
817-05-065
Zoning
MH
Assessed value
$4,825,150
Annual tax
$55,825
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.55M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.93M
@ 6.5% CAP return
$4.55M
@ 7% CAP return
$4.23M
4
Sales comparison
Partial preview
Sales approach indication
$5.36M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.2 mi away · 13,776 SF
21.1 mi away · 20,037 SF
21.1 mi away · 17,100 SF
22.2 mi away · 14,000 SF
24.9 mi away · 14,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.41M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 46 sales
$245
+2%
Submarket 46 sales
$245
+2%
County 655 sales
$328
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $249/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+45%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.39M
Move the market yield to see immediate price impact.
Value / SF
$248
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$276k
$5.53M
$3.95M
$3.07M
$307k
$6.14M
$4.39M
$3.41M
$338k
$6.75M
$4.82M
$3.75M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$7.40M
10.2 mi · Dec 2025 · $352/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$55,825
Tax year 2024
Assessed value
$4,825,150
Assessed 2024
Previous assessed
$4,825,150
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$777,589
Assessed improvement
$4,047,561
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2020
Heating
NONE
Stories
2
Units
1
Total area
17,712 SF
Lot
1.34 ac (58,370 SF)
Zoning code
MH
APN
817-05-065
UPID
US09-0518970
Jurisdiction
SANTA CLARA
Zoning & alternative use
MH · Morgan Hill, CAZoning MH · permitted uses
MH · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
2
Units
1
Lot
1.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MH
Jurisdiction
Morgan Hill, CA
Recorded code
MH
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MH in Morgan Hill, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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