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Property profile & analytics
OFF-MARKET
Estimated value
$4,405,000
Industrial properties
16250 Vineyard Blvd Morgan Hill, CA 95037-7129
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0518970
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
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
$4.55M
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$4.41M
Owner & transaction history
Gerald R Blatt · 1 yrs held
Gerald R Blatt
since 2025
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
MH · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.3M
+45.1%
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%
$4,925,000
6.5%
$4,550,000
7%
$4,225,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,340,000
Current use
WAREHOUSE, STORAGE
$6,295,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$4.41M
Range $3.96M – $4.85M · ±10% · vs last sale $4.39M (Mar 14 2025)
Last sale anchor
$4.39M
Mar 14 2025
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
$249 / 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
$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
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
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, CA
Zoning MH · permitted uses
MH · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2020
Heating
NONE
Stories
2
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Gerald R Blatt
Individual
Mailing address
2230 WILL WOOL DR STE #115, SAN JOSE, CA 95112-2605
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$4,385,000
Gerald R Blatt
Vineyard Blvd LLC
Grant Deed
$4,398,007 · Sandman INC
Apr 10, 2023
—
Vineyard Blvd LLC
—
Deed
related
$4,414,000 · Sandman INC
Oct 5, 2021
—
Sid Ceballos Construction INC
Vineyard Blvd LLC
Lease
$1,759,000 · The Mortgage Capital Development Corp
Jan 23, 2019
—
Vineyard Blvd LLC
Sidney Paul Ceballos
Deed
$4,017,000 · Cogent Bank
Apr 19, 2018
—
Ceballos Living Trust
Ceballos,sidney P
Quit Claim Deed
related
—
Jun 24, 2016
$670,000
Sidney P Ceballos
Christopher D Johnson
Grant Deed
$335,000 · Pinnacle Bank
May 13, 2005
—
Christopher D Johnson
Hurlbut Peter S
Grant Deed
related
—
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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